MMG ( (MMLTF) ) has released its Q2 earnings. Here is a breakdown of the information MMG presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
MMG Limited, a Hong Kong-incorporated company, operates in the mining sector, focusing on the production of copper, zinc, and other minerals. The company is known for its significant mining operations across the globe, including Las Bambas in Peru, Kinsevere in the Democratic Republic of the Congo, and the recently acquired Khoemacau in Botswana.
In its latest earnings report for the first half of 2025, MMG Limited showcased a remarkable financial performance, highlighted by a net profit after tax of US$566.3 million, a substantial increase from the previous year. This surge in profitability was driven by increased copper production, higher market prices for key commodities, and reduced unit costs at its Las Bambas operation.
Key financial metrics from the report include a 98% increase in EBITDA to US$1,539.9 million and a 240% rise in EBIT to US$1,058.8 million. The company also reported a 130% increase in net cash flow from operations, amounting to US$1,185.0 million. MMG’s balance sheet strengthened with a reduction in net debt by US$903.3 million and a decrease in the gearing ratio from 41% to 33%.
Looking ahead, MMG remains optimistic about its growth prospects, maintaining its production guidance for 2025. The company anticipates continued strong demand for its commodities, driven by global trends in renewable energy and infrastructure development. MMG is focused on disciplined growth and maximizing the potential of its operations while exploring opportunities for diversification.