Title :

Announcing the Resolutions of Board Meeting RAYSUT CEMENT

Content :

The board of directors discussed the topics listed on the agenda in its meeting no. 2 held on 12/03/2026 and passed the following resolutions.

Approval of the audited Financial Statements for the year 2025

 

We would like to inform that the Board of Directors of Raysut Cement Company (SAOG) held their meeting on 12^th March 2026 and approved the audited financial statements for the year ended 31^st December 2025, subject to approval of shareholders in Annual General Meeting scheduled to be held on 30^th March 2026.

 

 

	Parent Company - Standalone			Group – Consolidated
	31-Dec-2025	31-Dec-2024	Change %	31-Dec-2025	31-Dec-2024	Change %
					
Total Revenue	47,468,983	38,429,444	24	90,668,108	70,269,059	29
Total Expenses	(66,131,998)	(46,133,437)	(43)	(106,537,567)	(83,266,078)	(28)
Investment and other (expenses) / income	1,190,506	114,162	943	33,306	114,162	71
(Loss) for the year before tax	(17,472,509)	(7,589,831)	(130)	(15,836,153)	(12,882,857)	(23)
Income Tax	-	-	-	(48,925)	(100,475)	51
(Loss) for the year after tax	(17,472,509)	(7,589,831)	(130)	(15,885,078)	(12,983,332)	(22)

 

Further, we would like to inform to the shareholders that there are changes in the loss for the Parent Company and Group for the year 2025 as compared to initial un-audited results declared on 14^th January 2026, we would like to explain below the reasons for the change in loss:

 

	Initial unaudited financial statements	Audited financial statements	Difference
	2025
			
Parent Company – standalone
Total net loss for the year	(13,414,992)	(17,472,509)	(4,057,517)
Group- consolidated
Total net loss for the year	(10,649,148)	(15,885,078)	(5,235,930)

 

The above difference is due to the adjustments made in the group and subsidiary companies i.e.

1. An additional depreciation charge of 3.3 million arising from the fixed asset revaluation concluded at the end of 2024 and the other necessary impairment provisions charged subsequently on group consolidated level.

 

 

This clarification is meant for the stakeholders of the Group as per regulatory requirements.

The audited Financial Statements and other reports will be presented to the Shareholders for approval at the AGM which will be held on 30^th March 2026 at 3:00 PM, using the online platform for general meetings, which can be accessed through Muscat Clearing and Depository (MCD) website (www.mcd.om).

 

 

 

 

Engr. Ali Al Zadjali

Chairman of the Board of Directors

*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.