Amman: The Jordan Phosphate Mines Company (JPMC) has ascended to the 51st position in Forbes Middle East's annual ranking of the 100 most powerful companies in the Middle East and North Africa for 2026, a notable leap from its previous 71st position. This advancement places JPMC ahead of several major regional companies, banks, and economic institutions.
According to Jordan News Agency, JPMC's market value has reached $10.1 billion, positioning it as the largest phosphate producer in Jordan. The Forbes report underscores the company's significant market value and profitability, which contributed to its improved ranking. JPMC's revenues saw a 19.4 percent increase over the last year, totaling approximately $2 billion in January 2026. The ranking methodology employed by Forbes is based on financial data sourced from companies' consolidated financial statements and the primary stock markets in the region.
Forbes evaluated public companies based on criteria given equal relative weights, including sales, total assets, and net profits for 2025, alongside market value determined by market closing prices on April 25, 2025. Companies with identical total scores were assigned the same ranking, while those that did not disclose their consolidated and audited financial statements for 2025 were excluded from the list.
JPMC's consolidated data revealed that the group achieved net profits after tax of JD601.286 million last year, marking a 31.3 percent increase compared to 2024. The group's net sales in 2025 reached JD1.448 billion, an increase of JD235 million from 2024, representing a 19.3 percent rise.
The data further indicated that JPMC achieved returns on nominal capital of 200 percent, with earnings per share increasing to JD2.004, up from JD1.85 in 2024. The company's rise in the Forbes ranking is a testament to its strategic efforts in 2025, achieving record figures in production, exports, and operational efficiency.
By implementing advanced smart mining technologies and automation, JPMC enhanced its production capacity and reduced operating costs. These improvements have bolstered the competitiveness of Jordanian products in international markets, despite prevailing global economic fluctuations.