What was Eastern Province Cement's net profit in H1 2026?

Net profit reached SAR 141 million, up 12.8% year-on-year.

What was the company's revenue in H1 2026?

Revenue stood at SAR 698 million, up 14.6% year-on-year.

What drove the annual net profit increase?

The increase was mainly due to higher revenue from increased cement sales volumes and precast sales value, higher share of associate results, and lower expenses.

How did Q2 results compare to Q1?

Revenue declined 2.8% to SAR 344 million, and net profit fell 4.2% to SAR 69 million.

What was the earnings per share for the period?

EPS was SAR 0.80, compared to SAR 0.74 in the prior-year period.

Eastern Province Cement Posts SAR 141M Net Profit in H1 2026

Eastern Province Cement Co. announced its interim financial results for the six months ended June 30, 2026, with net profit reaching SAR 141 million, up 12.8% year-on-year, supported by a 14.6% increase in sales revenue.

Eastern Province Cement Co. (3080) reported its interim financial results for the six months ended June 30, 2026, posting a net profit of SAR 141 million, up 12.8% from SAR 125 million in the same period last year. The increase was driven by a 14.6% rise in sales revenue to SAR 698 million, attributed to higher cement sales volumes and increased precast sales value.

Key Financial Results

Item	H1 2026	H1 2025	Change
Revenue	SAR 698M	SAR 609M	+14.6%
Net Profit	SAR 141M	SAR 125M	+12.8%
EPS	SAR 0.80	SAR 0.74	+8.1%
Total Comprehensive Income	SAR 170M	SAR 93M	+82.8%
Shareholders' Equity	SAR 2,460M	SAR 2,301M	+6.9%

On a quarterly basis, Q2 2026 revenue stood at SAR 344 million, down 2.8% from the previous quarter's SAR 354 million, while net profit fell 4.2% to SAR 69 million.

Key Highlights from the Statement

The company attributed the YoY net profit increase to:

Higher gross profit from increased revenue.
Higher share of results from an associate company.
Decrease in other expenses.
Increased gains from revaluation of investments at fair value.

The QoQ decline was due to:

Lower cement sales volumes and reduced precast sales value.
Higher general and administrative expenses.
Lower dividend and murabaha deposit income.
Reduced fair value gains on investments.
Newly recognized expected credit loss provisions.

Guidance

The company did not provide any forward guidance in the announcement.

Impact on the Stock

Investors may view the positive annual results favorably, but the quarterly decline could temper gains. The stock's reaction will depend on market expectations and analyst assessments.

What This Means for Investors

The results show improvement on a yearly basis, but the quarterly decline suggests seasonal or operational challenges. Investors should monitor cement demand trends and construction activity in the region.