Tabuk Cement Co. — Earnings Release 2025

Mar 31, 2026

Tabuk Cement Co. announces its Annual Financial results for the period ending on 2025-12-31

3090 · 31/03/2026 07:48:21 · Announcement #93988 · View on Saudi Exchange

Tabuk Cement Co. announces its Annual Financial results for the period ending on 2025-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	287.04	343.36	-16.4
Gross Profit (Loss)	63.8	96.55	-33.92
Operational Profit (Loss)	44.14	91.02	-51.51
Net Profit (Loss) Attributable to Shareholders of the Issuer	37.29	79.56	-53.13
Total Comprehensive Income Attributable to Shareholders of the Issuer	13.18	-44.21	-
Total Shareholders Equity (after Deducting Minority Equity)	1,170.41	1,202.23	-2.65
Profit (Loss) per Share	0.41	0.88
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The decrease in sales during current year compared to the last year is mainly due to the decrease in sales quantities.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The decrease in net profit during the current year compared to the last year is mainly due to decrease in sales and decrease in other income.
Statement of the type of external auditor's report	Conservation
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	As disclosed in note (6) to the financial statements, the Company's property, plant and equipment includes the cement manufacturing facility (the "CGU") with a carrying amount of SAR 790 million as at 31 December 2025. Due to the existence of impairment indicators, management performed an impairment assessment comparing the carrying amount of the CGU with its recoverable amount. In performing our audit, we identified that certain significant assumptions used by management in estimating the recoverable amount were, in our opinion, not sufficiently supported by objective evidence and therefore did not fully align with the requirements of IAS 36 Impairment of Assets. Due to the sensitivity of the recoverable amount to multiple interdependent assumptions, and the resulting range of outcomes in our assessment, it was not practicable for us to determine the precise amount of the overstatement. However, the audit evidence obtained indicates that, even under the most favorable supportable assumptions, the carrying amount of property, plant and equipment is overstated, and impairment loss is understated, by at least SAR 38 million, with a corresponding overstatement of retained earnings by the same amount.
Reclassification of Comparison Items	Certain comparative figurs for the previous year have been reclassified to be consistent with the classification in the current year.
Additional Information	The company appointed an independent consultant with the approval of the external auditor to conduct property, plant and equipment impairment study. Based on the independent consultant’s report, no impairment of the property, plant and equipment was found. The audit committee held several meetings attended by both the external auditor and the independent consultant to discuss the report. Audit committee endorsed the consultant’s report, noting that the consultant had performed all calculations and analysis in accordance with accounting standards.

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