The earnings call presented a strong financial and operational performance with significant improvements in production, cash flow, and safety metrics. However, slight concerns were raised about lower production guidance and potential grade reduction in the coming quarters.

Company Guidance -

Q3 2025

During the MAC Copper Limited Q2 2025 results call, CEO Mick McMullen and CFO Morne Engelbrecht provided comprehensive guidance, emphasizing the company's strategic trajectory and financial health. The company reported a 23% quarter-on-quarter increase in copper production, achieving just under 10,600 tonnes, with a significant improvement in copper grade to 4.4%. Operating free cash flow reached a record USD 42 million, supported by a reduced C1 cash cost of USD 1.48 per pound, dropping to USD 0.94 per pound in June. MAC Copper maintained its annual production guidance of 43,000 to 48,000 tonnes, despite challenges from a recent transaction with Harmony, which valued the company at USD 12.25 per share in cash. The balance sheet remained robust with USD 102 million in cash, USD 196 million in liquidity, and net gearing reduced to 17%. The company also highlighted progress in key projects, including the ventilation project and Merrin Mine, contributing to a 139% increase in growth capital expenditure. Exploration efforts continue, with promising developments north of the CSA mine. Overall, MAC Copper demonstrated strong operational and financial performance, positioning itself well for future growth.

Significant Production Increase

Produced just under 10,600 tonnes of copper, a 23% increase quarter-on-quarter, with a record 385 tonnes produced in one day.

Strong Financial Position

USD 196 million of liquidity at the end of June, with USD 102 million in cash, resulting in a net gearing of just over 17%.

Record-Breaking Operating Free Cash Flow

Achieved record quarterly operating free cash flow of about USD 42 million.

Interest Cost Reduction

Reduced interest costs by around USD 14 million annually, with a current floating interest rate just under 7%.

Improved Safety Record

Significant improvement in safety, with no reportable incidents last year and none this year, and a sustained reduction in TRIFR.

Positive Developments in Key Projects

Ventilation and Merrin Mine projects advancing well, with Merrin Mine coming online in Q4 2025.

MAC Copper (MTAL) 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 >

MTAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 27, 2025	2025 (Q3)	0.35 / -	0.04	―	―	―
Jul 23, 2025	2025 (Q2)	0.35 / 0.32	0.128	150.00% (+0.19)
Jan 28, 2025	2024 (Q4)	0.13 / 0.13	-0.06	316.67% (+0.19)
Oct 21, 2024	2024 (Q3)	0.02 / 0.04	-0.2	120.00% (+0.24)
Aug 28, 2024	2024 (Q2)	0.08 / 0.13	-0.245	152.24% (+0.37)

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

MTAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$12.13	$12.11	-0.16%
Jan 28, 2025	$10.39	$11.11	+6.93%
Oct 21, 2024	$12.25	$12.28	+0.24%
Aug 28, 2024	$11.48	$11.53	+0.44%

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 MAC Copper (MTAL) report earnings?

MAC Copper (MTAL) is schdueled to report earning on Oct 27, 2025, After Close (Confirmed).

What is MAC Copper (MTAL) earnings time?

MAC Copper (MTAL) earnings time is at Oct 27, 2025, After Close (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 MTAL EPS forecast?

MTAL EPS forecast for the fiscal quarter 2025 (Q3) is 0.35.

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