Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: د.أ0.003 (vs د.أ0.007 in 1Q 2025) First quarter 2026 results: EPS: د.أ0.003 (down from د.أ0.007 in 1Q 2025). Revenue: د.أ10.5m (up 5.5% from 1Q 2025). Net income: د.أ144.5k (down 64% from 1Q 2025). Profit margin: 1.4% (down from 4.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Apr 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: د.أ0.011 (vs د.أ0.018 in 3Q 2024) Third quarter 2025 results: EPS: د.أ0.011 (down from د.أ0.018 in 3Q 2024). Revenue: د.أ15.1m (up 4.1% from 3Q 2024). Net income: د.أ585.4k (down 40% from 3Q 2024). Profit margin: 3.9% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Oct 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: د.أ0.019 (vs د.أ0.006 in 2Q 2024) Second quarter 2025 results: EPS: د.أ0.019 (up from د.أ0.006 in 2Q 2024). Revenue: د.أ13.2m (up 1.8% from 2Q 2024). Net income: د.أ1.02m (up 203% from 2Q 2024). Profit margin: 7.8% (up from 2.6% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Jul 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: د.أ0.007 (vs د.أ0.001 in 1Q 2024) First quarter 2025 results: EPS: د.أ0.007 (up from د.أ0.001 in 1Q 2024). Revenue: د.أ9.98m (down 5.2% from 1Q 2024). Net income: د.أ397.4k (up 399% from 1Q 2024). Profit margin: 4.0% (up from 0.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 공시 • Apr 17
Northern Cement Company, Annual General Meeting, Apr 29, 2025 Northern Cement Company, Annual General Meeting, Apr 29, 2025. Location: amman Jordan 공시 • Apr 16
Northern Cement Company announces Annual dividend Northern Cement Company announced Annual dividend of JOD 0.0418 per share, ex-date on April 30, 2025 and record date on April 29, 2025. Board Change • Apr 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: د.أ0.044 (vs د.أ0.073 in FY 2023) Full year 2024 results: EPS: د.أ0.044 (down from د.أ0.073 in FY 2023). Revenue: د.أ48.9m (down 16% from FY 2023). Net income: د.أ2.43m (down 40% from FY 2023). Profit margin: 5.0% (down from 6.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 29
Now 25% undervalued Over the last 90 days, the stock has risen 6.3% to د.أ2.18. The fair value is estimated to be د.أ2.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 34%. Board Change • Jan 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: د.أ14.5m (down 13% from 3Q 2023). Net income: د.أ981.7k (down 59% from 3Q 2023). Profit margin: 6.8% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Oct 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Aug 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 0.1% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: د.أ0.006 (vs د.أ0.004 loss in 2Q 2023) Second quarter 2024 results: EPS: د.أ0.006 (up from د.أ0.004 loss in 2Q 2023). Revenue: د.أ12.9m (flat on 2Q 2023). Net income: د.أ337.4k (up د.أ574.9k from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Jul 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: د.أ0.001 (vs د.أ0.018 in 1Q 2023) First quarter 2024 results: EPS: د.أ0.001 (down from د.أ0.018 in 1Q 2023). Revenue: د.أ10.5m (down 24% from 1Q 2023). Net income: د.أ79.7k (down 92% from 1Q 2023). Profit margin: 0.8% (down from 7.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Mar 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: د.أ0.073 (vs د.أ0.11 in FY 2022) Full year 2023 results: EPS: د.أ0.073 (down from د.أ0.11 in FY 2022). Revenue: د.أ58.2m (up 27% from FY 2022). Net income: د.أ4.04m (down 36% from FY 2022). Profit margin: 6.9% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Feb 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 19
Second quarter 2023 earnings released: EPS: د.أ0.016 (vs د.أ0.028 in 2Q 2022) Second quarter 2023 results: EPS: د.أ0.016 (down from د.أ0.028 in 2Q 2022). Revenue: د.أ13.1m (up 29% from 2Q 2022). Net income: د.أ900.5k (down 42% from 2Q 2022). Profit margin: 6.9% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Board Change • Sep 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 07
First quarter 2023 earnings released First quarter 2023 results: Revenue: د.أ13.9m (up 56% from 1Q 2022). Net income: د.أ1.01m (down 25% from 1Q 2022). Profit margin: 7.2% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Board Change • Apr 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: د.أ0.11 (vs د.أ0.14 in FY 2021) Full year 2022 results: EPS: د.أ0.11 (down from د.أ0.14 in FY 2021). Revenue: د.أ46.0m (up 25% from FY 2021). Net income: د.أ6.26m (down 16% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Mar 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 15% share price gain to د.أ2.88, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 17x in the Basic Materials industry in Asia. Total returns to shareholders of 19% over the past three years. Board Change • Dec 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 02
First quarter 2022 earnings released: EPS: د.أ0.024 (vs د.أ0.033 in 1Q 2021) First quarter 2022 results: EPS: د.أ0.024 (down from د.أ0.033 in 1Q 2021). Revenue: د.أ8.92m (down 1.3% from 1Q 2021). Net income: د.أ1.34m (down 26% from 1Q 2021). Profit margin: 15% (down from 20% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 164%, compared to a 12% growth forecast for the industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • May 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). Director Sultan Bin Saleem Al-Saidy was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS د.أ0.11 (vs د.أ0.083 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: د.أ37.2m (down 24% from FY 2019). Net income: د.أ6.25m (up 37% from FY 2019). Profit margin: 17% (up from 9.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 15% share price gain to د.أ2.87, the stock is trading at a trailing P/E ratio of 29.8x, up from the previous P/E ratio of 25.9x. This compares to an average P/E of 15x in the Basic Materials industry in Asia. Total returns to shareholders over the past three years are 31%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of د.أ5.29m, up 18% from the prior year. Total revenue was د.أ41.5m over the last 12 months, down 14% from the prior year.