{"id":76403,"date":"2025-04-29T10:34:15","date_gmt":"2025-04-29T07:34:15","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=76403"},"modified":"2025-04-29T10:34:16","modified_gmt":"2025-04-29T07:34:16","slug":"amak-achieves-record-growth-in-q1-2025","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2025\/04\/29\/amak-achieves-record-growth-in-q1-2025\/","title":{"rendered":"AMAK Achieves Record Growth in Q1 2025"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/amak.com.sa\/?page_id=1392&amp;lang=ar\">Almasane Alkobra Mining Company (AMAK)<\/a><\/strong>, one of Saudi Arabia\u2019s leading exploration and mining companies, is proud to announce record-breaking results for Q1 2025. These excellent results are a reflection of AMAK\u2019s strong financial management, operational excellence, strategic initiatives, and commitment to sustainability and workforce development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Q1 2025 Financial Performance Highlights<\/h2>\n\n\n\n<p><br>AMAK\u2019s financial performance in Q1 2025 has been exceptional, marking a significant leap from the same quarter of the previous year:<br>\u2022 Net Profit: SAR55.2 million, a 265 % increase compared to Q1 2024, achieving an annualized rate exceeding SAR200 million per annum<br>\u2022 Revenue: SAR219.7 million, a 63 % increase compared to Q1 2024<br>\u2022 Earnings Per Share (EPS): SAR0.62, compared to SAR0.17 in Q1 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Drivers of Growth<\/h2>\n\n\n\n<p><br>Several strategic and market factors contributed to AMAK\u2019s outstanding growth in Q1 2025:<br>\u2022 Rising commodity prices, particularly for copper, zinc, and gold<br>\u2022 Increased production and sales volumes across key operations compared to Q1 2024<br>\u2022 Enhanced operational efficiency and cost management<br>\u2022 Commissioning and successful operation of the new Moyeath process plant<\/p>\n\n\n\n<p>Operational Excellence Delivering Strong Financial Performance<br>Operational achievements were central to AMAK\u2019s record quarter (Q1 2025 vs Q1 2024):<\/p>\n\n\n\n<p>\u2022 The recently commissioned Moyeath process plant continues to operate at or above budget expectations in terms of throughput and recovery, generating SAR 69.8 million in revenue in Q1 2025<br>\u2022 Gross Profit: SAR48.9 million, up 140 % from Q1 2024 based on operational improvements and rigorous financial management<br>\u2022 Operating Profit: SAR50.2 million, reflecting a 281 % increase from Q1 2024<\/p>\n\n\n\n<p>Strategic Growth Initiatives<br>AMAK has made significant strides in securing future growth and expanding its resource base:<\/p>\n\n\n\n<p>Guyan Gold Mine is set to transition to underground mining in Q1 2026, with decline development on target and within budget<\/p>\n\n\n\n<p><br><strong>Steady progress on the Khutianah Gold Project and Nuham Iron Ore Project<\/strong><\/p>\n\n\n\n<p><strong><br><\/strong>Expansion of the company\u2019s resource base through ongoing acquisition of additional high-potential exploration leases. At the end of Q1 2025 AMAK holds 20 exploration licenses covering more than 1,500 km. Exploration drilling has commenced on priority targets within leases close to the existing processing facilities at Al Masane with ongoing additional target definition well underway. AMAK plans to invest approximately 4-5 times more in exploration in 2025 compared to 2024.<\/p>\n\n\n\n<p><br>The launch of an exploration drilling services subsidiary to enhance in-house exploration capabilities and provide high-quality exploration drilling services to the Kingdom\u2019s expanding minerals exploration market<\/p>\n\n\n\n<p><strong>Sustainability and Workforce Development<\/strong><\/p>\n\n\n\n<p><strong><br><\/strong>AMAK remains committed to sustainable growth and national workforce empowerment:<\/p>\n\n\n\n<p>Environmental initiatives include reducing diesel consumption and connecting facilities to the national electricity grid, and the roll-out of an improved water management strategy<\/p>\n\n\n\n<p>Saudization efforts now exceed the localization rate of in excess of 36%<\/p>\n\n\n\n<p>Continued investment in training and development programs aimed at building Saudi talent within the exploration and mining sector<br>Strategic collaboration with Saudi education and training institutions being advanced to further our efforts in this regard<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Future Outlook<\/h2>\n\n\n\n<p><br><strong>Looking ahead, AMAK plans to:<\/strong><\/p>\n\n\n\n<p>Continue investing in exploration and expansion projects for new mines throughout the Kingdom<\/p>\n\n\n\n<p>Strengthen its financial position to support long-term growth initiatives<\/p>\n\n\n\n<p>Align its strategic direction with the goals of Saudi Vision 2030, particularly in enhancing the mining sector\u2019s contribution to national development<\/p>\n\n\n\n<p>AMAK\u2019s strong performance in 2024 has continued into Q1 2025 and represents not just a milestone in its history, but a strong foundation for sustainable and diversified growth in the years to come<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almasane Alkobra Mining Company (AMAK), one of Saudi Arabia\u2019s leading exploration and mining companies, is proud to announce record-breaking results for Q1 2025. These excellent results are a reflection of AMAK\u2019s strong financial management, operational excellence, strategic initiatives, and commitment to sustainability and workforce development. Q1 2025 Financial Performance Highlights AMAK\u2019s financial performance in Q1 &hellip;<\/p>\n","protected":false},"author":2,"featured_media":76404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2249,842],"class_list":["post-76403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-almasane-alkobra-mining-company","tag-amak"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AMAK Achieves Record Growth in Q1 2025 - Gulf Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gulftech-news.com\/en\/2025\/04\/29\/amak-achieves-record-growth-in-q1-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMAK Achieves Record Growth in Q1 2025 - Gulf Tech News\" \/>\n<meta property=\"og:description\" content=\"Almasane Alkobra Mining Company (AMAK), one of Saudi Arabia\u2019s leading exploration and mining companies, is proud to announce record-breaking results for Q1 2025. 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