Maaden stock weighs a 55 percent phosphate profit drop against aluminum growth

Published on 10/08/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Maaden stock reflects a phosphate profit decline to USD 271 million on October 8, 2026. Aluminum revenue reached USD 1.01 billion in Q2 2026.

Maaden, SA123GA0ITH7, Illustration mit AI erstellt.

Maaden stock was trading at SAR 63.35 on the Saudi Exchange on October 8, 2026 at 10:00 a.m. AST, while the company's latest operating figures showed a sharp split between phosphate and aluminum. AGBI reported on October 8, 2026 that Maaden's phosphate unit posted a half-year net profit of USD 271 million, down 55 percent.

Phosphate pressure weighs on results

The phosphate weakness was not limited to earnings. According to AGBI, Maaden's second-quarter diammonium phosphate production dropped 28 percent year over year and 28 percent from the first quarter.

The same report said higher phosphate prices helped Maaden absorb increased shipping costs more effectively. That factor offers some protection, but the 55 percent profit decline and the 28 percent production drop leave volume execution as the key pressure point for the segment.

Aluminum delivers the counterweight

The aluminum division supplied the clearest growth figure in the latest company picture. AlCircle reported on October 7, 2026 that Q2 aluminum revenue rose 49 percent year over year to USD 1.01 billion.

Realized aluminum prices increased 51 percent to USD 3,915 per tonne, while production reached 242,000 tonnes in Q2 2026, according to AlCircle. The comparison indicates that pricing, rather than a major production increase, carried the aluminum revenue advance.

Consensus leaves limited upside

The analyst benchmark remains measured. AlCircle cited an 11-analyst consensus rating of Neutral, with an average 12-month price target of SAR 66.79, a high of SAR 80 and a low of SAR 46. The average target stands 5.4 percent above the SAR 63.35 price.

The next earnings report is scheduled for November 3, 2026, according to AlCircle. That date will test whether aluminum pricing can offset weaker phosphate and ammonia production trends.

Maaden stock stays below its yearly high

Maaden stock was last at SAR 63.35 on the Saudi Exchange on October 8, 2026 at 10:00 a.m. AST, with a 52-week range of SAR 54.90 to SAR 79.90. The price was 20.7 percent below the 52-week high, while market capitalization stood at SAR 245.9 billion and trading volume reached 17,110 shares.