RIYADH: Due to rising commodity prices, record production volumes, and a one-time bargain acquisition gain, Saudi mining and metals company Maaden reported a 156 percent increase in its net profit attributable to shareholders for 2025.
The state-backed company earned a net profit of SR7.35 billion ($1.95 billion) for the entire year 2025, an increase from SR2.87 billion in the previous year. The company’s revenue increased from SR32.55 billion in 2024 to SR38.58 billion, a 19% increase.
To harness the Kingdom’s projected $2.5 trillion in untapped mineral resources under Vision 2030, Saudi Arabia is stepping up efforts to strengthen its mining sector as a pillar of economic diversification, promoting private investment and international engagement.
Record phosphate production, near record aluminum production, and an increase in all three of Maaden’s main output commodity prices led performance,” the business said in a statement on Tadawul.
A 60% increase in gross profit, which reached SR14.79 billion, also contributed to the result. Maaden credited “higher commodity market prices for phosphate, aluminum, and gold business units” and greater sales volumes in its phosphate and aluminum segments for the top-line rise in its annual results statement. The slightly decreased sales volume in the gold unit helped to partially offset this.
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