Financial Results : Yamama Cement 2024 profit up 38% to SAR 420.7M; Q4 at SAR 123.1M

Yamama Cement 2024 profit up 38% to SAR 420.7M; Q4 at SAR 123.1M

19/02/2025 Argaam Exclusive

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Yamama Cement Co. reported a net profit of SAR 420.7 million in 2024, a 38% increase from SAR 304.3 million a year earlier, on higher sales value.



Financials (M)

Item 2023 2024 Change‬
Revenues 935.19 1,172.98 25.4 %
Gross Income 335.36 529.02 57.7 %
Operating Income 263.56 443.60 68.3 %
Net Income 304.25 420.71 38.3 %
Average Shares 202.50 202.50 -
Earnings Per Share before unusual items (Riyals) 1.25 2.00 60.5 %
EPS (Riyals) 1.50 2.08 38.3 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 224.55 370.36 64.9 %
Gross Income 80.24 157.93 96.8 %
Operating Income 58.28 135.32 132.2 %
Net Income 52.76 123.12 133.4 %
Average Shares 202.50 202.50 -
Earnings Per Share before unusual items (Riyals) 0.25 0.61 143.8 %
EPS (Riyals) 0.26 0.61 133.4 %

The fourth-quarter net earnings soared 133.4% to SAR 123.1 million from SAR 52.76 million in Q4 2023.

 

Sequentially, the cement producer’s profits rose by 25.7% from SAR 97.9 million in Q3 2024.

 

Shareholders’ equity, no minority interest, stood at SAR 4.84 billion as of Dec. 31, 2024, compared to SAR 4.73 billion a year earlier.

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Quarterly Actuals vs Estimates 19/02/2025

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