Maaden stock follows 49 percent aluminum revenue growth

Published on 10/07/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Maaden stock was trading at SAR 64.20 on October 7, 2026, while Q2 aluminum revenue reached USD 1.01 billion. The 11-analyst consensus is Neutral.

Maaden, SA123GA0ITH7, Illustration mit AI erstellt.

Maaden stock (ISIN SA123GA0ITH7) was trading at SAR 64.20 on the Saudi Exchange on October 7, 2026, up 0.55 percent from the prior close of SAR 63.85. The key operating signal comes from aluminum, where revenue climbed 49 percent year over year to USD 1.01 billion in Q2 2026, according to AlCircle on September 22, 2026.

Aluminum revenue grows 49 percent

The aluminum division's realized price reached USD 3,915 per tonne in Q2 2026, an increase of 51 percent from the prior-year quarter, while the division produced 242,000 tonnes, according to AlCircle.

The combination of higher realized prices and stable output gives the aluminum business a larger role in Maaden's earnings profile. For investors, the comparison matters because the 49 percent revenue increase was accompanied by a 51 percent rise in realized pricing, rather than relying solely on volume growth.

Guidance adds a counterweight

Production expectations are less uniform across Maaden's portfolio. An Argaam analysis dated September 6, 2026, reported that Maaden revised down its 2026 phosphate and ammonia production guidance.

That contrast leaves aluminum as the clearest quantified growth driver in the latest company picture, while the revised guidance creates a separate execution issue for phosphate and ammonia. The stock's 52-week range of SAR 54.90 to SAR 79.90 places the October 7 price below the yearly high and above the low.

Consensus target stays above SAR 64.20

Investing.com lists a Neutral consensus from 11 analysts, with an average 12-month target of SAR 66.79, a high target of SAR 80 and a low target of SAR 46. The average target lies 4.0 percent above the SAR 64.20 price.

Investing.com also lists November 3, 2026, as Maaden's next earnings date. That report will show whether aluminum pricing strength is translating into broader earnings momentum while the lower phosphate and ammonia guidance remains part of the operating backdrop.

Maaden stock trades at SAR 64.20

Maaden stock was last at SAR 64.20 on the Saudi Exchange on October 7, 2026, at 10:38 a.m. AST, with a market capitalization of SAR 249.2 billion and volume of 105,526 shares.