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Saudi Arabian Mining Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 9,415,768,138 | 7,183,839,715 | 31.068 | 8,510,913,688 | 10.631 |
| Gross Profit (Loss) | 3,523,313,504 | 2,187,649,622 | 61.054 | 3,191,369,052 | 10.401 |
| Operational Profit (Loss) | 2,559,907,661 | 1,773,975,843 | 44.303 | 2,280,259,153 | 12.263 |
| Net profit (Loss) | 1,921,838,089 | 1,024,015,307 | 87.676 | 1,549,961,327 | 23.992 |
| Total Comprehensive Income | 2,135,024,899 | 972,111,019 | 119.627 | 954,917,656 | 123.582 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 17,926,681,826 | 14,532,065,426 | 23.359 |
| Gross Profit (Loss) | 6,714,682,556 | 4,600,973,395 | 45.94 |
| Operational Profit (Loss) | 4,840,166,814 | 3,630,315,107 | 33.326 |
| Net profit (Loss) | 3,471,799,416 | 2,005,706,621 | 73.096 |
| Total Comprehensive Income | 3,089,942,555 | 1,899,174,845 | 62.699 |
| Total Shareholders Equity (after Deducting Minority Equity) | 57,375,082,174 | 48,294,122,053 | 18.803 |
| Profit (Loss) per Share | 0.91 | 0.54 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue during the current quarter increased by SAR 2,232 million (31%) compared to the same quarter of the prior year, mainly due to higher commodity market prices for phosphate, aluminum and gold business units. Revenue was further increased due to higher sales volume for phosphate and gold business units. This increase in revenue was partially offset by slightly lower sales volumes for aluminum business unit. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for the current quarter increased by SAR 898 million (88%) compared to the same quarter of the prior year, due to higher gross profit by SAR 1,336 million (61%) mainly as a result of higher sales prices and volumes effect. In addition, higher share in net profit of joint ventures and an associate, reduced finance cost, and lower net zakat, income tax and severance contributed positively to the net profit. This increase in net profit was partially offset by higher operating expenses including allowance for expected credit loss, and the positive impact that one-off insurance claim of SAR 270 million had in the same quarter of the prior year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue during the current quarter increased by SAR 905 million (11%) compared to the previous quarter, mainly due to higher sales volume for phosphate, aluminum and gold business units. Revenue was further increased due to higher commodity market prices for phosphate and gold business units. This increase in revenue was partially offset by lower commodity market prices for aluminum business unit. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit for the current quarter increased by SAR 372 million (24%) compared to the previous quarter, due to higher gross profit by SAR 332 million (10%) mainly as a result of higher sales prices and volumes effect. In addition, higher share in net profit of joint ventures and an associate, reduced finance cost, and lower net zakat, income tax and severance contributed positively to the net profit. This increase in net profit was partially offset by higher operating expenses including allowance for expected credit loss. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue during the current period increased by SAR 3,395 million (23%) compared to the same period of the last year, mainly due to higher commodity market prices for phosphate, aluminum and gold business units. Revenue was further increased due to higher sales volume for phosphate and aluminum business units. This increase in revenue was partially offset by lower sales volume for gold business unit. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit for the current period increased by SAR 1,466 million (73%) compared to the same period of the last year, due to higher gross profit by SAR 2,114 million (46%) mainly as a result of higher sales prices and volumes effect. In addition, higher share in net profit of joint ventures and an associate, reduced finance cost, and lower net zakat, income tax and severance contributed positively to the net profit. This increase in net profit was partially offset by higher operating expenses including allowance for expected credit loss, lower finance income and the positive impact that one-off insurance claim of SAR 469 million had in the same period of the prior year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Other matter paragraph mentioned in external auditor’s report: The consolidated financial statements of the Group for the year ended 31 December 2024 and the interim financial information for the three-month and six-month periods ended 30 June 2024 were audited and reviewed respectively by another auditor who expressed an unmodified opinion on those statements and an unmodified conclusion on that information on 9 Ramadan 1446H (corresponding to 9 March 2025) and 4 Safar 1446H (corresponding to 8 August 2024) respectively. |
| Reclassification of Comparison Items | N/A |
| Additional Information | N/A |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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