AMAK Reports 67% Rise in H1 2025 Net Profit to SAR 128.3 Million

Records Highest-Ever Quarterly Profit in Q2 2025

Jeddah, Saudi Arabia – July 29, 2025
Al Masane Al Kobra Mining Company (AMAK, Tadawul: 1322) announced its financial results for the first half of 2025, recording a net profit of SAR 128.3 million, a 67% increase compared to SAR 76.9 million in H1 2024. Earnings per share climbed to SAR 1.45, up from SAR 0.87.

🔹 Revenue Surge
Total revenue rose 42% year-on-year to SAR 478.3 million, driven by higher sales volumes of zinc (+9%) and gold (+17%), alongside a sharp rise in average gold prices (+56%), and reduced base metal treatment charges.

🔹 Profit Milestone
In Q2 2025, AMAK posted SAR 73 million in net profit – its highest quarterly profit ever – reflecting strong gold sales and favorable market conditions. Revenue reached SAR 258.6 million, up 18% from Q1.

🔹 Operational Strength
Gross profit jumped 59% to SAR 194.4 million. Lower selling and finance costs helped offset a rise in general and administrative expenses. Operating cash flow stood at SAR 112 million, and capital expenditure dropped to SAR 22.3 million (vs. SAR 97.1 million in H1 2024) after completing the Almasane Mine expansion (Moyeath plant).

📌 CEO Geoffrey Day commented:
"Our H1 results reflect strong operational performance and strategic clarity. We’ve leveraged improved commodity markets, kept cost discipline, and sustained production momentum. With our new growth strategy underway, 2025 is shaping up to be a landmark year for AMAK."

🔹 Strategic Alignment with Vision 2030
The company reaffirmed its focus on value-driven growth, capacity expansion, and a bold exploration plan for H2. AMAK’s roadmap is aligned with Saudi Arabia’s Vision 2030, contributing to economic diversification, job creation, and the development of a globally competitive mining sector.