The earnings call presented a balanced view of Glencore's performance. The company achieved strong financial results and announced significant cost savings and shareholder returns. However, challenges such as declining coal prices, operational issues in copper production, and an increase in net debt were noted.

Company Guidance -

Q4 2025

During the Glencore 2025 Half Year Results Conference Call, the company provided guidance with a focus on financial performance and future expectations. Glencore reported a pleasing adjusted EBITDA of $5.4 billion for the first half of 2025, despite facing weaker commodity markets and economic uncertainties. The industrial asset business contributed $3.8 billion to the adjusted EBITDA, with significant challenges from low coal prices, which fell over 20% compared to the previous year. Conversely, the zinc gold business in Kazakhstan performed strongly, while copper production is expected to be heavily weighted towards the second half of the year. The newly integrated EVR contributed $786 million to adjusted EBITDA. The marketing business achieved an adjusted EBIT of $1.4 billion, exceeding the old range midpoint, and the company announced an increase in the ex-Viterra marketing range to $2.3 billion to $3.5 billion. Glencore also highlighted its successful $1 billion cost-saving initiatives across the business and a net debt to adjusted EBITDA ratio of 1.08, with robust cash generation from operating activities totaling $4.3 billion. The company announced $3.2 billion in shareholder returns for 2025, including dividends and buybacks.

Strong Financial Performance

Glencore reported an adjusted EBITDA of $5.4 billion for the first half of 2025, despite weaker commodity markets and economic uncertainty. The adjusted industrial EBITDA was $3.8 billion, with a strong result from the zinc gold business.

Marketing Business Performance

The marketing business achieved an adjusted marketing EBIT of $1.4 billion, annualizing above the middle of the previous range of $2.2 billion to $3.2 billion. The new range is now $2.3 billion to $3.5 billion.

Cost Savings Initiatives

Glencore announced approximately $1 billion of sustainable cost savings on an annualized basis across the business, with more than 50% expected to be achieved by the end of 2025.

Shareholder Returns

Glencore announced $3.2 billion of shareholder returns for 2025, including a base dividend and up to $1 billion in buybacks.

Glencore (GLNCY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GLNCY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2026	2025 (Q4)	0.14 / -	0.18	―	―	―
Aug 06, 2025	2025 (Q2)	0.09 / 0.01	0.12	-91.67% (-0.11)
Feb 19, 2025	2024 (Q4)	0.18 / 0.18	-0.024	850.00% (+0.20)
Aug 07, 2024	2024 (Q2)	0.15 / 0.12	0.341	-64.81% (-0.22)
Feb 21, 2024	2023 (Q4)	0.24 / -0.02	0.577	-104.16% (-0.60)
Aug 08, 2023	2023 (Q2)	0.40 / 0.34	0.87	-60.80% (-0.53)
Feb 15, 2023	2022 (Q4)	0.55 / 0.58	0.426	35.45% (+0.15)
Aug 04, 2022	2022 (Q2)	0.73 / 0.87	0.095	815.79% (+0.78)	―	―
Feb 15, 2022	2021 (Q4)	0.46 / 0.43	0.123	246.34% (+0.30)	―	―
Aug 05, 2021	2021 (Q2)	0.23 / 0.10	-0.189	150.26% (+0.28)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GLNCY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$7.97	$7.54	-5.40%
Feb 19, 2025	$8.64	$8.09	-6.37%
Aug 07, 2024	$9.69	$9.84	+1.55%
Feb 21, 2024	$9.49	$9.35	-1.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Glencore Plc (GLNCY) report earnings?

Glencore Plc (GLNCY) is schdueled to report earning on Feb 25, 2026, Before Open (Confirmed).

What is Glencore Plc (GLNCY) earnings time?

Glencore Plc (GLNCY) earnings time is at Feb 25, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GLNCY EPS forecast?

GLNCY EPS forecast for the fiscal quarter 2025 (Q4) is 0.14.

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