Riyadh Cement Company (3092.SR) Q2 2025 Earnings Report

Riyadh Cement Company delivered a strong QQ2 2025 performance, underscored by top-line growth and healthy profitability metrics. Revenue for the quarter stood at SAR 190.89 million, up an estimated 88% year over year, with a gross profit of SAR 68.80 million and a gross margin of 36.0%. EBITDA reached SAR 89.03 million, yielding a robust EBITDA margin of approximately 46.6%, and operating income of SAR 59.90 million (operating margin ≈ 31.4%). Net income recorded SAR 57.47 million, corresponding to a net margin around 30.1% and earnings per share of SAR 0.48. These results reflect strong operating discipline alongside favorable mix and volume dynamics across Riyadh Cement’s markets.

From a cash-flow and balance-sheet perspective, the company generated SAR 39.11 million of operating cash flow in the quarter, but free cash flow was negative at SAR −8.18 million after investing SAR −47.29 million in property, plant and equipment. The period ended with SAR 69.57 million of cash and cash equivalents and a net debt position of SAR −65.55 million (i.e., net cash). Total assets were SAR 1.941 billion with equity of SAR 1.762 billion, signaling a conservative balance sheet with ample liquidity to fund ongoing capacity initiatives and working-capital requirements.

Valuation and capital structure remain favorable by regional cement-industry standards: the stock shows a price-to-earnings multiple around 8.4x, price-to-book around 2.2x, and a dividend yield near 3.9% based on available metrics. Management commentary was not provided in the supplied data set; no earnings-call quotes are available for incorporation into the forward-looking narrative. The QQ2 outcome supports a constructive medium-term view, contingent on continued demand resilience in the Saudi construction sector and controlled input costs.