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Saudi Arabian Mining Company (Maaden) reported third-quarter net profit down 23.7% year on year to $448.6 million, despite an 11.3% rise in revenue. Higher raw-material and logistics costs weighed on its phosphate business, while phosphate production recovered to 1.6 million tonnes of granulated products as sulfur shortages eased; the absence of ammonia export sales also hurt performance.
Higher sulfur and logistics costs can raise phosphate fertilizer production costs and potentially support DAP prices, though the report does not indicate a cut in production or a change in market supply. The recovery in output may limit that price pressure.
forbesmiddleeast.comKhadijah KhogeerNov 9, 2026After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
