The earnings call reflected a strong performance in the metals and marketing segments, with significant contributions from EVR and successful cost management in zinc. However, the overall adjusted EBITDA was down due to lower energy prices, and there were challenges in marketing debt and lease management. The company's proactive approach in managing supply and cash distribution is positive, but the pressures in energy coal and custom metallurgical business present challenges.

Company Guidance -

Q4 2025

In the 2024 financial results call, Glencore reported a strong financial performance, achieving an adjusted EBITDA of $14.4 billion, with the industrial business contributing $10.6 billion, largely driven by the metals sector. The marketing segment also performed well, hitting the top end of its EBIT guidance range of $2.2 billion to $3.2 billion. The company maintained a net debt to adjusted EBITDA ratio below 0.8 and announced a cash distribution of $1.2 billion to shareholders, along with a $1 billion share buyback set to be completed by August 6. Glencore highlighted the successful integration of its new EVR business, which contributed $1 billion to EBITDA in the latter half of the year, and emphasized ongoing cost reduction initiatives, including a 14% decrease in FOB cash costs in the second half. The company also discussed its strategy regarding future copper projects, focusing on supply discipline and market conditions before advancing with expansions.

Strong Adjusted EBITDA

Glencore finished the year with an adjusted EBITDA of $14.4 billion, with the industrial business contributing $10.6 billion, driven by strong metals performance.

Successful Integration of EVR

EVR contributed $1 billion to EBITDA in the second half of the year, with production up 8% and costs down 14% compared to the first half.

Strong Marketing Performance

Marketing EBIT was at the top end of the $2.2 billion to $3.2 billion guidance, totaling $3.2 billion, mainly driven by metals.

Cash Distribution and Buybacks

Announcement of a $1.2 billion cash distribution to shareholders and a $1 billion buyback to be completed by August 6.

Resilient Zinc Business

Zinc EBITDA improved with strong cost reductions and optimization, contributing $1.4 billion.

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

Daily Earnings Calendar >

GLNCY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2026	2025 (Q4)	- / -	0.18	―	―	―
Aug 06, 2025	2025 (Q2)	0.09 / -	0.12	―	―	―
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
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%
Aug 08, 2023	$10.66	$10.39	-2.53%

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 Aug 06, 2025, Before Open (Confirmed).

What is Glencore Plc (GLNCY) earnings time?

Glencore Plc (GLNCY) earnings time is at Aug 06, 2025, 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 (Q2) is 0.09.

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