‎Riyadh Cement: Demand down 3.2% in Q3, to rebound in Q4 2026

The business is keeping track of market advancements and need levels, while working to enhance functional performance and preserve its competitiveness, the magnate kept in mind. He anticipates a relative enhancement in need and asking price throughout Q4 2026, as local conditions support and market activity enhances.

Concerning the business’s Q3 2026 outcomes, Al Ayed discussed that the 73% YoY boost in revenue to around SAR 26 million was generally driven by profits development to roughly SAR 168.7 million, driven by greater sales volumes and offering costs of black cement.

He included that the gross revenue margin increased from 20% to around 24.5%, supported by enhanced operating efficiency and production expense management, in addition to lower basic, administrative, selling and marketing expenditures.

Al Ayed stated black cement sales reached around 838,000 heaps in Q3 2026, up 5% YoY and 4% QoQ.

He kept in mind that the typical market price of black cement reached around SAR 150 per heap, up 10% compared to Q3 2025, however down 15% from the previous quarter.

The business continues to reinforce its position in the white cement section and take advantage of chances in domestic and global markets.

Al Ayed discussed that production expenses were impacted by a 5%– 6% boost in fuel costs, while the effect on the business’s earnings was restricted to around 2%, thanks to efforts and tasks carried out to alleviate the impact of greater fuel expenses on production expenses, in addition to the take advantage of the typical expense of black and white clinker stocks.

He included that Riyadh Cement continues to carry out efforts to enhance fuel usage and functional effectiveness. It has actually finished numerous jobs in this location, while extra efforts are underway to boost production performance and lower expenses.

The CEO likewise kept in mind that the job to change to gas is among the business’s essential tactical efforts, as it is anticipated to create fuel expense savings compared to liquid fuels, supporting running performance and enhancing competitiveness over the medium and long term.

He showed that success margins in the coming duration will stay connected to offering rate advancements and need levels, together with the business’s ongoing efforts to enhance functional effectiveness and control fuel, basic material and transport expenses.

As relates to exports, Al Ayed stated they are not presently a significant focus of the business’s sales technique, as it focuses on conference domestic market need while preserving asking price and revenue margins for its items.

He included that the business examines export chances based upon business and functional factors to consider to make sure the very best financial returns without negatively impacting the success of domestic sales.

Riyadh Cement continues to concentrate on enhancing its production performance, managing expenses and reinforcing item competitiveness, while slowly transitioning towards a more automatic and smart operating design, according to the magnate.

Al Ayed likewise stated the business anticipates relative enhancement in its monetary efficiency in Q4 2026, backed by favorable expectations for more powerful need and market price, together with expectations of local stability.

“We will continue to concentrate on enhancing functional performance, improving production expense management and taking advantage of continuous advancement efforts and tasks, supporting earnings margins and the sustainability of our monetary and functional efficiency,” he included.

According to Argaam information, Riyadh Cement’s revenue decreased to SAR 136 million in 9M 2026, compared to SAR 148 million in the exact same duration in 2015. Q3 2026 net revenue increased 73% YoY to SAR 26 million.