Maaden reports Q2 profits of 2.18 billion

Saudi Arabian Mining Company "Ma’aden" achieved a net profit of 2.175 billion SAR in the second quarter of 2026, a 13.19% increase compared to the same period of the previous year, and its profits grew by 32.98% compared to the previous quarter. Revenues also rose by 16.18% to 10.94 billion SAR in the second quarter, while the first half of the year's revenues reached 19.73 billion SAR, a 10% year-on-year increase. The rise in profits was driven by lower financing costs, increased share of profits from investments, and higher sales in the aluminum and gold divisions, despite rising cost of sales and operational expenses due to market conditions and supply chain challenges.

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