Riyadh Cement Plant
1

Operating Highlights

~42%
Grey cement production increase
Production & Reliability
~3%
Energy consumption reduction
Energy Efficiency — per ton of cement
~10%
Downtime reduction
Asset Performance via predictive maintenance
12.7 MW
WHR/ORC gross capacity
Decarbonization & Energy — under construction

Production & Reliability

Grey cement production increased by ~42% while white cement production decreased by ~46.7%, supported by sustained high clinker output and optimized production planning.

Energy Efficiency

Achieved a ~3% reduction in energy consumption per ton of cement, reinforcing cost competitiveness and operational efficiency.

Asset Performance

Predictive maintenance reduced downtime by ~10%, improving plant availability and minimizing operational disruption.

Decarbonization & Energy

Advanced the Waste Heat Recovery (ORC) project, generate 12.7 MW (gross), currently under construction.

Digital Operations

Recognized among the Top 10 national companies (out of 1300) for Industrial Transformation and began deploying an AI-driven Quality Optimizer to predict clinker quality deviations and automatically adjust operations.

OPERATIONAL PERFORMANCE IN 2025

01

Production stability and cost optimization

We sustained high clinker production and increased output to support cost optimization. Performance highlights show that production increased by ~42% in the grey segment, while white clinker production decreased by ~46.7% in 2025, reflecting production mix optimization. Total clinker produced in 2025 was approximately 3.70 million tons (grey) and ~0.31 million tons (white).

  • tighter production planning and execution discipline
  • bottleneck removal and capacity unlock initiatives, and
  • improved maintenance effectiveness and reliability routines.
02

Energy management and efficiency improvements

Energy performance remains central to our operating agenda. In 2025, our focus on energy efficiency and fuel mix optimization supported ~3% reduction in energy consumption per ton of cement.

In parallel, we progressed the Waste Heat Recovery (ORC) project, generating 12.7 MW (gross), strengthening our long-term pathway to reduce purchased electricity and lower carbon intensity.

Fuel mix (2025):

Grey Kilns 1& 2: ~81.7% crude oil and 18.3% HFO

White Kiln 3: 100% crude oil

Specific performance indicators:

Specific heat – grey clinker: 3.17 GJ/t

Specific heat – white clinker (Line 3): 4.82 GJ/t

Specific power – cement: 107 kWh/t

03

Maintenance excellence and asset health

Our approach is increasingly predictive and data-driven. In 2025, predictive maintenance initiatives delivered a ~10% reduction in downtime, supporting stronger plant availability and improved dispatch reliability.

These results reflect a systematic shift toward higher equipment uptime through monitoring, early fault detection, and structured shutdown planning.

Scope covered refractory change-outs; kiln shell inspection; drive alignment; burner checks/repairs; roller replacement; gearbox refurbishment; separator upgrade; false-air arrest; MCC refurbishment; instrumentation calibration; bag filter refurbishment; fan replacements; emissions-monitoring calibration delivering higher thermal efficiency, reduced heat loss/fuel, longer kiln life, fewer breakdown hours, steadier clinker output, and improved safety.

2

Grey Cement Segment

~42%
Grey cement production increase
~330k T
Highest monthly sales
since 2016
SAR 625.4M
Grey cement revenue
-0.48% YoY
6.4%
Market share
7th nationally

Riyadh Cement's Grey Cement business underpinned the Company's momentum in 2025, demonstrating the scale, resilience, and service reliability required by Riyadh's fast-moving project pipeline. Operating from the fully integrated complex, the segment combines on-site quarry operations, raw-meal preparation, pyro-processing, finish milling, and bulk dispatch on a single site; an industrial footprint that translates directly into schedule discipline for customers across ready-mix, precast, and major contractor channels. The plant's location in a high-purity limestone belt continues to support kiln stability and uniform clinker chemistry and, critically, offers short haul distances to the city's flagship developments, allowing us to meet heavy pour cadences without compromising quality or delivery windows.

Operational Flexibility

In 2025, Line 1 operated fully in grey mode, with white clinker demand met from existing inventory.

OPERATING MOMENTUM

Building on that base, the Grey segment sustained a high availability run pattern through 2025. Production increased by approximately 6% year-on-year, reflecting stable kiln operations and the compounding impact of throughput and maintenance initiatives. Despite a more competitive pricing environment, sales volumes increased, and the segment delivered SAR 625.4 million of revenue, representing a 0.48% year-on-year decline, reflecting lower average selling prices.

This combination, higher volumes at softer pricing was achieved through disciplined allocation to project packages, tight logistics coordination with contractors and distributors, and proactive production planning to ensure reliable supply and optimized dispatch performance.

