Anglo American (AAUKF)
OTHER OTC:AAUKF
Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.39Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly constructive and transformational picture driven by strong operational delivery in the go‑forward copper and premium iron ore portfolio, successful portfolio restructuring steps, clear cost savings and meaningful deleveraging. Material challenges remain—most notably two workplace fatalities, a significant De Beers impairment and continued regulatory processes for major transactions—but the core simplified business performance, cash generation and merger progress outweigh these negatives in the near term.Company Guidance
Strong simplified-portfolio financial performance
Simplified (go‑forward) portfolio delivered $6.9 billion EBITDA, a 44% EBITDA margin (up 2ppt), underlying earnings of $1.6 billion and return on capital of 17%. Copper and premium iron ore contributed ~$4.0 billion and ~$2.9 billion of EBITDA respectively.
Operational delivery in copper and iron ore
Copper and iron ore met 2025 production guidance; Quellaveco exceeded design throughput and is expected to produce ~300,000 tpa copper; short‑term lower‑risk copper growth of ~125,000 tonnes expected as Collahuasi stripping and Donoso 2 ramp. Production resilience delivered despite lower grades at Collahuasi.
Material cost savings and cost discipline
Delivered $0.6 billion of incremental gross cost savings in 2025 (ahead of $0.5 billion target), totaling $1.6 billion realized to date toward the $1.8 billion cost‑out program; total cost base up only ~1% year‑on‑year despite inflation and currency headwinds.
Balance sheet improvement and cash generation
Net debt reduced by ~$2.0 billion to $8.6 billion (net debt/EBITDA 1.3x); sustaining attributable free cash flow of $1.4 billion; $2.4–$2.5 billion of proceeds realized from PGMs/Valterra sell‑downs which materially aided deleveraging.
Progress on major portfolio transactions (Anglo Teck merger)
Merger with Teck progressing with numerous approvals secured (including Investment Canada and U.S. regulatory approvals); overwhelming shareholder support; integration planning underway; expected completion ~12–18 months (current estimate Sept to following March) with $4.5 billion special dividend payable on completion.
Portfolio optimization momentum
Successful PGMs demerger (Valterra) and full sell‑down of residual stake; active sale processes restarted for steelmaking coal (SMC), Ni (definitive agreement with MMG for up to $0.5 billion) and advanced De Beers exit processes with strategic bidders and government engagement.
Head office transformation and workforce efficiency
Completed head office transformation with a 21% headcount reduction, supporting cost savings and streamlined decision‑making; embedded local accountability to improve operational outcomes.
Safety performance improvement (record low LTIFR)
Recorded the lowest ever total recordable injury frequency-rate in company history, with recordable frequency rates ~20% lower than prior year, driven by focused safety programs and increased frontline leader engagement.
AAUKF Earnings History
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
AAUKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $48.34 | $45.78 | -5.28% |
Jul 31, 2025 | $28.72 | $28.27 | -1.56% |
Feb 20, 2025 | $29.01 | $29.85 | +2.89% |
Jul 25, 2024 | $26.96 | $27.60 | +2.37% |
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 (AAUKF) report earnings?
Anglo American (AAUKF) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Anglo American (AAUKF) earnings time?
Anglo American (AAUKF) 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 AAUKF EPS forecast?
AAUKF EPS forecast for the fiscal quarter 2026 (Q2) is 0.93.