Net profits of the Arab Potash Company rose by 34 percent by the end of the third quarter of the current year, after provisions, income tax, and mining fees, reaching 169 million dinars, compared to 127 million dinars during the same period last year. According to the company's issued consolidated financial statements, operating profit from potash operations increased by 66 percent to 175 million dinars, compared to 105 million dinars in the corresponding period. Meanwhile, net revenues from potash sales grew by 16 percent, recording approximately 563 million dinars versus 488 million. The company’s investments in affiliated companies continued their positive performance, achieving investment income of about 41 million dinars, a 40 percent increase. Potash production volume reached approximately 2.19 million tons by the end of the third quarter, up 2 percent from 2.15 million tons in the previous period, while the company achieved a new sales record with total sales reaching about 2.25 million tons, compared to 2.18 million tons, reflecting 3 percent growth. As an indicator highlighting the company’s pivotal role in supporting the national economy, the company and its subsidiaries and affiliates contributed around 1.23 billion US dollars in foreign currency to the Jordanian banking system by the end of the third quarter, a 19 percent increase compared to 1.03 billion dollars recorded during the same period last year. The company's Chairman, Engineer Shihada Abu Hdeib, affirmed that the financial and operational results achieved by the end of the third quarter reflect the efficiency of long-term institutional planning and the company’s solid ability to achieve sustainable growth rates amid rapidly evolving geopolitical challenges. He noted that this strong performance reinforces the company’s strategic role as a key contributor to the national economy, enhances Jordan’s foreign currency reserves, and stimulates the investment and local manufacturing environment.
He pointed out that advancing capital projects strengthens Jordan’s competitiveness in the global mining sector, praising the relentless efforts of the executive management and all employees at production sites for their dedication in safeguarding the company’s achievements, protecting shareholders’ interests, and supporting comprehensive economic and social development. For his part, the company’s Chief Executive Officer, Dr. Maen Nsour, explained that the noticeable rise in profits and operating revenues reflects the success of marketing strategies in maximizing returns through calculated expansion into high-profit niche markets, while reinforcing historical export shares in major traditional markets. He added that efficient management of production efficiency and supply chains, along with the adoption of alternative shipping solutions amid difficult geopolitical conditions, enabled the company to overcome fluctuations and challenges in maritime shipping and fully meet all its contractual obligations across various markets and regions.
