Saudi Arabian Mining Company (Maaden) announces its interim financial results for the period ended 30-09-2025 (Nine months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 10,011,321,916 | 8,044,911,493 | 24.442 | 9,415,768,138 | 6.325 |
| Gross Profit (Loss) | 3,958,041,620 | 2,403,329,729 | 64.689 | 3,523,313,504 | 12.338 |
| Operational Profit (Loss) | 2,936,424,709 | 1,673,537,154 | 75.462 | 2,559,907,661 | 14.708 |
| Net profit (Loss) | 2,205,129,755 | 971,482,129 | 126.986 | 1,921,838,089 | 14.74 |
| Total Comprehensive Income | 2,421,366,508 | 968,671,935 | 149.967 | 2,135,024,899 | 13.411 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 27,938,003,742 | 22,576,976,919 | 23.745 |
| Gross Profit (Loss) | 10,672,724,176 | 7,004,303,124 | 52.373 |
| Operational Profit (Loss) | 7,776,591,523 | 5,303,852,261 | 46.621 |
| Net profit (Loss) | 5,676,929,171 | 2,977,188,750 | 90.68 |
| Total Comprehensive Income | 5,511,309,063 | 2,867,846,780 | 92.175 |
| Total Shareholders Equity (after Deducting Minority Equity) | 59,821,111,862 | 49,152,577,064 | 21.704 |
| Profit (Loss) per Share | 1.48 | 0.81 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue during the current quarter increased by SAR 1,966 million (24%) compared to the same quarter of the prior year, 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, aluminum and gold business units. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for the current quarter increased by SAR 1,234 million (127%) compared to the same quarter of the prior year, due to higher gross profit by SAR 1,555 million (65%), driven by higher sales prices and volumes effect. In addition, higher share in net profit of joint ventures and an associate, and reduced finance cost also contributed positively to the net profit.
This increase in net profit was partially offset by higher operating expenses, lower finance income, higher net zakat, income tax and severance, and the positive impact that one-off insurance claim of SAR 94 million had in the same quarter of the prior year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue during the current quarter increased by SAR 596 million (6%) compared to the previous quarter, mainly due to higher commodity market prices for phosphate, aluminum and gold business units. Revenue was further increased due to higher sales volume for aluminum business unit. This increase in revenue was partially offset by lower sales volumes for phosphate and gold business units. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit for the current quarter increased by SAR 283 million (15%) compared to the previous quarter, due to higher gross profit by SAR 435 million (12%) mainly as a result of higher sales prices and volumes effect. In addition, reduced finance cost contributed positively to the net profit.
This increase in net profit was partially offset by higher operating expenses, lower finance income, lower share in net profit of joint ventures and an associate and higher net zakat, income tax and severance. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue during the current period increased by SAR 5,361 million (24%) compared to the same period of the last year, 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 slightly lower sales volume for gold business unit. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit for the current period increased by SAR 2,700 million (91%) compared to the same period of the last year, due to higher gross profit by SAR 3,668 million (52%) mainly as a result of higher sales prices and volumes effect. In addition, higher share in net profit of joint ventures and an associate, reduced finance cost, and lower net zakat, income tax and severance contributed positively to the net profit.
This increase in net profit was partially offset by higher operating expenses, lower finance income and the positive impact that one-off insurance claim of SAR 563 million had in the same period of the prior year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Other matter paragraph mentioned in external auditor’s report:
The consolidated financial statements of the Group for the year ended 31 December 2024 and the interim financial information for the three-month and nine-month periods ended 30 September 2024 were audited and reviewed respectively by another auditor who expressed an unmodified opinion on those statements and an unmodified conclusion on that information on 9 Ramadan 1446H (corresponding to 9 March 2025) and 4 Jumada Al-Awwal 1446H (corresponding to 6 November 2024) respectively. |
| Reclassification of Comparison Items | N/A |
| Additional Information | - |
| Attached Documents |  |
Comments