Financial Results : AMAK profit up 67% to SAR 128.3M in H1 2025; Q2 at SAR 73M

AMAK profit up 67% to SAR 128.3M in H1 2025; Q2 at SAR 73M

29/07/2025 Argaam Exclusive

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Almasane Alkobra Mining Co. (AMAK) reported a net profit of SAR 128.3 million in H1 2025, a rise of 67% from SAR 76.9 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 337.81 478.34 41.6 %
Gross Income 122.46 194.38 58.7 %
Operating Income 88.12 159.13 80.6 %
Net Income 76.94 128.29 66.7 %
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (Riyals) 0.85 1.43 66.7 %
EPS (Riyal) 0.85 1.43 66.7 %

AMAK attributed the profit increase for the six-month period, compared to the same period last year, to higher revenue driven by increased sales volumes of zinc and gold, along with higher prices for copper, zinc, and gold.

 

It also cited a decline in selling and marketing expenses as a contributing factor. This came despite lower copper sales volumes and a rise in general and administrative expenses, taxes, and royalty fees.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 203.31 258.56 27.2 %
Gross Income 87.45 110.43 26.3 %
Operating Income 70.25 91.02 29.6 %
Net Income 61.82 73.05 18.2 %
Average Shares 90.00 90.00 -
Earnings Per Share before unusual items (Riyal) 0.69 0.81 18.2 %
EPS (Riyal) 0.69 0.81 18.2 %

Q2 2025 net profit soared 18% to SAR 73 million from SAR 61.8 million in Q2 2024.

 

Sequentially, Q2 net profit surged 32.2% from SAR 55.24 million in Q1 2025.

 

Shareholders’ equity, no minority interest, stood at SAR 1.28 billion at the end of June 2025, compared to SAR 1.24 billion a year ago.

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