Riyadh – Mubasher: Almasane Alkobra Mining Company (AMAK) registered a 52.55% year-on-year (YoY) decline in net profit during the second quarter (Q2) of 2026, with earnings falling to SAR 34.66 million from SAR 73.05 million in Q2-25.
The mining firm attributed the downturn to a temporary suspension of its processing plant, which led to lower sales volumes for copper, zinc, and gold despite higher market prices for these metals.
Revenue reached SAR 236.97 million in April-June 2026, representing an 8.35% decrease compared to SAR 258.56 million a year earlier.
Operating profit for the Q2-26 period fell 51.31% to SAR 44.31 million, according to a bourse filing.
AMAK noted that while the processing plant resumed operations on 13 May 2026, the earlier shutdown and increased general and administrative expenses weighed heavily on the quarterly results.
For the first half (H1) of 2026, net profit of AMAK reached SAR 94.76 million, down 26.13% from SAR 128.29 million in H1-25.
Half-year revenue totaled SAR 455.38 million, which signaled a 4.80% decline from the SAR 478.34 million recorded in the H1-25 period.
Earnings per share (EPS) for the six-month period stood at SAR 1.07, compared to SAR 1.45 in H1-25.
Furthermore, total shareholders' equity increased by 10.63% to SAR 1.42 billion.
In Q1-26, the listed entity AMAK achieved SAR 60.10 million in net income in addition to revenue of SAR 218.40 million.
