# Ma’aden revenue rises 11% as phosphate costs pressure earnings

> Saudi Arabian Mining Company (Ma’aden) reported third-quarter revenue up 11.3% year over year to SAR11.14 billion, while net profit fell 23.7% to SAR1.68 billion. Higher raw-material costs, record sulfur prices and weaker phosphate margins weighed on earnings, although stronger aluminium and gold performance partly offset the pressure.

- Date: 2026-11-10 · published 2026-11-10T12:12:15.039Z
- Category: market · region Saudi Arabia · magnitude low
- Page: https://feedsoft.ai/events/91648-ma-aden-revenue-rises-11-as-phosphate-costs-pressure-earnings
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Record sulfur costs raise phosphate production expenses and can constrain fertilizer output, lending support to phosphate fertilizer prices. The impact is meaningful but the report describes company earnings rather than a new supply disruption.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- brentdesk.com: https://brentdesk.com/mining/maaden-reports-higher-revenue-as-third-quarter-profit-declines

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