Amman: The Arab Potash Company (APC) reported strong financial and operational performance in the first quarter of 2026, driven by solid revenue growth and improved operational efficiency, as it continued to navigate regional challenges affecting shipping patterns and supply chains. Net profit after tax, provisions, and mining fees rose to more than JD60 million ($84.6 million) in the first quarter, up 28% from JD46.9 million in the same period last year, the company said.
According to Jordan News Agency, operating profit from potash operations surged 88% to JD82.5 million, compared with JD43.8 million a year earlier. Consolidated net sales revenue increased 28% to JD206 million from JD161 million, highlighting improved operational performance and efficiency. On the investment front, the company's stakes in affiliated firms supported profitability, contributing around 10 million dinars in earnings by the end of the first quarter.
The performance came despite regional logistical challenges stemming from geopolitical conditions that have complicated trade flows and supply chains, particularly across key maritime routes. The company expanded its reliance on flexible logistics solutions, including diversifying shipping methods, to ensure export continuity and meet commitments to global markets.
Chairman Shehadeh Abu Hdaib said the first-quarter results reflected the strength of the company's strategic approach. He said the marked growth in sales revenue and operating profit demonstrated the company's success in enhancing operational and marketing efficiency and strengthening the global positioning of its products. Abu Hdaib added that APC and its subsidiaries and affiliates contributed about $368 million to Jordan's foreign currency reserves in the first three months of the year, a 24% increase compared with the same period last year, underscoring its role as a key driver of national exports and supporter of the economy.
He said the company had effectively managed regional challenges affecting trade flows by adopting a flexible approach that ensured business continuity and preserved competitiveness. He added that the performance highlighted the importance of a supportive investment environment provided by the government, praising ongoing official efforts to empower the industrial sector and enhance its competitiveness, enabling leading national companies, including APC, to advance expansion plans efficiently and sustainably.
Chief Executive Officer Maen Nsour said the company achieved strong growth in operational performance indicators in the first quarter of 2026, with operating profit from potash operations rising 88%, reflecting the effectiveness of its operating model. He said the performance was driven by improved production efficiency, better cost management, and enhanced logistics through flexible solutions, including expanded use of alternative shipping methods such as land transport, ensuring export continuity despite disruptions in some regional sea routes.
Nsour said the company recorded robust production and sales levels in the first quarter, with output reaching about 760,000 tonnes, up 3%, while sales volumes rose 11% to 786,000 tonnes. At the same time, the cost of production per tonne fell by 11% compared with the same period last year, boosting the company's competitiveness in global markets. He added that APC was continuing to implement expansion and investment projects aimed at diversifying its customer base and entering non-traditional markets, strengthening its global presence and supporting long-term sustainable growth.
Nsour commended the efforts of the company's employees, saying their commitment and dedication formed the foundation of APC's continued achievements and its ability to maintain strong performance under varying conditions.