Amman, March 16 (Petra) -- The Jordan Phosphate Mines Company (JPMC) ranked 51st among the 100 most powerful companies in the Middle East and North Africa for 2026, rising from 71st place, according to the annual ranking by Forbes Middle East, surpassing several major companies, banks, and economic institutions in the region.
The company’s market value reached $10.1 billion, making it the largest producer of phosphate in Jordan, according to the Forbes report, which highlights the largest companies in terms of market value and profitability.
Forbes reported that the company’s revenues increased by 19.4 percent over the past year, reaching about $2 billion in January 2026. The ranking methodology was based on financial data drawn from companies’ consolidated financial statements and the primary stock markets in the region.
Forbes ranked public companies based on criteria with equal relative weights, including sales, total assets, and net profits for 2025, in addition to market value calculated according to market closing prices on April 25, 2025.
Companies that received the same total score were given the same ranking, while Forbes excluded companies that did not disclose their consolidated and audited financial statements for 2025.
The JPMC's consolidated data showed that the group achieved net profits after tax of JD601.286 million last year, an increase of 31.3 percent compared with the group’s profits in 2024.
The group’s net sales in 2025 reached JD1.448 billion, an increase of JD235 million compared with 2024 sales, representing a rise of 19.3 percent.
The data also showed that the group achieved returns on nominal capital of 200 percent, while earnings per share reached JD2.004 compared with JD1.85 in 2024.
The company’s progress in the Forbes ranking reflects its efforts during 2025 and its success in achieving record figures in production, exports and operational efficiency.
By adopting advanced smart mining technologies and automation, the company was able to increase production capacity and reduce operating costs, strengthening the competitiveness of Jordanian products in international markets despite global economic fluctuations.
//Petra// AF
