Qassim Cement Co reported a revenue of SAR302.7m (US$80.7m) in the first quarter of 2025, up 54.1 per cent YoY from SAR196.4m in the 1Q24. The company attributed the increase in revenue to higher sales volumes and the consolidation of Hail Cement from 10 June 2024, which combined were able to offset the decline of the average selling price.
The company’s operating profit advanced 40.8 per cent YoY to SAR94.1m from SAR66.8m in the 1Q24. In addition to the above revenue drivers, decreases in sales and marketing as well as general and administrative expenses supported the uptick in operating profit.
Net profit in the 1Q25 improved by 26.8 per cent YoY to SAR94.1m from SAR74.2m in the year-ago period.
