RIYADH: Saudi Arabian Mining Co., also known as Ma’aden, reported a net profit of SR5.67 billion ($1.51 billion) in the first nine months of 2025, up 91 percent from the same period a year earlier.
According to a company filing, total revenue climbed 24 percent year on year to SR27.9 billion, supported by higher prices and sales volumes across the phosphate, aluminum, and gold business units.
Ma’aden’s strong financial performance aligns with Saudi Arabia’s goal to establish mining as the third pillar of the Kingdom’s economy, with the country’s mineral wealth estimated at $2.5 trillion.
Commenting on the financial results, Bob Wilt, CEO of Ma’aden, said: “We’ve powered through this quarter, and 2025, with solid execution and good momentum across every growth initiative.”
He added: “Looking ahead, Maaden is well-primed to hit our 2025 goals at pace. We will continue to focus on strategic growth, drive our project pipeline, accelerate exploration and integrate pioneering technology at all levels of the organization.”