Ordinary Portland Cement (OPC)

serves reinforced concrete, concrete pipe manufacturing, precast elements, and block manufacture

Sulfate-Resistant Portland Cement (SRC)

addresses basements and below-grade structures, coastal exposure, sewage and water systems, and dam and bridge construction where sulfate attack is a design concern

Finishing Portland Cement (FC)

is formulated for plastering, levelling and floor screeds prior to tiling

2025 MILESTONES

The year 2025 marked a clear inflection in operating tempo and commercial delivery. The Company recorded the highest monthly grey-cement sales since 2016, reaching approximately 330 thousand tons in a single month.

These achievements translated into the strongest financial and operational performance in nine years, including total company sales of SAR 787.6 million, of which Grey Cement contributed SAR 625.4 million. Profitability metrics also reached post-2016 highs, with Gross Profit of SAR 257.8 million, Total Comprehensive Income of approximately SAR 206.9 million, and Net Profit of SAR 207.8 million.

This record year established a strong base for 2026, validated the plant's ability to run sustained high-throughput campaigns, and reinforced our service credentials with the capital's Tier-1 contractors.

3

White Cement Segment

SAR 162.2M
White cement revenue
+0.76%
Revenue growth
~36k T
Highest monthly sales
~46.7%
Decrease in clinker production
~100%
Grinding utilization

Riyadh Cement's White Cement business delivered another year of purposeful growth in 2025, reinforcing the Company's leadership in a specialty segment that underpins architectural finishes, decorative elements, and premium concrete applications across the Kingdom. The business is anchored by the first white cement plant in Saudi Arabia, established in 1997, with an installed white-clinker capacity of 320,000 tons per year.

Critically, the Company's dual-process Line 1, originally commissioned in 2007 for grey clinker, was upgraded in 2019 to also produce white clinker at a design capacity of 660,000 tons per year. When operated in tandem for white clinker, Riyadh Cement can produce approximately one million tons of white clinker annually, giving the Company unmatched flexibility to meet large, time-bound project packages and to balance mix between structural and finishing works as market conditions evolve.

Card 01

White Portland Cement Type I (CEM I 52.5N)

is positioned for reinforced concrete, concrete pipe manufacturing, precast concrete and block, where aesthetic requirements combine with structural performance.

Card 02

White Portland Cement Type II (CEM II/A-LL 42.5N)

serves grouts, marble installation fillers, colored plastering and profile painting for exterior facades, in addition to colored concrete elements and ceramic works.

Card 03

Standards

Products are specified to SASO-GSO and EN 197-1 standards, with Type I white manufactured to CEM I 52.5N and Type II white to CEM II/A-LL 42.5N, enabling seamless adoption in government and private-sector projects that reference international codes.

MARKET POSITION

Riyadh Cement also dominates the Kingdom's white cement market, with the investor presentation indicating more than 50% share; a reflection of our early-mover status, installed flexibility to reach ~320,000 tpa of white clinker in 2025 (with historical capability of ~1.0 million t/y) when required, and longstanding relationships with distributors and project owners. This leadership, together with our integrated manufacturing base, continues to translate into competitive advantage in technical specifications, availability and service.

Riyadh Cement Plant
4

Project Execution

+13%
YoY change in projects
29
Projects in progress
65%
Mega projects
35%
Housing & others
Diriyah Gate King Salman Park Qiddiya City Sports Boulevard The Avenues – Riyadh ROSHN – Sedra District Al Fursan Suburb Jewel of Riyadh Prince Mohammed Bin Salman Non-Profit City Boulevard (Phase 2) East Gate (Phase 2) Wadi Laban Bridge / Western Ring Road Al Urubah Park King Abdullah Gardens Tuwaiq Tower
5

Production & Sales Performance (Multi-year)

3,497,830
Grey Cement Sales (2025)
3,725,510
Grey Clinker Production (2025)
393,312
White Cement Sales (2025)
314,021
White Clinker Production (2025)

LINE GRAPH (2020–2025)

Grey Segment

0.0M 0.9M 1.9M 2.9M 3.8M 2020 2021 2022 2023 2024 2025
Grey Clinker Production Grey Clinker Production
Grey Cement Sales Grey Cement Sales

White Segment

0k 150k 300k 450k 600k 2020 2021 2022 2023 2024 2025
White Clinker Production White Clinker Production
White Cement Sales White Cement Sales

GREY SEGMENT

YearGrey Cement SalesGrey Clinker Production
20202,517,4293,331,847
20213,521,5393,279,680
20222,966,3541,830,238
20233,282,6103,121,222
20243,287,7772,624,636
20253,497,8303,725,510

WHITE SEGMENT

YearWhite Cement SalesWhite Clinker ProductionWhite Clinker Sales
2020321,242267,004
2021365,611252,1752,892
2022401,929596,0029,122
2023447,519250,73914,929
2024398,637588,5474,283
2025393,312314,021

Ending Stock (Clinker) — Grey Clinker

YearTons
20201,614,770
20211,614,700
2022745,120
2023837,819
2024520,451
20251,175,981

Ending Stock (Clinker) — White Clinker

YearTons
2020266,544
2021181,394
2022395,776
2023217,858
2024338,018
2025286,757