United Mining sees better H2 performance on gypsum board plant launch: CEO

02:39 PM (Mecca time) Argaam Special
Hamad Alsourayia, CEO of United Mining Industries Co.

Hamad Alsourayia, CEO of United Mining Industries Co.

Nomu’s United Mining Industries Co. expects stronger performance in H2 2025 compared to the first half, supported by higher sales as commercial operations at its gypsum board plant are set to begin by the end of October 2025, CEO Hamad Alsourayia told Argaam.

 

Alsourayia cited the company’s profit retreat for H1 2025 to an 18% drop in total revenues along with higher operating costs.

 

Revenues decreased mainly because of weaker demand for value-added products amid a market slowdown, seasonal factors, and lower operating volumes in H1 2025.

 

He clarified that the change in the sales mix had an effect on average selling prices and profit margins since it led to less sales of value-added products, which in turn had an effect on average prices and margins.

 

According to Argaam data, United Mining’s profits fell to SAR 10 million in H1 2025, compared to SAR 11.9 million in the same period of 2024.

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