Anglo American Posts 2025 Loss as It Accelerates Teck Merger and Portfolio Shake-Up

Anglo American ( (GB:AAL) ) has provided an announcement.

Anglo American reported a modest rise in underlying EBITDA from continuing operations to $6.4 billion in 2025, driven by strong production, tight cost control and robust margins in copper and premium iron ore, while delivering $1.8 billion in run-rate cost savings and cutting net debt to $8.6 billion. Despite these operational gains and solid cash conversion, the group posted a $3.7 billion loss attributable to shareholders, largely due to a $2.3 billion impairment at De Beers, as it presses ahead with divesting steelmaking coal, nickel and platinum assets and advancing regulatory approvals for its transformative merger with Teck, which will significantly increase its exposure to copper and reshape its position in the global critical minerals market.

Alongside its financial results, Anglo American highlighted ongoing improvements in safety metrics, lower greenhouse gas emissions and reduced freshwater withdrawals, with most environmental and diversity targets described as on track. The board maintained its 40% payout policy with $0.2 billion in dividends despite lower per-share distributions, framing 2025 as a year of strategic delivery that simplifies the portfolio, supports deleveraging and aims to unlock greater long-term value for shareholders and host communities through a more focused, growth-oriented asset base.

The most recent analyst rating on (GB:AAL) stock is a Buy with a £4200.00 price target. To see the full list of analyst forecasts on Anglo American stock, see the GB:AAL Stock Forecast page.

Spark’s Take on GB:AAL Stock

According to Spark, TipRanks’ AI Analyst, GB:AAL is a Neutral.

Anglo American’s overall stock score is driven by strong technical indicators and positive corporate events, including a strategic merger that enhances its market position. However, financial performance challenges and valuation concerns due to a negative P/E ratio and low dividend yield weigh on the score.

To see Spark’s full report on GB:AAL stock, click here.

More about Anglo American

Anglo American is a global mining group focused on copper, premium iron ore, manganese and crop nutrients, with De Beers still included in continuing operations under accounting rules. The company is repositioning its portfolio towards critical minerals, highlighted by its planned merger with Canada’s Teck to create Anglo Teck, a copper-heavy “critical minerals champion.”

Average Trading Volume: 5,399,809

Technical Sentiment Signal: Buy

Current Market Cap: £39.51B

For an in-depth examination of AAL stock, go to TipRanks’ Overview page.