{
  "id": 19130669,
  "title": "Ma'aden reports 24% drop in Q3 2026 profits",
  "url": "https://urgent.news/2026/11/09/maaden-reports-24-drop-in-q3-2026-profits",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T09:12:41.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/business/udhfo2sv5"
  },
  "original_language": "en",
  "account": "Saudi mining company Ma aden announced a significant 24% drop in profits for the third quarter of 2026, reporting earnings of 1.68 billion riyals. The reduction was primarily due to increased costs in the phosphate business unit, resulting in a 30% decline in gross profit. Higher supply chain and raw material expenses, particularly rising sulfur costs, contributed to this decline. Operating profit fell by 46% to 1.56 billion riyals, while net profit decreased slightly by 3% to 5.49 billion riyals, compared to the same period a year earlier.",
  "summary": "Saudi mining giant Ma'aden saw third-quarter 2026 profits fall to 1.68 billion riyals, citing higher supply chain and phosphate raw material costs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}