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Home / Qassim Cement Co. / 2024 Annual Results

Qassim Cement Co. 2024 Annual Results

Revenue
SAR 968M
Net Profit
SAR 301M
EPS
SAR 2.98
Operating Cash Flow
SAR 317M

Qassim Cement Co. (3040) reported full year 2024 revenue of SAR 968M, up 65.8% from SAR 584M in 2023. Net profit came in at SAR 301M, up 112.3% year on year. Earnings per share were SAR 2.98. The company generated SAR 317M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR 1.05 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.05.

Key Financial Metrics

Metric20242023
RevenueSAR 968MSAR 584M
Net ProfitSAR 301MSAR 142M
Net Margin31.1%24.3%
ROE10.9%9.0%
EPSSAR 2.98SAR 1.58
Total AssetsSAR 3.14BSAR 1.80B
Total EquitySAR 2.76BSAR 1.58B
Total LiabilitiesSAR 373MSAR 226M
Operating Cash FlowSAR 317MSAR 93M

Year on Year Comparison

Revenue increased by 65.8% compared to 2023. Net profit increased by 112.3%. Both revenue and profit grew — indicating expanding business.

Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2025-03-20.