IssuerAnnouncementDetailsV2Portlet

Actions

QASSIM CEMENT COMPANY ANNOUNCES THE ANNUAL FINANCIAL RESULTS ENDING ON 31-12-2025

3040
QACCO
0.05 %
1447/08/29     17/02/2026 08:41:42

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 1,133,302,818967,578,13117.13
Gross Profit (Loss) 260,626,723325,359,655-19.89
Operational Profit (Loss) 266,960,745278,434,373-4.12
Net Profit (Loss) Attributable to Shareholders of the Issuer 259,932,859287,491,196-9.59
Total Comprehensive Income Attributable to Shareholders of the Issuer 258,855,769289,332,301-10.53
Total Shareholders Equity (after Deducting Minority Equity) 2,657,767,6462,750,145,949-3.36
Profit (Loss) per Share 2.372.85
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The increase in revenues during the current period compared to the same period of the previous year is due to the increase in sales volume, driven by the increase in cement local demand, in addition to the consolidation of subsidiary’s business results following the acquisition of Hail Cement Company as of 10-06-2024, despite the decrease in the average selling prices.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The decrease in net profit during this year compared to the previous year was mainly due to the decrease in the average selling price, in addition to the increase in operating costs following the increase in fuel prices since beginning of the current year. This is despite the increase in the sales volume driven by the increase in the cement local demand.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Other Matter: The consolidated financial statements of the Group for the year ended December 31, 2024 were audited by another auditor who expressed an unmodified opinion on those financial statements on March 26, 2025
Reclassification of Comparison Items Some comparative figures have been reclassified to fit the presentation of the current year's figures, and the figures for the previous quarter have been adjusted on the announcement in accordance with IFRS 3 (Business Combinations)
Additional Information On June 10, 2024 the company acquired 100% of the shares of Hail Cement Company, and the acquisition was accounted in accordance with the requirements of IFRS 3 (Business Combinations). Accordingly, the Company has recognized the acquisition based on the carrying values (provisional values) of the acquired assets and liabilities as of the acquisition date, pending the determination of their fair values within 12 months from the acquisition date, as permitted by IFRS 3, which requires the adjustment of the initial values recognized during the measurement period to fair values retroactively.

Following the completion of the valuation of assets and liabilities, the accounting impact was reflected in the consolidated financial statements as on 31 December 2025 and as on 31 December 2024 as per note number 37 in the financial statements.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Previous Announcements

View all announcements

Company Performance

QACCO
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 42.9
Net Change 0.02 (+0.05%)
Value Traded (Sar) 3,959,301.2
Volume Traded 92,375
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions
NO PORTLET SESSION YET