Maaden has released its third quarter financial results for 2025.
Maaden reported a net profit of SAR 5.7 billion ($1.52 billion) for its third quarter, up 91% Year-on-Year (YoY).
For same quarter last year, the net profit was SAR 3 billion ($0.8M).
The results reflect a stronger EBITDA and lower finance, zakat, tax, and severance costs.
Additionally, EBITDA was up 30% YoY to SAR 11.5 billion ($3.1 billion), supported by higher phosphate and aluminium FRP sales and strong pricing.
For Q3 in 2024, EBITDA was SAR 8.8 billion ($2.3 billion).
CEO of Maaden, Bob Wilt, stated: “We’ve powered through this quarter and 2025 with solid execution and strong momentum across every growth initiative.
“Looking ahead, Maaden is primed to meet our 2025 goals with pace. We’ll continue driving strategic growth, advancing our project pipeline, accelerating exploration, and integrating technology across the organisation.
“As we enter our next growth phase, we’re building a sustainable, world-class company that supports Saudi Arabia’s Vision 2030 — delivering long-term value for our people and shareholders.”
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