Maaden revenue increased 16 percent in the second quarter of 2026. Higher commodity prices and stronger sales supported the Saudi mining company.
Revenue reached SAR11 billion during the three months ending June 30. The figure marked a significant increase from the same quarter last year.
The company also reported stronger results across the first half of 2026. Half-year revenue increased 10 percent compared with the previous year.
Commodity prices played a major role in the company’s improved performance. Aluminium prices climbed 51 percent during the second quarter.
Gold prices also increased sharply during the same period. The precious metal recorded a 33 percent annual increase.
Ammonia prices delivered an even larger gain during the quarter. Prices for the commodity jumped 135 percent year over year.
Higher prices helped offset weaker phosphate sales during the quarter. The phosphate business faced challenges involving sulphur supplies and logistics.
Meanwhile, stronger aluminium sales supported the company’s overall performance. The aluminium division delivered its strongest financial results to date.
The gold business also recorded particularly strong results during the quarter. Increased sales volumes contributed to the company’s improved performance.
Maaden reported a 13 percent increase in net profit during the second quarter. Net profit also climbed 10 percent during the first half.
Several factors supported the improvement in profitability. Lower financing costs helped reduce pressure on the company’s expenses.
The company also received stronger contributions from equity-accounted investments. In addition, higher operating income supported the bottom line.
Earnings before interest, taxes, depreciation, and amortization also improved. EBITDA increased 3 percent to SAR3.9 billion during the quarter.
The results highlight the impact of stronger commodity markets on Saudi Arabia’s mining sector. They also show the benefits of diversified mineral operations.
Maaden continues to expand its mining and processing operations. Its project pipeline includes several major developments across Saudi Arabia.
The first phase of the company’s Phosphate 3 project remains on schedule. Maaden expects that phase to begin operations before the end of 2026.
The company also continues preparations for its Ar Rjum gold project. Management expects the mine to produce its first gold by late 2028.
Gold remains an important part of Maaden’s long-term expansion strategy. The company continues to develop new resources to increase future production.
Maaden has also outlined an ambitious investment programme for the coming decade. The company plans to invest about $110 billion.
That programme represents one of the largest investment plans in the company’s history. It aims to expand production across several mineral segments.
The company’s growth strategy extends beyond gold and aluminium. Maaden continues to develop phosphate, industrial minerals, and other resources.
Meanwhile, investors continue to monitor the company’s share performance. Maaden shares ended the latest trading session at SAR61.60.
The stock gained 1.9 percent during that session. Shares have also posted a smaller increase since the beginning of 2026.
The latest Maaden revenue figures show how commodity markets can influence mining earnings. Higher prices provided important support during the second quarter.
However, supply and logistics challenges remain important risks for the business. These pressures could affect some operations despite strong commodity prices.
The company’s expanding project pipeline could provide additional growth opportunities. New mines and processing facilities may increase production over time.
Maaden revenue also reflects the company’s growing exposure to gold and aluminium. Strong performance in those businesses helped balance weaker phosphate sales.
Overall, Maaden delivered stronger financial results during the second quarter. Higher commodity prices and improved sales supported revenue and profit growth.
The company now enters the second half with several major projects underway. Investors will continue watching commodity prices and project progress closely.
