JPMC Among MENA’s Top 100 Firms in 2025 – Forbes

Amman, June 17 (Petra) – Jordan Phosphate Mines Company (JPMC) has been named among the Middle East and North Africa’s Top 100 Companies for 2025, according to Forbes Middle East’s annual ranking, which highlights the region’s largest firms based on market value and profitability.

Forbes reported that JPMC has a market capitalization of $5.1 billion, with sales of $1.7 billion and net profits of $645 million in the previous year. The company’s total assets stand at $3 billion.

In 2024, JPMC produced approximately 11.5 million tons of raw phosphate, with total domestic and international sales reaching 11.3 million tons an increase of 100,000 tons compared to the prior year.

The company is currently implementing a new $120 million project in the Shidiya region utilizing flotation technology to produce phosphate, with an expected annual capacity of 2 million tons.

According to Forbes, JPMC operates in two integrated sectors: phosphate mining and phosphate-based fertilizer production.

The company has institutionalized a governance-based operational model centered on accountability, continuous review, and performance-based planning. It has also increased capital spending, especially on maintenance of production units, and adopted workforce replacement strategies alongside training and capacity-building programs.

JPMC successfully executed its 2024 strategic plan, which focused on boosting production and sales volumes, improving product quality, and entering new markets.

Forbes noted that the combined sales of the region’s top companies grew by 12.2% to $1.1 billion, with total assets increasing 10.8% year-on-year to $5.4 billion, up from $4.9 billion.

For its rankings, Forbes relied on equal-weight criteria based on 2024 data, including sales, total assets, net profits, and market value, using financial statements from consolidated, audited reports and data from primary stock exchanges in the region. Market capitalization figures were based on closing prices as of April 25, 2025.

Companies with identical total scores were ranked equally, while firms that failed to disclose audited, consolidated financials by the April 25 deadline were excluded. All foreign exchange rates were calculated as of the same date.