Saudi Arabia: City Cement recorded a 6% year-on-year fall in net profit to US$25.8m in the first nine months of 2025, down from US$27.5m in 2024. This was despite a 7% rise in revenues to US$103m from US$96.5m.
In the third quarter of 2025, the company’s net profit dropped by 74% year-on-year to US$2.3m from US$9m, while revenues fell by 26% to US$25.8m from US$34.8m. Quarter-on-quarter, profit declined by 76% from US$9.7m in the second quarter of 2025, with revenues down by 31% from US$37.3m.