Financial Results : Maaden profit soars to SAR 3.47B in H1 2025, SAR 1.92B in Q2

Maaden profit soars to SAR 3.47B in H1 2025, SAR 1.92B in Q2

07/08/2025 Argaam Exclusive

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Saudi Arabian Mining Co. (Maaden) reported a net profit of SAR 3.47 billion in H1 2025, compared to SAR 2.01 billion a year earlier.​



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 14,532.07 17,926.68 23.4 %
Gross Income 4,600.97 6,714.68 45.9 %
Operating Income 3,154.73 4,968.34 57.5 %
Net Income 2,005.71 3,471.80 73.1 %
Average Shares 3,691.77 3,845.77 4.2 %
Earnings Per Share before unusual items (Riyals) 0.42 0.90 117.1 %
EPS (Riyal) 0.54 0.90 66.2 %

Revenues increased by SAR 3.39 billion (23%) year-on-year (YoY), mainly due to higher commodity market prices for phosphate, aluminum and gold business units. Revenue was further increased due to higher sales volume for phosphate and aluminum business units. This increase in revenue was partially offset by lower sales volume for the gold business unit.

 

The company also cited higher sales prices and volumes. In addition, a higher share in net profit of joint ventures and an associate, reduced finance cost, as well as lower net Zakat, income tax and severance contributed positively to the H1 2025 earnings.

 

However, the company recorded higher operating expenses, including allowance for expected credit loss, lower finance income and the positive impact that one-off insurance claim of SAR 469 million had in the same period of the prior year.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 7,183.84 9,415.77 31.1 %
Gross Income 2,187.65 3,523.31 61.1 %
Operating Income 1,504.91 2,696.50 79.2 %
Net Income 1,024.02 1,921.84 87.7 %
Average Shares 3,691.77 3,845.77 4.2 %
Earnings Per Share before unusual items (Riyal) 0.20 0.50 145.2 %
EPS (Riyal) 0.28 0.50 80.2 %

The second-quarter net profit surged to SAR 1.92 billion, from SAR 1.02 billion in Q2 2024, mainly supported by higher revenues.

 

The net earnings in Q2 also leapt 24% from SAR 1.54 billion in Q1 2025.

 

Total shareholders’ equity, after minority interest, rose to SAR 57.37 billion as of June 30, 2025, from SAR 48.29 billion a year earlier.

 

Attached Documents:

 

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