Ma'aden Aluminum Sees Record Q2 2026 Earnings, Revenue Up 49% Amid Strong Pricing

Published: Aug 11, 2026 15:02

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[SMM Aluminum Express News] Ma’aden’s aluminum business delivered its best quarterly financial performance since inception in Q2 2026, with revenue rising 49% year on year to US$1.01 billion and EBITDA more than doubling to US$411 million, representing a 41% margin. The improvement was mainly driven by higher pricing, with average realized aluminum prices increasing 51% to US$3,915/tonne, despite production edging lower to 242,000 tonnes. Ma’aden expects aluminum market fundamentals to remain supportive, citing an estimated global market deficit of around 1.7 million tonnes for the remainder of 2026. The company noted that aluminum prices began moderating toward the end of Q2 but expects the supply deficit to continue supporting near-term pricing, while maintaining a favorable medium- to long-term outlook.

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