Aug 07 2025
Riyadh, 7 August 2025 – Saudi Arabian Mining Company (Maaden), one of the world’s fastest-growing mining companies, announced its Q2 and H1 2025 results, highlighting strong financial performance, strategic progress, and operational resilience.
Maaden reported H1 2025 revenue of 17.93 billion, up 23% year-on-year (YoY), with EBITDA rising to 7.25 billion and net profit attributable to equity holders soaring by 73% to 3.47 billion. In Q2 alone, revenue reached 9.42 billion, driven by strong consolidated sales volumes and favorable commodity pricing. Net profit grew 24% quarter-over-quarter (QoQ) to 1.92 billion. Maaden maintained a solid balance sheet with 10.37 billion in cash and early repayment of 2.1 billion in debt.
Operationally, Maaden delivered record DAP production, and its Phosphate business secured a five-year agreement with major Indian fertilizer producers for 3.1 million MT annually. The company accelerated exploration efforts in Wadi Al Jaww, approved the Ar Rjum gold project, and fully acquired Alcoa’s 25.1% stake in Maaden Aluminum Company (MAC) and Maaden Bauxite and Alumina Company (MBAC), gaining full control of its aluminum assets.
Maaden also signed an MoU with MP Materials to explore a rare earth supply chain in Saudi Arabia and appointed Donovan Waller as CTO to drive digital transformation. Collaboration with Fleet Space Technologies was launched to enhance exploration through advanced geophysical methods.
In terms of segment performance:
Phosphate BU achieved 5.18B in Q2 revenue with record DAP output and strong pricing.
Aluminum BU delivered 5.26B in H1 revenue, with 24% growth in FRP sales volume YoY.
Base Metals & New Minerals BU posted 33% revenue growth, with gold prices averaging 3,094/oz in H1.
Looking ahead, Maaden reaffirmed its FY25 production and CAPEX guidance, targeting 7.55B– 9.55B in capital investments, with 70–75% focused on growth. Key projects like Phosphate 3 Phase 1 are progressing steadily, with full capacity expected by 2027.
CEO Bob Wilt stated:
“We delivered record operational results, fully consolidated our aluminum portfolio, and advanced key exploration and development projects. We remain committed to long-term value creation and establishing mining as the third pillar of the Saudi economy.”
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