The mining sector (phosphate and potash) has a substantial share in the economic modernization plan, and there is a specific vision that translates itself into the performance of the two companies.

 

The vision was quickly reflected in outstanding performance, although global supply and demand conditions played an important role in this performance. However, we should not overlook the positive response of the two most important companies (phosphate and potash) in this sector to the advantages and challenges simultaneously.

There is no doubt that this industry in both companies has been affected by the course of events in the region, especially its needs for raw materials used in mining. However, the impact seems to have been limited, and this was confirmed by the results of the first quarter of this year. But that does not mean that the two companies should not develop their tools to secure safe sources of these important materials for their industries in the foreseeable future, which is the duration of the crisis, including the closure of the Strait of Hormuz, where there are basic sources of these materials.

However, the future holds positive news, especially with the completion of the two companies’ projects in developing the industry, in addition to important factors in reducing costs, such as the Aqaba railway project, whose main objective is to transport the two companies’ products from production areas to shipping areas.

Arab Potash Company achieved consolidated profits exceeding 60 million dinars in the first quarter of 2026, with consolidated net sales revenue rising to approximately 206 million dinars.

As for the Jordan Phosphate Mines Company, its net profits for the first quarter of 2026 exceeded 111 million dinars.

The demand for phosphate and potash is undoubtedly the reason for these results, and it was a smart move to invest in this demand by increasing the pace of export and production. Why not, since they are among the productive companies that are affected by the movement of market circulation.

But that's not the whole story. Both companies invested the proceeds and the upward surge in funding new development projects and programs to improve performance, control expenses, and governance.

The performance of Phosphate and Potash in 2025 was outstanding, and the two companies announced record profits for the year. The biggest winners in these results are the shareholders, but without a doubt the state treasury will be pleased with the revenues it will receive from taxes, government contributions, and the Social Security Investment Fund.

What matters is the outlook for this year, in which reports indicate a recovery and an increase in global demand for phosphates and potash, driven by the growth of the sector's exports accompanied by continued price increases.

The phosphate and potash companies, through their cooperation, are preparing to unify marketing efforts in markets where both companies participate, to give a strong boost to exports. This requires increasing the pace of production and exploring new mining areas, which are the first of future projects, especially in specialized fertilizers and ammonia.

Some will say that the rise in fertilizer prices due to high demand put the two companies behind the increase in profits, but the efficiency of management in both companies in investing in opportunities should not be overlooked. The jump in fertilizer prices was preceded by extensive administrative and financial reforms that contributed to controlling the expenses and operating costs of the factories of both companies.