Qatar National Cement Company (Q.P.S.C.) (QSE:QNCD)

QSE:QNCD Financials Overview

Financials in millions QAR. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	415.26	399.11	396.98	460.79	708.76	824.4
Revenue Growth	7.30%	0.54%	-13.85%	-34.99%	-14.03%	24.98%
Gross Profit Gross Profit Growth	92.83	90.33	132.84	189.24	221.39	266.64
Operating Income Operating Income Growth	50.77	49.56	100.43	128.8	185.87	227.98
Net Income Net Income Growth	100.4	100.28	159.83	205.1	227.1	224.53
Earnings Per Share EPS Growth	0.15	0.15	0.24	0.31	0.35	0.34
EPS Growth	-24.32%	-37.26%	-21.11%	-10.79%	2.21%	49.68%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cement Cement Growth	298.92	290.95	306.97	351.86	571.78	673.81
Sand Sand Growth	107.44	99.47	80.92	99.86	129.11	141.61
Others Others Growth	8.9	8.69	9.09	9.06	7.87	8.98
Total Total Growth	415.26	399.11	396.98	460.79	708.76	824.4

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	497.25	650.93	658.72	668.6	787.01	698.85
Total Debt Total Debt Growth	8.58	6.88	-	-	-	-
Net Cash (Debt) Net Cash Growth	488.67	644.05	658.72	668.6	787.01	698.85
Net Cash Growth	-14.28%	-2.23%	-1.48%	-15.05%	12.62%	136.72%
Net Cash Per Share Net Cash Per Share Growth	0.75	0.99	1.01	1.02	1.20	1.07

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	151.49	204.24	136.31	37.39	257.95	518.47
Capital Expenditures CapEx Growth	-39.69	-56.81	-11.8	-15.6	-6.72	-3.85
Free Cash Flow Free Cash Flow Growth	111.8	147.43	124.51	21.79	251.23	514.62
Free Cash Flow Growth	-50.50%	18.40%	471.42%	-91.33%	-51.18%	58.61%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	22.35%	22.63%	33.46%	41.07%	31.24%	32.34%
Operating Margin	12.23%	12.42%	25.30%	27.95%	26.22%	27.65%
Pretax Margin	24.18%	25.17%	40.44%	44.51%	32.04%	27.24%
Profit Margin	24.18%	25.13%	40.26%	44.51%	32.04%	27.24%
FCF Margin	26.92%	36.94%	31.36%	4.73%	35.45%	62.42%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.220	0.220	0.270	0.300	0.300	0.300
Dividend Per Share Growth	-18.52%	-18.52%	-10.00%	0%	0%	50.00%
Dividend Yield	7.98%	8.56%	7.75%	9.45%	8.20%	8.18%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	17.97	17.99	16.43	12.58	13.93	14.84
Forward PE	14.92	12.13	11.76	11.76	11.76	11.76
P/FCF Ratio	16.13	12.24	21.10	118.38	12.59	6.48
PS Ratio	4.34	4.52	6.62	5.60	4.46	4.04

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

Data Sources Report a data error