Anglo American ( (NGLOY) ) has released its Q2 earnings. Here is a breakdown of the information Anglo American presented to its investors.
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Anglo American PLC is a global mining company, known for its diverse portfolio of mining operations, including copper, iron ore, and diamonds, with a focus on sustainable and responsible mining practices.
In its half-year financial report for 2025, Anglo American highlighted strong operational performance in copper and iron ore, despite challenging market conditions in the diamond sector. The company successfully completed the demerger of Valterra Platinum and is progressing with the sale of its steelmaking coal and nickel businesses.
Key financial metrics showed a decrease in underlying EBITDA by 20% to $3.0 billion, mainly due to lower earnings from De Beers. However, the company achieved significant cost savings, realizing $1.3 billion out of a committed $1.8 billion. Net debt stood at $10.8 billion, with strong cash conversion at 108% and an interim dividend of $0.07 per share.
Anglo American’s strategic focus on portfolio simplification and cost management aims to transform it into a higher-margin, cash-generative company. The company is on track to deliver further cost savings and expects significant value from its copper and iron ore operations.
Looking ahead, Anglo American remains committed to enhancing shareholder value through strategic portfolio management and operational efficiency, while maintaining its focus on safety and sustainability across its operations.