Maaden phosphate profit falls 55 percent: 11 analysts rate Maaden stock Neutral

Published on 10/12/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phosphate profit fell 55.00 percent to USD 271.00 million in the first half of 2026. Maaden stock has 11 analysts and Neutral consensus.

Key points in brief

Maaden's phosphate unit reported a 55.00 percent decline in first-half 2026 net profit to USD 271.00 million.
Aluminum revenue rose 49.00 percent to USD 1.01 billion in the second quarter of 2026.
Eleven analysts have a Neutral consensus, with results scheduled for November 3, 2026.
The Saudi Exchange price was SAR 61.55 on October 12, 2026, while market capitalization stood at SAR 238.9 billion.

Maaden, SA123GA0ITH7, Illustration mit AI erstellt.

Maaden's phosphate unit posted a 55.00 percent fall in first-half 2026 net profit to USD 271.00 million, according to AGBI on October 12, 2026. Investing.com lists 11 analysts with a Neutral consensus and a next earnings date of November 3, 2026.

Aluminum growth offsets phosphate weakness

Maaden's latest operating picture is split between stronger aluminum pricing and weaker phosphate output. The phosphate unit's half-year profit decline gives the stock a clear earnings counterweight as the company approaches its next results date.

AlCircle reported that aluminum revenue increased 49.00 percent year over year to USD 1.01 billion in the second quarter of 2026. Realized aluminum prices rose 51.00 percent to USD 3,915.00 per tonne, while production reached 242,000 tonnes.

Three dated operating signals

On September 22, 2026, Maaden's aluminum revenue was reported at USD 1.01 billion for the second quarter, up 49.00 percent year over year, while realized prices reached USD 3,915.00 per tonne, according to AlCircle. On October 9, 2026, Alulink cited the same second-quarter aluminum revenue of USD 1.01 billion and noted lower phosphate and ammonia production guidance.

On October 12, 2026, AGBI reported the phosphate unit's USD 271.00 million first-half net profit and the 55.00 percent decline. The sequence points to a portfolio mix in which aluminum pricing is supporting growth while phosphate volume and profitability remain the main pressure points.

What does the phosphate drop mean?

The 55.00 percent decline matters because it contrasts with the 49.00 percent aluminum revenue increase in the second quarter. AGBI also reported a 28.00 percent year-over-year and quarter-over-quarter decline in second-quarter diammonium phosphate production, making volume recovery an important test for the next report.

Results date and market value

Investing.com lists November 3, 2026 as Maaden's next earnings date. On October 12, 2026, Maaden stock was trading at SAR 61.55 on the Saudi Exchange at 11:18 a.m. AST. Its market capitalization was SAR 238.9 billion, and its 52-week range was SAR 54.90 to SAR 79.90.

Maaden operates across phosphate, aluminum, precious metals and base metals, so the latest figures present two distinct earnings drivers: aluminum price realization and phosphate production. The next report will show whether the USD 271.00 million first-half phosphate result is stabilizing while aluminum revenue remains at USD 1.01 billion.