Saudi Arabian Mining Company (Ma’aden), majority-owned by the Public Investment Fund (PIF), announced a net profit of SAR 2.21 billion for the third quarter of 2025. The company stated that its financial results were in line with market expectations.
Net profit rose 127% year-on-year, from SAR 971 million in the same quarter of 2024, reflecting stronger earnings from joint ventures and associates, improved price performance across metal and phosphate segments, higher sales volumes, and reduced financing costs.
Ma’aden’s revenues also increased by 24%, reaching SAR 10 billion. The growth was mainly attributed to higher selling prices and production volumes in the phosphate, aluminum, gold, and other metal segments.
For the first nine months of 2025, Ma’aden recorded a total net profit of SAR 5.67 billion, representing a 90.7% increase compared to the same period last year.
Commenting on the results, Robert Wilt, CEO of Ma’aden, said:
“Our phosphate fertilizer production rates remained close to record highs. Aluminum production continued steadily, while gold production achieved notable growth during the third quarter.”
Wilt added that the ‘Phosphate 3 – Phase I’ project had reached the halfway mark toward completion, progressing on schedule and within budget. The company also awarded the engineering, procurement, and construction management contract for the Rajum gold mine project and secured land in Al-Muwayh Governorate for the development of residential communities for its employees.
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