Saudi Arabia · Delayed Price · Currency is SAR Saudi Arabian Mining Company (Maaden) Earnings Call Transcripts
Fiscal Year 2025
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Record revenue and EBITDA growth in 2025 driven by strong commodity prices and operational execution. Major investments in growth projects, improved balance sheet, and expanded exploration set the stage for continued expansion amid a supportive market and prudent financial management.
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Q1 2025 saw 16% revenue and EBITDA growth year-on-year, with net profit up 58%. Strategic acquisitions, strong operational execution, and robust commodity prices drove results. CapEx guidance was reduced, and the company remains on track for 2025 targets.
Fiscal Year 2024
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Record production and strong financials marked 2024, with revenue up 11% and EBITDA up 34% year-on-year. Strategic acquisitions, robust exploration, and disciplined CapEx position the company for continued growth in 2025, despite market and cost challenges.
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Reported strong nine-month results with EBITDA up 45% year-on-year to SAR 8.8 billion and net profit quadrupling to SAR 3 billion, driven by higher production, favorable pricing, and strategic aluminum transactions. Growth CapEx guidance for 2024 was revised down due to contracting delays.
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Net profit surged 160% year-on-year in H1 2024, driven by operational improvements and cost efficiencies, with strong performances in aluminum and gold. Major investments included the SAR 5 billion Vale Base Metals acquisition and ongoing expansion in phosphate and exploration.