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Maaden Q2 profit reaches 2.18bn Riyals
Saudi Arabian Mining Company "Ma'aden" achieved a net profit of 2.175 billion riyals in the second quarter of 2026, representing a 13.19% increase compared to the same period last year. This reflects a rise in operating revenues by 16.18% to 10.94 billion riyals for the quarter. Gross profit was affected by higher sales costs, particularly in the phosphate segment, but aligned with increased sales in the aluminum and gold divisions. On a semi-annual basis, the company's profits increased by 9.77% to 3.811 billion riyals, after recording revenues of 19.73 billion riyals, demonstrating growth in profits and operations despite market challenges.
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