Saudi Arabian Mining Co. — Earnings Release 2021

Feb 27, 2022

Saudi Arabian Mining Company (Ma’aden) announces its Annual Financial Results for the year Ended on 31-12-2021

1211 · 27/02/2022 09:13:59 · Announcement #66858 · View on Saudi Exchange

Saudi Arabian Mining Company (Ma’aden) announces its Annual Financial Results for the year Ended on 31-12-2021

Element List	Current Year	Previous Year	%Change
Sales/Revenue	26,769,006,109	18,579,823,261	44.075
Gross Profit (Loss)	9,154,668,071	2,566,994,757	256.629
Operational Profit (Loss)	7,413,643,935	810,594,691	814.593
Net Profit (Loss) after Zakat and Tax	5,227,700,464	-208,980,874	-
Total Comprehensive Income	5,351,327,367	-383,390,676	-
Total Share Holders Equity (after Deducting Minority Equity)	35,651,254,463	30,251,637,885	17.849
Profit (Loss) per Share	4.25	-0.17
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reasons for the increase in net profit during the current year compared to the last year are:

• Higher average realized sales prices of all products except industrial mineral products;

• Higher net profit of joint ventures attributable to Ma’aden and

• Lower costs (general and administrative expenses by 3%, exploration and technical services expenses by 30% and finance cost by 27%)

This increase in net profit is partially offset by:

• Lower sales volume of ammonia, gold and flat rolled products;

• Lower income from time deposits and

• Higher costs (cost of sales by 10%, selling, marketing and logistic expenses by 15% and zakat and income tax expense by 191%) Statement of the type of external auditor's report Unmodified opinion Reclassification of Comparison Items N/A

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