Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) logged net profits attributable to the owners valued at SAR 1.63 billion in the first quarter (Q1) of 2026, up 5.53% from SAR 1.54 billion in Q1-25.
The revenues increased by 3.23% year-on-year (YoY) to SAR 8.78 billion in January-March 2026 from SAR 8.51 billion, according to the interim results.
Maaden registered earnings per share (EPS) of SAR 0.42 in Q1-26, versus SAR 0.41 a year earlier.
This growth reflects the strength of the company’s diversified portfolio and pricing resilience.
CEO of Maaden, Bob Wilt, said: “Maaden has started the year with solid, stable performance. We are clearly demonstrating the strength of our people and business. Our financial results, with $2.30 billion revenue and $964 million EBITDA, were driven by a resilient portfolio, combined with the initiative and expertise of our teams.”
Last year, Maaden witnessed 18.53% YoY higher revenues at SAR 38.57 billion, compared to SAR 32.54 billion.
