Gulf Cement swings to nine-month profit after year-earlier loss

Gulf Cement reported nine-month profit after tax of AED 23,376,040, compared with a loss of AED 9,460,200 a year earlier, its management report shows.

4 Nov 2026, 18:20

Gulf Cement reported a profit after tax of AED 23,376,040 for the nine months to 30 September 2026, compared with a loss of AED 9,460,200 a year earlier, with revenue up 28%.

• Profit after tax was AED 23,376,040 compared with a loss of AED 9,460,200.
• Earnings per share were AED 0.06 compared with a loss per share of AED 0.02.
• Revenue was AED 506,212,366 compared with AED 394,851,385, a rise of 28%.
• Operating profit was AED 30,328,937 compared with an operating loss of AED 5,939,643.
• The board approved the nine-month financial statements on 4 November 2026.

Gulf Cement Company P.S.C. reported a profit after tax of AED 23,376,040 for the nine months ended 30 September 2026, compared with a loss of AED 9,460,200 in the same period of 2025, according to its management report summary filed with the Abu Dhabi Securities Exchange.

What happened

Revenue for the nine months was AED 506,212,366, compared with AED 394,851,385, a rise of 28%. Gulf Cement recorded an operating profit of AED 30,328,937, compared with an operating loss of AED 5,939,643, and a profit before tax of AED 25,716,279, compared with a loss of AED 9,460,200. Income tax expense for the period was AED 2,340,239.

Earnings per share were AED 0.06, compared with a loss per share of AED 0.02.

Why it matters

In its management report, the company described the period as "a remarkable financial and operational turnaround". The board of directors, at meeting no. 5/2026 held on 4 November 2026, approved the financial statements for the nine-month period, according to a separate disclosure.