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Saudi Arabian Mining Company (Ma’aden) announces its Interim Financial Results for the Period Ending on 30-09-2021 (Nine Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 6,698,517,1034,659,154,26543.7716,101,453,1199.785
Gross Profit (Loss) 2,267,276,784668,409,245239.2042,056,799,20710.233
Operational Profit (Loss) 1,872,990,918249,528,715650.6111,612,089,66016.184
Net Profit (Loss) after Zakat and Tax 1,271,851,4106,472,90019,548.8651,104,516,72215.15
Total Comprehensive Income 1,270,132,08943,420,2122,825.2091,137,952,99111.615
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 18,249,736,34313,030,726,85540.051
Gross Profit (Loss) 5,760,472,1521,244,158,606363.001
Operational Profit (Loss) 4,532,060,933-33,124,764-
Net Profit (Loss) after Zakat and Tax 3,137,523,887-780,926,560-
Total Comprehensive Income 3,203,343,365-983,634,126-
Total Share Holders Equity (after Deducting Minority Equity) 33,436,165,66629,656,975,64212.743
Profit (Loss) per Share 2.55-0.63
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reasons for the increase in net profit during the current quarter compared to the same quarter of the last year are:

• Higher average realized sales prices of all products except gold.

• Higher share in net profit of joint ventures attributable to Ma’aden and higher other income.

• Lower costs (selling, marketing and logistic expenses by 3%, general and administrative expenses by 6%, exploration and technical services expenses by 14% and finance cost by 11%).

This increase is partially offset by:

• Lower sales volume of all products except alumina and Meridian sales.

• Higher cost of sales by 11% and higher zakat and income tax expense by 154%.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reasons for the increase in net profit during the current quarter compared to the previous quarter are:

• Higher average realized sales prices of all products except alumina and gold.

• Higher sales volume except ammonia phosphate fertilizer, flat rolled products and gold.

• Lower costs (selling, marketing and logistic expenses by 18%, general and administrative expenses by 9%, and zakat and income tax expense by 10%).

This increase is partially offset by:

• Lower share in net profit of joint ventures attributable to Ma’aden.

• Higher cost of sales by 10% and higher exploration and technical services expenses by 3%.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reasons for the increase in net profit during the current period compared to the same period of the last year are:

• Higher average realized sales prices of all products.

• Higher share in net profit of joint ventures attributable to Ma’aden and higher other income.

• Lower costs (general and administrative expenses by 5%, exploration and technical services expenses by 30% and finance cost by 35%).

This increase is partially offset by:

• Lower sales volume except alumina, primary aluminum, flat rolled products and Meridian sales.

• Lower income from time deposits.

• Higher costs (cost of sales by 6%, selling, marketing and logistic expenses by 10% and zakat and income tax expense by 256%).

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A

The Capital Market Authority and the Saudi Stock 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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