Earnings release
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• • ss MAADEN MAADEN RELEASES SECOND QUARTER 2026 RESULTS Q2-2026 EBITDA of $ 1.0bn , up 3 % year on year ( YoY ) and revenue up 16 % YoY at $ 2.9bn . Best quarterly financial performance in Aluminum since inception • Gold production up 10 % YoY Phosphate 3 Phase 1 on schedule and due to come online by the end of the year . Riyadh , Saudi Arabia : 9 August 2026 Saudi Arabian Mining Company ( " Maaden ” or the " company " , 1211 on the Saudi Exchange ) today reported its financial results for the first half and second quarter of 2026 . 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 . " SUMMARY OF FINANCIAL RESULTS PHOSPHATE $ ( million ) Q2 - FY26 Q2 - FY25 Variance Revenue 1,365 1,382 ( 1 ) % Q1 - FY26 1,059 Variance 29 % EBITDA 328 645 ( 49 ) % 480 ( 32 ) % EBITDA margin 24 % 47 % ( 23 ) pp 45 % ( 21 ) pp Production volume ( kmt ) DAP 1,230 1,705 ( 28 ) % 1,713 ( 28 ) % Ammonia 267 747 ( 64 ) % 675 ( 60 ) % Avg . realized prices ( $ / mt ) DAP 863 677 28 % | 666 30 %