# Maaden's Third Quarter Net Profit Declines 23.7% Amid Higher Raw Materials Cost

> 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.

- Date: 2026-11-09 · published 2026-11-09T12:12:55.731Z
- Category: report · region Saudi Arabia · magnitude low
- Page: https://feedsoft.ai/events/89396-maaden-s-third-quarter-net-profit-declines-23-7-amid-higher-raw-materials-cost
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-03-24 | [Morocco: Decline in Phosphate Sales - The Maghreb Times !](https://feedsoft.ai/events/37185-morocco-decline-in-phosphate-sales-the-maghreb-times.md) | +0.8% | +4.1% |
| DAP | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | -2.6% | -2.2% |
| DAP | 2022-09-29 | [Fertilizer Prices Remain “Considerably Higher” Than Last Year, as Hurricane Ian Could Worsen Outlook \| Farm Policy News \| Illinois](https://feedsoft.ai/events/11905-fertilizer-prices-remain-considerably-higher-than-last-year-as-hurricane-ian.md) | -3.3% | -2.2% |
| DAP | 2022-06-01 | [Stagnant Retail Fertilizer Prices Hover Near Record Highs](https://feedsoft.ai/events/41256-stagnant-retail-fertilizer-prices-hover-near-record-highs.md) | -1.6% | +3.0% |
| DAP | 2021-04-20 | [1Q 2021 Operating Results: PhosAgro Reports 40% Quarter-on-Quarter Increase in Fertilizer Sales to 2.9 Million Tonnes](https://feedsoft.ai/events/47923-1q-2021-operating-results-phosagro-reports-40-quarter-on-quarter-increase-in.md) | -0.3% | +6.6% |

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/industry/business/maadens-third-quarter-net-profit-declines-237-amid-higher-raw-materials-cost

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.