Maaden's earnings soar 58% to SAR 1.55B in Q1 2025

06/05/2025 Argaam Exclusive

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Saudi Arabian Mining Co. (Maaden) posted net earnings of SAR 1.55 billion in Q1 2025, up 58% from SAR 981.7 million in the year before.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 7,348.23 8,510.91 15.8 %
Gross Income 2,413.32 3,191.37 32.2 %
Operating Income 1,856.34 2,280.26 22.8 %
Net Income 981.69 1,549.96 57.9 %
Average Shares 3,691.77 3,802.79 3.0 %
Earnings Per Share before unusual items (Riyals) 0.21 0.41 92.2 %
EPS (Riyals) 0.27 0.41 53.3 %

The annual profit rise was driven by a year-on-year (YoY) revenue increase of SAR 1.16 billion (16%) in Q1 2025. This was mainly due to higher selling prices for all products for the same quarter, paired with elevated sales volumes of all products except for primary aluminium and gold.

 

Further, the first-quarter gross profit jumped YoY by SAR 778 million (32%). Maaden also realized an increased share of net income from joint ventures and an associate, reduced finance costs, and lower net Zakat expenses, income taxes and franchise fees for the same period.

 

However, the annual profit hike was capped by higher operating expenses and weaker financing income for the first three months of this year.

 

Sequentially, Maaden turned to profits from a net loss of SAR 105.64 million in Q4 2024, despite the 15% quarterly drop in the first-quarter revenues.

 

Total shareholders’ equity, after minority interest, reached SAR 53.27 billion as of March 31, 2025, compared to SAR 47.37 billion in the corresponding period of 2024.

 

Attached Documents:

 

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Share Price

Saudi Arabian Mining Co.
51.10
0.10 0.20 %

Saudi Arabian Mining Co. (MAADEN)

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Financial Ratios
Current
Market Cap (M Riyal) 194,322.06
Enterprise Value (EV) (M) 223,385.71
Shares Outstanding ((M)) 3,802.78
EPS ( Riyal) (TTM) 0.90
Book Value (BV) ( Riyal) 14.01
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 43.49
P/E (TTM) 56.49
Price/book 3.65
Return on Average Assets (%) (TTM) 3.0
Return on Average Equity (%) (TTM) 4.1
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