StocksMedium•9 November 2026•
1 min read
Maaden Q3 Revenue Rises 11% Amid Phosphate Cost Pressures
Key Facts
1Maaden's Q3 revenue rose 11% year-on-year, while EBITDA fell by 24%.
2The company achieved record production levels in aluminum and gold during the period.
3Maaden reduced its capital expenditure guidance by $1 billion.
Maaden's Q3 2026 revenue rose 11% year-on-year, while EBITDA fell by 24% during the same period. TradingView reported that the company achieved record production levels in its aluminum and gold segments and reduced its capital expenditure guidance by $1 billion.
The decline in EBITDA was driven by pressure from sulfur costs and a lack of ammonia exports in the phosphate division, despite strong performance in other metals. These results highlight a period of revenue growth supported by record output, even as the company manages margin pressures through reduced capex guidance.