Ma'aden Aluminium Sees Q2 2026 Revenue Surge 49%, EBITDA Doubles Amid Strong Pricing

Published: Aug 18, 2026 10:02

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[SMM Aluminum Express News] Ma’aden’s Aluminium business reported Q2 2026 revenue of approximately US$1.01 billion, up 49% year on year, while EBITDA more than doubled to US$411 million, giving the segment an EBITDA margin of around 41%. The improvement was primarily driven by stronger aluminum pricing, with the average realised price reaching US$3,915/tonne, up 51% year on year, despite aluminum production declining slightly to around 242,000 tonnes during the quarter. Ma’aden expects aluminum market fundamentals to remain supportive, forecasting a global aluminum deficit of approximately 1.7 million tonnes for the remainder of 2026.

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