Riyadh – Mubasher: Tabuk Cement Company witnessed a 96.39% year-on-year (YoY) decline in net profit for the second quarter (Q2) of 2026, falling to SAR 510,000 from SAR 14.13 million.
The company attributed the performance to lower cement demand following the suspension of work on several major projects in the region, alongside rising fuel costs.
Quarterly revenue dropped by 27.04% to SAR 50.64 million, compared to SAR 69.41 million a year earlier. Operating profit for the three-month period that ended on 30 June 2026, fell by 88.85% to SAR 1.72 million.
On a sequential basis, net profit decreased by 87.56% from the SAR 4.10 million recorded in Q1-26.
For the first six months of 2026, the company’s net profit reached SAR 4.61 million, down 83.03% from SAR 27.17 million in the prior-year period.
Half-year sales totaled SAR 113.19 million, down from SAR 137.09 million. Earnings per share (EPS) for the six-month period stood at SAR 0.05, compared to SAR 0.30 in the previous year.
Total shareholders' equity, excluding non-controlling interests, was reported at SAR 1.13 billion.
In January-March 2026, Tabuk Cement achieved net profits after tax valued at SAR 4.10 million, lower by 68.55% than SAR 13.04 million in Q1-25.
