Amman:The Arab Potash Company (APC) has announced a significant 34 percent rise in net profit, reaching JD169 million for the first three quarters of 2026. This increase comes after accounting for provisions, income tax, and mining royalties, and is a notable improvement from JD127 million in the same period last year, as indicated by the company's consolidated financial statements.
According to Jordan News Agency, the company's operating profit from potash operations saw a substantial growth of 66 percent, amounting to JD175 million, up from JD105 million. Net sales revenues also experienced an increase, rising 16 percent to JD563 million compared to JD488 million during the corresponding period in 2025. Additionally, investment income from affiliate companies grew by 40 percent, reaching JOD 41 million.
The company's potash production reached 2.19 million metric tons, which is a 2 percent increase from the previous year's 2.15 million metric tons. APC also achieved a record in sales volume, with 2.25 million metric tons, marking a 3 percent rise from 2.18 million metric tons in the prior-year period. Furthermore, APC and its subsidiaries and affiliates contributed approximately $1.23 billion in foreign currency reserves to the Jordanian banking system through Q3 2026, reflecting a 19 percent growth compared to $1.03 billion from the same period in 2025.
Shehada Abu Hdeib, Chairman of the Board, stated that the company's financial and operational performance is a testament to effective long-term corporate planning and sustainable growth amid geopolitical challenges. He highlighted that APC's capital projects are essential in maintaining Jordan's mining sector competitiveness and bolstering foreign currency reserves.
CEO Maen Nsour attributed the profit increase to strategic marketing in high-margin target markets while retaining export shares in traditional markets. He mentioned that the company's adept supply chain management and alternative shipping solutions have been crucial in overcoming maritime logistics disruptions and fulfilling contractual obligations. Nsour also noted APC's ongoing capacity expansion plans, particularly the Southern Expansion Project, along with strategic investments in sustainability, digital transformation, carbon footprint reduction, and downstream derivative industries, aligning with the Kingdom's Economic Modernization Vision.