Qassim Cement Company’s net profit attributable to shareholders fell 17.46% to SR157.72 million in the first nine months of 2026, from SR191.07 million a year earlier.
Revenue dropped 11.2% to SR748.53 million from SR842.98 million on lower average selling prices and sales volumes, according to results the company posted on the Saudi Exchange on Wednesday and reported by Mubasher.
Gross profit fell 20.07% to SR157.13 million from SR196.57 million.
Earnings per share were SR1.44, compared with SR1.74 a year earlier.
Third-quarter net profit fell 10.08% to SR37.22 million, or $9.92 million, from SR41.39 million in the same quarter of 2025.
Quarterly revenue declined 26.6% to SR181.17 million from SR246.83 million as cement sales volumes fell, although the average selling price rose.
Operating costs increased because of higher fuel prices since the start of the year, the company said.
Third-quarter gross profit dropped 31.55% to SR22.78 million from SR33.28 million.
Compared with the second quarter, net profit fell 28.12% from SR51.78 million, and revenue fell 34.02% from SR274.57 million.
Shareholders’ equity, excluding minority interests, fell 4.7% to SR2.55 billion at the end of September.
