RIYADH, 6 November 2025 – Saudi Arabian Mining Company (“Maaden” or the “Company”, 1211 on the Saudi Exchange), one of the world’s fastest-growing mining companies, today reported its financial results for the third quarter (Q3) and nine-month (9M) period ended 30 September 2025.

YTD-FY25 FINANCIAL HIGHLIGHTS

• Revenue: Up 24% YoY to SAR 27.9 billion (9M-FY24: SAR 22.6 billion), driven by higher sales volumes and stronger commodity prices.

• EBITDA: Up 30% YoY to SAR 11.5 billion (9M-FY24: SAR 8.8 billion), supported by higher Phosphate and Aluminum FRP sales and strong pricing.

• Net Profit¹: SAR 5.7 billion (9M-FY24: SAR 3.0 billion), up 91% YoY, reflecting stronger EBITDA and lower finance, zakat, tax, and severance costs.

• Operating Cash Flow: SAR 8.0 billion²; Closing Cash Position: SAR 10.9 billion².

• Net Debt/EBITDA: Improved to 1.5x (end-FY24: 1.8x), remaining below target range.

¹ Attributable to equity holders of Maaden.
² Including time deposits and related impact.

OPERATIONAL AND STRATEGIC HIGHLIGHTS

• Maintained strong operational momentum with higher YoY production — Phosphate near record levels and robust Aluminum output.

• Phosphate 3 Phase 1 reached 50% completion; project remains on budget and on schedule for 2027 production.

• Ar Rjum Gold Project: EPCM contract awarded.

• Alcoa Acquisition: Completed purchase of 25.1% interest in MAC and MBAC on 1 July 2025, giving Maaden 100% ownership of both assets.

• Became the first Middle Eastern member of the International Council on Mining and Metals (ICMM), reinforcing Maaden’s commitment to responsible mining and global best practices.

CEO COMMENTARY – Bob Wilt, Maaden CEO

“We’ve powered through this quarter and 2025 with solid execution and strong momentum across every growth initiative.
Revenue increased 24% YoY to SAR 27.9 billion, with EBITDA up 30% to SAR 11.5 billion, and net profit reaching SAR 5.7 billion — a 91% YoY increase.

“Our operations remain steady with DAP production near record levels, aluminum output solid, and gold production increasing this quarter. Phosphate 3 Phase 1 has passed the halfway mark — on time and on budget — demonstrating our ability to deliver at scale. At Ar Rjum, we’ve awarded the EPCM contract and secured land in Al-Muwayh to support local communities and teams.

“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 organization. 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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