Saudi mining giant Maaden reported a massive 156% jump in net profit for 2025, reaching nearly $2 billion this year. The state-backed leader benefited from higher commodity prices, record production volumes, and a strategic bargain purchase gain during the period.
The firm posted a net profit of SR7.35 billion, a significant increase from the SR2.87 billion recorded just last year, with total revenue surging by 19% to reach SR38.58 billion as the Kingdom continues to expand its vital industrial mining sector.
This growth aligns with Vision 2030 goals to unlock an estimated $2.5 trillion in untapped mineral resources across the country. Saudi Arabia views mining as a primary pillar of economic diversification to encourage international participation and massive private sector investment.
In a statement on Tadawul, the company said: “Performance was led by record phosphate production, near record aluminum production, an increase in all three of Maaden’s main output commodity prices.”
Operational Excellence and Production Records
Strong market prices for phosphate, aluminum, and gold drove the top-line growth despite slightly lower sales volumes in gold units. Maaden’s CEO, Bob Wilt, described 2025 as a transformative year defined by strategic growth and consistent operational excellence for everyone.
“This was a great year for Maaden’s strategic growth. We delivered strong financial results and sustained operational excellence across the business,” Wilt stated.
He further noted that production growth across all business units drove these results while maintaining a commitment to the economy. Wilt added: “This was driven by growth in production across all businesses, including record-breaking DAP volumes, disciplined cost control across and a clear commitment to our role as a cornerstone of the Saudi economy.”
Future Expansion and Modernization
The firm achieved a record phosphate production of 6.72 million tonnes, marking a 9% increase over the previous fiscal year. Additionally, Maaden successfully added 7.8 million ounces to its gold mineral resources through an intensive and highly successful exploration program.
Looking ahead, the company expects the pace of growth to accelerate as it advances the Phosphate 3 Phase 1 project. Wilt concluded, “This pace of growth will only accelerate… as we continue to grow production and implement technology that will further modernize, streamline and unlock value.”
