Almasane Alkobra Mining Co. announces its Interim Financial results for the Period Ending on 30-06-2026 ( Six Months )

Net profit for the six-month period ending June 30, 2026, decreased by 26.1% year-on-year to SAR 94.8 million, while net profit for the second quarter fell 52.6% to SAR 34.7 million compared to the same period last year.
Total revenue for the first half of 2026 declined 4.8% to SAR 455.4 million, primarily due to lower sales volumes of copper, zinc, and gold following a temporary suspension of the Al Masane process plant in early 2026.
Profitability was pressured by a 40.6% year-on-year decline in quarterly gross profit and an increase in general and administrative expenses, which offset gains from higher market prices for copper, zinc, and silver.
Operations at the Al Masane base metals processing plant resumed on May 13, 2026, following the strategic suspension; despite the earnings drop, total shareholders' equity grew by 10.6% year-on-year to SAR 1.42 billion.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	236,966,964	258,563,288	-8.352	218,408,727	8.497
Gross Profit (Loss)	65,565,958	110,425,658	-40.624	87,805,151	-25.327
Operational Profit (Loss)	44,313,754	91,018,151	-51.313	72,144,147	-38.576
Net Profit (Loss) Attributable to Shareholders of the Issuer	34,657,788	73,047,621	-52.554	60,104,048	-42.337
Total Comprehensive Income Attributable to Shareholders of the Issuer	34,482,664	73,988,496	-53.394	60,282,918	-42.798
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	455,375,691	478,335,686	-4.799
Gross Profit (Loss)	153,371,109	194,380,121	-21.097
Operational Profit (Loss)	116,457,901	159,133,192	-26.817
Net Profit (Loss) Attributable to Shareholders of the Issuer	94,761,836	128,287,270	-26.133
Total Comprehensive Income Attributable to Shareholders of the Issuer	94,765,582	127,730,617	-25.808
Total Shareholders Equity (after Deducting Minority Equity)	1,420,842,524	1,284,349,414	10.627
Profit (Loss) per Share	1.07	1.45
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason for the decrease in revenues during the current quarter by SAR 22 million (8%) compared to the same quarter of the last year is decrease in the quantities sold for copper, zinc and gold, following the temporary suspension of the company’s Al Masane process plant, as announced on Tadawul on 22 January 2026, despite the increase in the prices for copper, zinc, silver and gold.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for decrease in net profit during the current quarter by SAR 38 million compared to the same quarter of the last year is decrease in gross profit by SAR 45 million and increase in general and administrative expenses, despite decrease in severance expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in revenues during the current quarter by SAR 19 million (8%) compared to the previous quarter is increase in the quantities sold and increase in prices for copper, zinc and silver, despite decrease in quantity sold and the prices for gold.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the decrease in net profit during the current quarter by SAR 25 million compared to the previous quarter is decrease in gross profit by SAR 22 million, the increase in general and administrative expenses and income tax expenses, despite decrease in severance expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for the decrease in revenues during the current period by SAR 23 million (5%) compared to the same period of the last year is decrease in the quantities sold for copper, zinc and gold, following the temporary suspension of the company’s Al Masane process plant, as announced on Tadawul on 22 January 2026, despite the increase in the prices for copper, zinc, silver and gold.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in net profit during the current period by SAR 34 million compared to the same period of the previous year is the decrease in gross profit by SAR 41 million and the increase in general and administrative expenses, despite the decrease in severance expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	N/A
Additional Information	Note: An announcement was published on 22 January 2026 regarding the temporary suspension of the Al Masane process plant, in line with the company’s 2026 business plan and will contribute to optimizing longer term ore production from the Saadah, Al Houra and Moyeath orebodies, collectively representing the Al Masane underground mining complex for base and precious metals The Company announced on 13 May 2026 the latest developments regarding the temporary suspension of the processing plant and the resumption of operations at Al Masane base metals processing plant (zinc and copper concentrates) on 13 May 2026. Earnings per share is calculated by dividing the net profit for the period by the weighted average number of ordinary shares outstanding during the period amounting to 88,560,562 shares (30-Jun-2025: 88,544,036 shares).