Financial Results : AMAK profit surges to SAR 55.2M in Q1 2025

AMAK profit surges to SAR 55.2M in Q1 2025

28/04/2025 Argaam Exclusive

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Al Masane Al Kobra Mining Co. (AMAK) reported a surge in its Q1 2025 net profit to SAR 55.2 million, compared to SAR 15.1 million a year ago.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 134.50 219.77 63.4 %
Gross Income 35.01 83.95 139.8 %
Operating Income 17.87 68.12 281.2 %
Net Income 15.12 55.24 265.2 %
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (Riyal) 0.17 0.61 265.2 %
EPS (Riyal) 0.17 0.61 265.2 %

Higher revenues, boosted by improved sales volumes of zinc and the rise in copper, zinc, and gold prices, were the reasons for profit growth. This despite a decrease in copper production volumes due to a scheduled maintenance shutdown lasting five weeks.

 

Additionally, a SAR 49 million increase in gross profit was a result of higher sales and lower production costs, despite an increase in tax expenses and royalty fees.

 

In Q1 2025, AMAK’s net profit skyrocketed by 265.2% to SAR 55.24 million, from SAR 15.12 million in the year-before period.

 

Sequentially, net profit rose by 34.1% from SAR 41.2 million in Q4 2024.

 

Shareholders’ equity, no minority interest, stood at SAR 1.21 billion by the end of Q1 2025, from SAR 1.16 billion a year earlier.

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