AMAK profit declines 26% to SAR 154.31M in 9M 2026; SAR 59.55M in Q3

28/10/2026 Argaam Exclusive

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Almasane Alkobra Mining Co. (AMAK) logged a 26% decline in net profit to SAR 154.31 million in 9M 2026, compared to SAR 209.66 million in 9M 2025.



Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Revenues 749.39 743.10 (0.8 %)
Gross Income 316.14 256.21 (19.0 %)
Operating Income 263.99 194.34 (26.4 %)
Net Income 209.66 154.31 (26.4 %)
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (Riyals) 2.33 1.71 (26.4 %)
EPS (Riyal) 2.33 1.71 (26.4 %)

The annual decline in profits was due to 1% year-on-year (YoY) decline in revenues (by SAR 6 million), due to lower sales volumes of zinc and gold, despite higher selling prices for copper, zinc, gold, and silver.

 

Besides, gross profit declined by SAR 60 million and higher general and administrative (G&A) expenses. This was offset by lower franchise fee expenses.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Revenues 271.06 287.72 6.1 %
Gross Income 121.76 102.84 (15.5 %)
Operating Income 104.86 77.89 (25.7 %)
Net Income 81.37 59.55 (26.8 %)
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (Riyal) 0.90 0.66 (26.8 %)
EPS (Riyal) 0.90 0.66 (26.8 %)

In Q3 2026, the company’s net profit fell 26.8% YoY to SAR 59.55 million, due to a decline in gross profit by SAR 19 million.

 

Sequentially, net profit improved 71.8% from SAR 34.66 million in Q2 2026.

 

Total shareholders’ equity, excluding minority interest, amounted to SAR 1.48 billion as of Q3 2026, compared with SAR 1.26 billion a year earlier.

View More Financial Results

 

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Share Price

Almasane Alkobra Mining Co.
63.75
2.85 4.68 %

Almasane Alkobra Mining Co. (AMAK)

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Financial Ratios
Current
Market Cap (M Riyal) 5,737.50
Enterprise Value (EV) (M Riyal) 5,852.24
Shares Outstanding ((M)) 90.00
Recurring EPS ( Riyal) (TTM) 2.36
Book Value (BV) ( Riyal) 16.44
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 27.03
P/E (TTM) 25.47
Price/book 3.88
Dividend Yield (%) (Last Year) 1.96
Return on Average Assets (%) (TTM) 13.6
Return on Average Equity (%) (TTM) 16.5
EV/Revenues 5.74
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