The high profits of “metals” to 1.54 billion riyals in the first quarter of 2025

The profits of the Saudi Arabian Mining Company (Maaden) increased in the first quarter of 2025 by 57.9%, to 1.549 billion riyals, compared to 981.691 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the net profit increased during the current quarter by 568 million riyals (58%) compared to the same quarter of the previous year.
This is due to the increase in the total profit by 778 million riyals (32%), and the reason for this is mainly due to the high impact of the prices and volume of sales. In addition, the share of the share in the net profit of joint projects and the colleague of the colleague, the low cost of financing and the decrease in the net zakat expenses, income taxes and franchise fees positively in the net profit.
This increase in the net profit partially met the high operating expenses, low financing income and the positive impact to demand insurance for one time in the amount of 199 million riyals during the same quarter of the previous year.
The net profit increased during the current quarter by 1,656 million riyals compared to the previous quarter, due to the increase in the total profit by 952 million riyals (42%).
The reason for this is mainly due to the decrease in the non -cash value and one -time bearing of the capitalist assets of the rolling factory (as part of a “metal company for rolling”) and the fame belonging to “Meridien for Unified Investments Ltd.” the fertilizer distribution network for Maaden Company in Africa by 1,285 billion riyals and 159 million riyals, respectively during the previous quarter. This increase in the total profit is partially revenue.
The high net profit also supported low operational expenses and the height of the class in the net profit of joint projects and the colleague of the colleague. He met this increase in the net profit partially, the height of the net zakat expense, income taxes and franchise fees.