Saudi Ceramics Swings to SAR 122.4 Million Profit in Q2 on Insurance Payout

Saudi Ceramics Company has announced on Thursday that it posted a net profit of SAR 122.4 million in the second quarter ended June 30, 2025, compared to a net loss of SAR 11.4 million in the same period a year earlier.

Operating profit jumped to SAR 125 million, up from SAR 5.5 million in the second quarter of 2024 — a surge of 2,244%. Earnings per share rose to SAR 1.34, compared to SAR 0.05 in the year-ago quarter.

The company affirmed on (Tadawul) that it attributed the profit turnaround primarily to the receipt of an SAR 120 million insurance compensation related to damages from a fire at its second sanitary ware factory on July 15, 2023. This comes despite a decline in gross profit compared to the previous quarter.