Saudi Arabian Mining Company (Maaden) has closed the books on what its chief executive described as a milestone year, reporting full-year 2025 results that saw net profit attributable to shareholders surge 156 percent to $2.0 billion — equivalent to approximately SAR 7.35 billion. Revenue for the year reached $10.3 billion, up 19 percent year-on-year, while EBITDA climbed 30 percent to $4.3 billion, reflecting the combined effect of record production volumes, higher commodity prices, and the full-year consolidation of Alba, the aluminium company in which Maaden holds a significant stake.
Record Phosphate and Near-Record Aluminium Output Drive the Numbers
The performance was anchored by a landmark year in phosphate output, with Maaden achieving record DAP — diammonium phosphate — volumes that positioned the company among the most productive phosphate producers globally. Aluminium production came in close to record levels, supported by the first full-year contribution from Alba, which added $0.3 billion to the group result including a one-off bargain purchase gain of $0.2 billion recorded in the fourth quarter. The fourth quarter alone generated revenue of $2.8 billion and EBITDA of $1.2 billion, both up meaningfully year-on-year, with net profit of $0.5 billion compared to a loss of $28 million in the same period of 2024.
CEO Points to Accelerating Growth Ahead
Bob Wilt, Chief Executive Officer of Maaden, said the results demonstrated the company’s ability to deliver strong financial performance while advancing its strategic growth agenda. Highlighting record-breaking production volumes, disciplined cost control, and the company’s role as a cornerstone of the Saudi economy, Wilt indicated that the pace of growth is set to accelerate further as exploration programmes expand and technology investments unlock additional value across the business. Maaden has also been building out its gold resources pipeline, adding over seven million ounces of new gold resources through discovery and development in early 2026, while engineering firm Hatch was selected as a key partner to accelerate mining development across the Kingdom.
A Pillar of Saudi Arabia’s Minerals Strategy
Maaden’s 2025 results sit within the broader context of Saudi Arabia’s ambition to become a global mining powerhouse. With an investment programme targeting $110 billion and plans to triple phosphate and gold operations while doubling aluminium capacity, the company is central to the Kingdom’s Vision 2030 goal of diversifying revenue streams beyond hydrocarbons. CEO Bob Wilt’s appearance at the 2026 Future Minerals Forum in Riyadh underlined Maaden’s intent to position the Kingdom as a world champion in critical minerals — a sector that is becoming increasingly strategic in the context of global energy transition and supply chain realignment.
