Maaden aluminium revenue jumps 49% to $1.01 billion in Q2 2026

Maaden’s aluminium business delivered a stronger Q2 2026 performance, with revenue rising 49 per cent year on year to USD 1.01 billion, supported by higher aluminium production and stronger realised prices.

According to industry sources, Maaden’s aluminium business produced 242,000 tonnes in Q2 2026, while realised aluminium prices reached USD 3,915 per tonne, up 51 per cent.

The combination of higher aluminium output and stronger realised prices helped drive the 49 per cent increase in Maaden aluminium revenue to USD 1.01 billion. The growth came alongside gains in both volume and pricing rather than from a one-off accounting effect.

The stronger Q2 performance puts aluminium prices in focus for Maaden’s earnings. With realised aluminium prices reaching USD 3,915 per tonne, the company remains exposed to movements in the aluminium market as well as its ability to maintain production discipline.

Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook”

Maaden stock and Saudi market

Maaden stock closed at SAR 62.90 (USD 16.77) on September 20, 2026, gaining 1.45 per cent during the session, with 544,684 shares changing hands on Tadawul. The company had a market capitalisation of SAR 244.6 billion (USD 65.23 billion).

The wider Saudi market was weaker during the same period. The Tadawul All Share Index stood at 10,749.51 on September 20 after falling 0.26 per cent, while total market capitalisation reached SAR 9.37 trillion (USD 2.50 trillion) and traded value stood at SAR 2.61 billion (USD 696 million), according to the Saudi Exchange.

 Maaden was among the names tracked in the Saudi Exchange market universe on September 22, although the available exchange calendar did not show a future results date for the comp         

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