The market share of Riyadh Cement Company has reached 6.5%, with most of it concentrated in the Riyadh region. The massive projects in Riyadh have increased cement demand by 14%.
Demand for cement in the central region has risen by more than 20% due to the ongoing mega-projects. However, rising fuel costs have led to increased production expenses for the company.
There is optimism about demand growth in the second half of the year. The company started the year with liquidity of 148 million riyals, which decreased to 125 million by the end of the first half. The company does not need to borrow, whether for profit distribution or project financing.
Riyadh Cement is a partner in most projects in the Riyadh region.
The company announced a 10.8% decline in profits during the second quarter of this year, recording 57.4 million riyals compared to 64.4 million riyals in the same quarter last year.
Quarterly profits fell by 24% in Q2 compared to Q1 of this year, which saw profits of 75.6 million riyals.
The decline in net profit during Q2 2025 compared to the same quarter last year is attributed to higher sales costs due to increased fuel prices.
Sales of Riyadh Cement increased by 16.6% in Q2 of this year, reaching 190.8 million riyals, compared to 163.6 million riyals in the same quarter last year.
The rise in Q2 2025 sales compared to the same quarter last year is due to increased sales volume and higher average selling prices.
Profits for Riyadh Cement decreased by 1.02% in the first half of this year, totaling 133.1 million riyals, compared to 134.5 million riyals in the first half of last year.
Sales rose by 18% in the first half of 2025, reaching 416.1 million riyals, compared to 352.5 million riyals in the first half of 2024.
The board of Riyadh Cement has approved a cash dividend distribution of 10% of the nominal share value to shareholders for the first half of 2025.
The total distributed amount is 120 million riyals, with 120 million shares eligible for dividends, resulting in a dividend of 1 riyal per share.
