Anglo American (NGLOY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.47

Last Year’s EPS

0.2

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 19, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a broadly positive strategic and operational picture: management delivered on production guidance, realized substantial cost savings and demonstrable deleveraging, and advanced a transformational merger with Teck that could create a major copper‑focused champion. Material negatives include two workplace fatalities, a significant impairment and ongoing market weakness at De Beers, operational incidents affecting steelmaking coal, and near‑term cost and grade headwinds at Collahuasi that lift 2026 unit costs. On balance, the positives—strong simplified portfolio performance, cash generation, portfolio monetizations (~$2.5bn realized) and merger progress—outweigh the negatives, though material execution and market risks remain (notably De Beers exit and remaining regulatory approvals).

Company Guidance

Guidance highlights include 2026 copper unit costs of ~ $1.72/lb (up from $1.50/lb) assuming CLP 860 and PEN 3.2, premium iron ore unit costs of ~ $41/t (ZAR16, BRL5.3), a continuing-operations underlying tax rate of 44–48% (long‑term simplified portfolio 38–42%; 2025 outcome ~39%), continuing depreciation $2.4–2.6bn, ~ $0.2bn of restructuring/merger costs, a one‑off non‑cash $0.5bn lease liability recognition related to Los Bronces water, and simplified‑portfolio CapEx of $2.6–3.1bn p.a. over the next 3 years (De Beers CapEx ~$0.5bn; Woodsmith ~$250m in 2026 and 2027 plus $50m OpEx), with sustaining CapEx ~ $2bn p.a.; operational and cost targets include $0.6bn incremental cost savings in 2025 (total realized $1.6bn of a $1.8bn target, with ~ $0.2bn to be realized in 2026), sustaining attributable free cash flow of $1.4bn in 2025, net debt reduced by $2.0bn to $8.6bn (net debt/EBITDA 1.3x; excl. shareholder loans $6.8bn), continuing‑operations EBITDA $6.4bn (simplified portfolio EBITDA $6.9bn, 44% margin; copper $4.0bn; premium iron ore $2.9bn), Quellaveco expected to produce ~300,000 tpa copper, ~125,000 t of lower‑risk near‑term copper growth from Collahuasi/Donoso 2 stripping, and the Anglo‑Teck transaction still targeted to complete in ~12–18 months (roughly Sept–Mar) with a $4.5bn special dividend payable on or around completion; 2025 underlying EPS was $0.54 and full‑year dividends were $0.23/share (final $0.16).

Strategic Transformation and Merger Progress

Announced merger with Teck to form 'Anglo Teck' with major regulatory approvals secured (including Investment Canada Act) and completion targeted in ~12-18 months; $4.5 billion special dividend expected to be payable around completion.

Strong Simplified Portfolio Financials

Simplified (go‑forward) portfolio delivered $6.9 billion EBITDA (up 9% year‑on‑year), a 44% EBITDA margin (up 2 percentage points) and underlying earnings of $1.6 billion; revenue for continuing operations rose ~4% despite a 4% drop in production.

Delivered Cost‑Out Program

Delivered $0.6 billion incremental savings in 2025 (ahead of $0.5 billion target), bringing realized savings to $1.6 billion of a committed $1.8 billion program; remaining ~$0.2 billion expected in 2026.

Deleveraging and Cash Generation

Net debt reduced by $2.0 billion to $8.6 billion (net debt/EBITDA 1.3x; excluding shareholder loans net debt $6.8 billion); sustaining attributable free cash flow of $1.4 billion and working capital inflow of $0.6 billion driven by inventory reduction at De Beers.

Operational Delivery in Copper and Iron Ore

Copper and premium iron ore met 2025 production guidance; Quellaveco throughput exceeded design and is positioned to produce ~300,000 tpa copper; short‑term lower‑risk growth of ~125,000 tpa copper expected as stripping at Collahuasi and Donoso 2 ramp up.

Capital Efficiency and Reduced CapEx

Continuing operations CapEx fell 16% to $3.3 billion (simplified portfolio CapEx ~$3.0 billion); 3‑year simplified portfolio CapEx guidance $2.6–3.1 billion per year and sustaining CapEx long‑term ~ $2 billion p.a.

Head Office Transformation and Productivity Actions

Head office transformation completed with a 21% headcount reduction; ongoing focus on embedding a cost culture and operational accountability to improve efficiency and drive further savings.

Portfolio Optimization Realized Proceeds

PGMs demerger and sell‑downs (Valterra residual 19.9% stake) raised ~ $2.5 billion, materially aiding deleveraging; sale processes underway for steelmaking coal, nickel (deal with MMG up to $0.5 billion) and an advanced, responsible exit process for De Beers.

Safety Metrics Improving (Despite Fatalities)

Total recordable injury frequency reached the lowest on record, with frequency rates down ~20% year‑on‑year, demonstrating progress in safety systems and frontline engagement (company reiterates zero harm goal).

Anglo American (NGLOY) 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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NGLOY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q2)	0.47 / -	0.196	―	―	―
Feb 19, 2026	2025 (Q4)	0.18 / 0.18	0.26	-30.00% (-0.08)
Jul 31, 2025	2025 (Q2)	0.23 / 0.20	0.521	-62.38% (-0.33)
Feb 20, 2025	2024 (Q4)	0.30 / 0.26	0.511	-49.12% (-0.25)
Jul 25, 2024	2024 (Q2)	0.43 / 0.52	0.714	-27.03% (-0.19)
Feb 22, 2024	2023 (Q4)	0.43 / 0.51	0.876	-41.67% (-0.36)
Jul 27, 2023	2023 (Q2)	0.71 / 0.71	1.528	-53.27% (-0.81)
Feb 23, 2023	2022 (Q4)	0.88 / 0.88	1.531	-42.78% (-0.65)
Jul 28, 2022	2022 (Q2)	1.36 / 1.53	2.113	-27.69% (-0.58)	―	―
Feb 24, 2022	2021 (Q4)	1.36 / 1.53	0.886	72.80% (+0.64)	―	―

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

NGLOY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2026	$24.80	$24.07	-2.92%
Jul 31, 2025	$14.80	$14.18	-4.19%
Feb 20, 2025	$14.46	$14.88	+2.90%
Jul 25, 2024	$13.72	$13.94	+1.60%

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 Anglo American (NGLOY) report earnings?

Anglo American (NGLOY) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).

What is Anglo American (NGLOY) earnings time?

Anglo American (NGLOY) earnings time is at Jul 23, 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 NGLOY EPS forecast?

NGLOY EPS forecast for the fiscal quarter 2026 (Q2) is 0.47.