Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) posted 73.09% year-on-year (YoY) higher net profits at SAR 3.47 billion in the first half (H1) of 2025, compared to SAR 2 billion.

The group achieved revenues amounting to SAR 17.92 billion as of 30 June 2025, up 23.35% from SAR 14.53 billion in H1-24, according to the financial results.

Additionally, the earnings per share (EPS) increased to SAR 0.91 from SAR 0.54.

Financial Results for Q2-25

Ma’aden recorded an annual leap of 87.67% in net profit to SAR 1.92 billion during the second quarter (Q2) of 2025, compared to SAR 1.04 billion.

In the three-month period that ended on 30 June 2025, the company’s revenues hit SAR 9.41 billion, up  31.06% YoY from SAR 7.18 billion.

Quarterly, the Q2-25 profits hiked by 23.99% from SAR 1.54 billion in Q1-25, while the revenues climbed by 10.63% from SAR 8.51 billion.

Bob Wilt, CEO of Ma’aden, commented: “During H1-25, we delivered the second highest first half EBIDTA, maintained strong momentum in our pursuit of operational excellence by setting record quarterly production in Phosphate, achieving ongoing exploration successes, advancing projects and building key partnerships.”