Yanbu Cement profit jumps 31% to SAR 157.1M in 2024; Q4 at SAR 28M

17/03/2025 Argaam Exclusive

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Yanbu Cement Co. reported a 31% increase in net profit to SAR 157.1 million in 2024, from SAR 119.9 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	827.22	876.13	5.9 %
Gross Income	235.87	291.99	23.8 %
Operating Income	126.21	179.65	42.3 %
Net Income	119.92	157.12	31.0 %
Average Shares	157.50	157.50	-
Earnings Per Share before unusual items (Riyals)	0.76	1.00	31.0 %
EPS (Riyals)	0.76	1.00	31.0 %

The annual profit rise was driven by higher sales revenues and lower selling & distribution costs. This is despite the elevated general & administrative expenses, financing costs, and Zakat expenses.

The Q4 2024 net profit rose 55% to SAR 28 million, from SAR 18.09 million in Q4 2023.

On a sequential basis, the three-month bottom line fell 10.1% from SAR 31.1 million in Q3 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	240.60	247.89	3.0 %
Gross Income	73.71	89.35	21.2 %
Operating Income	8.32	34.75	317.7 %
Net Income	18.09	27.95	54.5 %
Average Shares	157.50	157.50	-
Earnings Per Share before unusual items (Riyals)	0.11	0.18	54.5 %
EPS (Riyals)	0.11	0.18	54.5 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	199.87	247.89	24.0 %
Gross Income	54.31	89.35	64.5 %
Operating Income	32.67	34.75	6.4 %
Net Income	31.10	27.95	(10.1 %)
Average Shares	157.50	157.50	-
Earnings Per Share before unusual items (Riyals)	0.20	0.18	(10.1 %)
EPS (Riyals)	0.20	0.18	(10.1 %)

Total shareholders’ equity, no minority interest, declined to SAR 2.60 billion as of Dec. 31, 2024, from SAR 2.65 billion in the year before.

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Company	Estimated	Actual	Change
BUDGET SAUDI	77.68	100.11	28.9 %
ALDAWAA	86.13	103.81	20.5 %
ARABIAN MILLS	56.00	57.22	2.2 %
YCC	39.56	27.95	(29.3 %)

Company	Estimated	Actual	Change
BUDGET SAUDI	77.68	100.11	28.9 %
ALDAWAA	86.13	103.81	20.5 %
ARABIAN MILLS	56.00	57.22	2.2 %

Company	Estimated	Actual	Change
YCC	39.56	27.95	(29.3 %)

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