AMMAN — Jordan Phosphate Mines Company (JPMC) ranked 51st in the list of the 100 most powerful companies in the Middle East and North Africa (MENA) region for 2026, up from 71st place, according to the annual ranking of "Forbes Middle East" magazine.

 

The market capitalisation of Phosphate reaches $10.1 billion, which is Jordan's largest phosphate producer, according to a Forbes report, which highlights the "largest" companies in terms of market capitalisation and profitability.

 

The report noted that the company's revenues grew by 19.4 per cent last year to reach about $2 billion in January 2026, the Jordan News Agency, Petra, reported.

 

Forbes has adopted a methodology for selecting the list of information and financial statements among the lists of companies and major capital markets in the region.

 

Forbes ranked public companies according to criteria based on equal relative weights, including sales, total assets, and net profit for 2025, in addition to market capitalisation calculated based on market closures on April 25, 2025.

 

Companies that were equal in total scores received the same ranking, while Forbes excluded companies that did not disclose their consolidated and audited financial statements for 2025.

 

The consolidated data of the JPMC indicated a net profit after tax of JD601.286 million, an increase of 31.3 per cent compared with the group's profits for 2024.

 

The Group's net sales during the year 2025 amounted to JD1.448 billion, an increase of JD235 million, compared with sales in 2024, an increase of 19.3 per cent.

 

The data also cited that the group achieved "attractive" returns on nominal capital by 200 per cent, while the net profit per share reached JD2.004 compared with JD1.85 for the year 2024.

 

This progress of Jordan Phosphate Mines Company in the Forbes list reflects the company's efforts during 2025, and its success in achieving records at the level of production, export and operational efficiency.

 

Thanks to the adoption of the latest smart mining technologies and automation, the company was able to increase production capacity and reduce operational costs, which enhanced the competitiveness of the Jordanian product in international markets, despite the global economic fluctuations.