EL7.AI
StocksMedium•9 November 2026•
2 min read

City Cement’s First-Half Profit Falls 49.1% to SAR 44.77 Million

Key Facts

1City Cement’s net profit was SAR 44.77 million in the first half of 2026, down 49.1% year on year.
2Revenue was SAR 225.56 million, down 21.9% year on year.
3Operating income fell to SAR 36.73 million, down 54.8% year on year.
4Second-quarter net profit was SAR 14.59 million, down 59.9% from the second quarter of 2025.

City Cement reported net profit of SAR 44.77 million in the first half of 2026, down 49.1% from the same period a year earlier, according to Argaam data. Revenue was SAR 225.56 million, a year-on-year decline of 21.9%. Operating income also fell to SAR 36.73 million, down 54.8%. Argaam attributed the decline in profits to lower sales volumes and average selling prices during the first half. It added that higher fuel prices increased the cost of sales and weighed on results.

Second-quarter results illustrate part of the first-half downturn: net profit was SAR 14.59 million, down 59.9% from the second quarter of 2025. Profit in the year-earlier quarter was SAR 36.38 million, according to Argaam. Basic and diluted earnings per share were SAR 0.32 in the first half of 2026, compared with SAR 0.63 in the first half of 2025. This reflects a decline in accounting returns per share alongside lower revenue and operating income. The company’s shares trade on the Saudi market under ticker 3003, according to City Cement’s website.

Alongside the decline in profits, the interim financial statements showed capital commitments for projects under construction of SAR 108,849,904 as of 30 June 2026. The unpaid balance of those commitments was SAR 70,433,143 on the same date. The company breaks down these commitments between capital expenditure completed and amounts still payable, according to the interim financial statements published on the Saudi Exchange. It also distributed SAR 70 million in cash dividends during the first half for the second half of 2025. The dividend was SAR 0.50 per share and was paid on 20 April 2026.

The interim financial statements cautioned that results for the three months ended 30 June 2026 are not necessarily indicative of expected results for the year ending 31 December 2026. This caution places the first-half results in their time frame without making them an estimate of full-year performance. The reported revenue, profit and cost figures relate to the period ended in June. Performance in that period shows year-on-year declines in net profit and operating income, as well as lower revenue. Argaam also attributed some of the pressure to lower sales and prices and higher fuel costs.

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