Al Masane Al Kobra Mining Company (AMAK) said its net profit fell 26% to SR154.31 million in the first nine months of 2026, from SR209.66 million a year earlier.
Revenue slipped 0.8% to SR743.10 million from SR749.39 million as sales volumes of zinc and gold fell, despite higher selling prices for copper, zinc, gold and silver, the Saudi miner said in results reported by Argaam.
Gross profit dropped 19% to SR256.21 million, and general and administrative expenses rose. Lower franchise fee expenses partly offset the decline.
Operating profit fell 26.4% to SR194.34 million.
Earnings per share were SR1.71, compared with SR2.33 a year earlier.
Third-quarter net profit fell 26.8% to SR59.55 million from SR81.37 million in the same quarter of 2025, as gross profit declined by SR19 million.
Quarterly revenue rose 6.1% to SR287.72 million from SR271.06 million.
Compared with the second quarter, net profit rose 71.8% from SR34.66 million.
Shareholders’ equity, excluding minority interests, stood at SR1.48 billion at the end of September, up from SR1.26 billion a year earlier.
