“Makek” profits jump 265.2% to 55 million riyals in the first quarter of 2025

The profits of the Great Factories for Mining (Makek) jumped in the first quarter of 2025, by 265.2%, an increase of 40 million riyals, to reach 55 million riyals, compared to 15 million riyals for the same quarter of the previous year.
(Makek) revealed in a statement via “Tadawul”, today, Monday, that the rise in net profit is due to the increase in the total profit of 49 million riyals, driven by the rise in sales and the decrease in production costs despite the high tax expenses and franchise fees.
The revenues (Makek) this quarter increased by 85 million riyals (63%) compared to the same quarter of the previous year.
This is due to the increase in the quantities of zinc and the high prices of copper, zinc and gold, despite the decrease in the quantities produced by copper as a result of the five -week periodic maintenance, which lasted.