The earnings call highlighted MAC Copper Limited's strong financial health and significant production increases, with notable improvements in safety and project advancements. However, there are some concerns about meeting the lower end of production guidance and anticipated moderation in production and grade in the coming quarter.

Company Guidance -

Q3 2025

In the second quarter of 2025, MAC Copper Limited reported a promising operational and financial outlook during their earnings call. The company produced just under 10,600 tonnes of copper, marking a 23% increase quarter-on-quarter, with a copper grade of 4.4%, an 8% improvement. Financially, MAC Copper ended the quarter with USD 196 million in liquidity and USD 102 million in cash, achieving a net gearing of just over 17%. Operating free cash flow reached a record USD 42 million, driven by a 3% increase in realized copper price and reduced interest costs following a refinancing initiative. The company maintained its annual production guidance at 43,000 to 48,000 tonnes, expecting to meet the lower half of this range, and saw a notable reduction in C1 costs to USD 1.48 per pound, with June achieving USD 0.94 per pound. Key projects like the ventilation project and Merrin Mine development are progressing well, with significant increases in development meters and capital expenditure. Additionally, MAC Copper is advancing its transaction with Harmony and anticipates a vote on August 29, 2025.

Strong Financial Position

MAC Copper Limited reported a strong balance sheet with around USD 196 million in liquidity and USD 102 million of cash on the balance sheet. The company has maintained less than 20% net gearing, reducing interest costs by approximately USD 14 million per annum.

Significant Production Increase

The company produced just under 10,600 tonnes of copper, a 23% increase quarter-on-quarter. The copper grade improved by 8% to 4.4%.

Record Operating Free Cash Flow

MAC Copper achieved a record quarterly operating free cash flow of about USD 42 million, driven by higher production and improved grades.

Safety Improvements

Significant improvements in safety records were noted with no reportable incidents for the last year and none this year either.

Progress on Key Projects

Advancements were made on key growth projects, including the ventilation project and the Merrin Mine, with a 139% increase in growth capital expenditure.

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

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MTAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 27, 2025	2025 (Q3)	0.30 / -	0.04	―	―	―
Jul 23, 2025	2025 (Q2)	0.35 / 0.28	0.128	118.75% (+0.15)
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 0.3.

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