MAADEN RELEASES THIRD QUARTER 2026 RESULTS

Riyadh, Saudi Arabia: 9 November 2026 - Saudi Arabian Mining Company (“Maaden” or the “company”, 1211 on the Saudi Exchange) today reported its financial results for the third quarter of 2026.

During Q3-2026, Maaden reported revenue of $3.0bn, an increase of 11% YoY, with EBITDA of $0.9bn reflecting a 24% decrease YoY, and net profit attributable to shareholders of $0.4bn.

Production in the Phosphate business improved to 1.6Mt of granulated product in the quarter as sulfur shortages experienced in Q2 were largely abated. However, record sulfur costs and the absence of ammonia export sales weighed on the business unit’s overall financial performance.

Bob Wilt, CEO, Maaden, said: "Our business performed well in the third quarter, in particular our Gold and Growth Metals and Aluminum business units, which both achieved record financial performance. In our Phosphate business unit, our team responded to a complex situation and restored granulated production to levels comparable to last year.” 

“We will continue to focus on our people, safety and the performance of our operations. As we head into the end of the year, we remain focused on creating sustainable and long-term shareholder value.”