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Antofagasta (ANFGF)
OTHER OTC:ANFGF
Earnings Data
Report Date
Aug 26, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.47Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a strong, constructive performance: record revenue and EBITDA, expanded margins (60%), robust operating cash flow, a fully financed growth pipeline progressing on time and on budget, and continued leadership on safety and sustainability. Offsetting items include flat copper production year-on-year, a working capital build driven by shipment timing and year-end prices, a higher effective tax rate (36%), ongoing peak CapEx execution risk, upcoming labor negotiations, and modest commercial cost headwinds (~$0.15/lb marketing). Overall, the positives (material revenue, margin and cash-flow gains, funded growth and low costs) substantially outweigh the operational and timing headwinds.Company Guidance
Record Financial Performance
Revenue rose 30% year-on-year to $8.6 billion; EBITDA increased 52% to a record $5.2 billion; operating cash flow grew 30% to $4.3 billion; EBITDA margin expanded to 60%, placing the company at the top end of its pure-play copper peer group.
Strong Balance Sheet and Capital Allocation
Company entered the year with +$4 billion cash, maintained net debt-to-EBITDA broadly flat despite peak Group-level CapEx in 2025, and retained investment-grade credit metrics while fully financing near-term growth.
Dividend and Shareholder Returns
Total dividend for 2025 represents 50% of earnings; dividends paid in 2025 were $760 million (up from $557 million in 2024, ~36% increase). Management proposed doubling total dividends to $0.646 per share (subject to approval).
Fully Funded Growth Pipeline and Execution
Near-term growth program is fully financed and on time and on budget aiming to deliver ~30% production growth once projects ramp up; Centinela second concentrator progressed above ~70% completion at year-end with commissioning planned for 2027 and ramp-up through 2028–29; Los Pelambres growth-enabling projects (120 km concentrate pipeline and desal plant expansion) are also on track.
Low Cost Base and Cost Discipline
Delivered a five-year low for net costs: Los Pelambres net cost $0.82/lb and Centinela $0.75/lb; group net cash cost referenced at $1.19/lb (cited as a 27% reduction versus prior year); competitiveness program delivered ~$0.08/lb benefit; strong byproduct credits cited at ~ $1.35–$1.40/lb.
Safety and Sustainability Leadership
Fatality-free year for a fourth consecutive year with the lowest number of high-potential incidents in 2025; progressed water strategy including desalination expansion and increased seawater/recirculating use; female workforce representation reached 30%; Zaldivar EIA approved to extend mine life.
Innovation and Optionality
Industrial-scale Cuprochlor heap leach pad under construction to test sulfide leaching scalability; testing of material movement innovations (road train and light rail) to improve haulage efficiency; attractive early-stage discovery (Cachorro) received DIA approval in late 2025 and Twin Metals (U.S.) presents strategic optionality with 2.5 billion tonnes resource exposure.
ANFGF 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
ANFGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $51.20 | $49.25 | -3.82% |
Aug 14, 2025 | $28.35 | $28.68 | +1.19% |
Feb 18, 2025 | $23.14 | $23.00 | -0.61% |
Aug 20, 2024 | $24.11 | $24.25 | +0.61% |
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 Antofagasta (ANFGF) report earnings?
Antofagasta (ANFGF) is schdueled to report earning on Aug 26, 2026, TBA (Confirmed).
What is Antofagasta (ANFGF) earnings time?
Antofagasta (ANFGF) earnings time is at Aug 26, 2026, TBA (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 ANFGF EPS forecast?
ANFGF EPS forecast for the fiscal quarter 2026 (Q2) is 0.93.