During Q2-2026, Maaden reported revenue of $2.9bn, an increase of 16% year-on-year (YoY), leading to an EBITDA of $1.0bn reflecting a 3% increase YoY, and net profit attributable to shareholders of $0.6bn.

Maaden’s project pipeline also remains strong. Phosphate 3 Phase 1 remains on schedule to start commissioning at the end of the year. First gold at Ar Rjum – the company’s newest gold mine – is expected by the end of 2028.

Bob Wilt, CEO, Maaden, said: “We have delivered a solid financial result in Q2. Despite challenges relating to sulfur supply and logistics in Phosphate, the Aluminum business delivered its best ever financial performance with a very strong performance from our gold business. I am extremely proud of our people and the way in which they have faced crisis head on to ensure the safety of each other and the continuity of our operations.”

“We will continue to focus on our people and the safety and performance of our operations, as we deliver on our customer commitments and deliver value to our shareholders in 2026 and beyond.”

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