Saudi Arabia: United Mining Industries expects a strong financial performance in the second half of 2025 compared to the first half, due to the planned start of commercial operations at its gypsum board plant by the end of October 2025. United Mining’s profit fell to US$2.7m in the first half of 2025 compared to US$3.2m in the same period of 2024.
CEO Hamad Alsourayia said that the company’s profit reduction in the first half of 2025 was due to an 18% drop in total revenues along with higher operating costs. Revenues decreased mainly due to weaker demand for value-added products amid a market slowdown, seasonal factors, and lower operating volumes in the first half of 2025. Alsourayia added that the change in the sales mix had an effect on average selling prices and profit margins since it led to less sales of value-added products, which, in turn, had an effect on average prices and margins.
