JPMC Among the Top 100 Companies in MENA for 2025, According to Forbes

Amman

Jordan Phosphate Mines Company (JPMC) has been ranked among the Top 100 Companies in the Middle East and North Africa (MENA) for 2025, according to Forbes Middle East’s annual list, which highlights the region’s largest, most valuable, and most profitable companies.

As reported by Forbes, JPMC has a market capitalization of $5.1 billion. In 2024, the company achieved $1.7 billion in sales and reported a net profit of $645 million. Its total assets are valued at approximately $3 billion.

The company produced 11.5 million tons of raw phosphate in 2024 and sold 11.3 million tons locally and internationally, marking an increase of 100,000 tons compared to the previous year.

JPMC is currently launching a new $120 million flotation-based phosphate production project in the Shidiya region, with an expected annual production capacity of 2 million tons.

According to Forbes, JPMC operates across two integrated sectors: mining and the manufacturing of phosphate-based fertilizers.

The company has established a solid foundation of institutional governance, based on delegation, accountability, and a cumulative reform-driven approach. This includes continuous review of operational procedures through well-structured, actionable, and evaluable plans grounded in good governance, defined timelines, and increased capital spending—particularly in sustainable maintenance of production units, workforce succession planning, and employee training and development programs, all guided by clearly defined goals and implementation mechanisms.

JPMC successfully achieved the objectives of its 2024 strategic plan, including increasing production and sales volumes, enhancing product quality, and expanding into new markets.

Forbes highlighted that the combined sales of the Top 100 companies grew by 12.2% to reach $1.1 billion. Their total assets rose to approximately $5.4 billion, up from $4.9 billion the previous year, reflecting a growth rate of 10.8%.

Forbes employed a comprehensive methodology in compiling the list, with its research team analyzing financial and market data from consolidated company statements and leading regional stock exchanges. Publicly listed companies were ranked based on equal-weighted metrics, including revenues, total assets, net profits for 2024, and market capitalization as of the market close on April 25, 2025.

Companies with equal total scores received the same ranking. Forbes excluded companies that had not disclosed their audited consolidated financial statements for 2024 by April 25, 2025. Foreign exchange rates used were those in effect on the same date.