Sharjah Cement and Industrial Development Co

1. Company Overview & Earnings Context

Sharjah Cement and Industrial Development Co. (PJSC) reported a strong Q1 2026 performance, supported by higher cement sales volumes, improved pricing, and stronger manufacturing segment profitability.

2. Financial Performance Snapshot

• Revenue: AED 227.9M (+28% YoY)

• Gross profit: AED 49.5M (vs AED 20.9M YoY)

• Profit before tax: AED 40.5M

• Net profit: AED 37.5M (vs AED 15.5M YoY)

• Earnings per share (EPS): AED 0.062 (vs AED 0.025 YoY)

3. Operational Highlights & Key Metrics

• Manufacturing segment revenue: AED 227.9M

• Manufacturing segment result: AED 44.2M

• Investment income: AED 7.3M

• Revenue geography:

• UAE revenue: AED 219.9M

• International revenue: AED 8.0M

• Balance sheet & liquidity:

• Total assets: AED 2.15B

• Total equity: AED 1.48B

• Cash & equivalents: AED 48.7M

• Investment portfolio: AED 240.0M

• Borrowings:

• Short-term borrowings: AED 327.1M

• Long-term borrowings: AED 99.9M

4. Key Performance Drivers

• Higher cement sales volumes, driving revenue growth

• Improved pricing environment, supporting margins

• Strong manufacturing segment profitability

• Diversified operations across cement, ready-mix, sacks, and rope products

• Stable investment income contribution, despite fair value pressure on investments

5. Outlook & Forward Guidance

• Continued focus on:

• Operational efficiency and production optimization

• Expansion of ready-mix concrete operations

• Managing supply chain and logistics costs

• Management highlighted:

• Cement operations remain resilient despite geopolitical developments

• Rising fuel, logistics, and shipping costs may impact future production costs

6. 🧾 Investor Takeaway

Sharjah Cement delivered a strong Q1 2026 with significant improvement in revenue and profitability, supported by stronger cement demand, higher pricing, and improving manufacturing performance, while maintaining a solid balance sheet and diversified industrial operations.