Glencore showcased strong operational performance and strategic growth through acquisitions, but faced challenges with decreased EBITDA due to lower energy prices and operational constraints in certain segments. The balance between highlights and lowlights suggests a resilient but cautious outlook.

Company Guidance -

Q4 2025

In the 2024 financial results call, Glencore announced a robust year with an adjusted EBITDA of $14.4 billion, highlighting strong performance in both its industrial and marketing segments. The industrial business, particularly the metals sector, contributed an adjusted EBITDA of $10.6 billion, despite lower energy prices affecting contributions. Notably, their new EVR business in Canada added $1 billion to the EBITDA. On the marketing side, Glencore achieved the upper end of its EBIT guidance range at $3.2 billion, driven by a strong metals market. The company reported a net debt to adjusted EBITDA ratio below 0.8, facilitating a cash distribution of $1.2 billion to shareholders and a $1 billion share buyback program. They also highlighted future growth potential in copper, with plans to increase production to 1 million tons by 2028. The call emphasized ongoing strategic evaluations, including a potential move to a different stock exchange to enhance shareholder value, and their commitment to responsible supply discipline across commodities.

Strong Industrial and Marketing Performance

Glencore achieved an adjusted EBITDA of $14.4 billion, with the industrial business contributing $10.6 billion despite a weaker environment in metallurgical markets. The marketing business also performed well, hitting the top end of the EBIT range of $2.2 billion to $3.2 billion.

Successful Acquisition and Integration of EVR

The acquisition of EVR for $7 billion has been successfully integrated into Glencore's operations, contributing $1 billion to EBITDA in the second half of 2024. Production increased by 8% and costs decreased by 14% in the second half compared to the first half.

Cash Distributions and Buybacks

Glencore announced a $1.2 billion cash distribution to shareholders and a $1 billion buyback program to be completed by August 6.

Growth in Metals and Minerals

The Metals and Minerals segment showed improvement with an increased contribution from Kazzinc due to successful ramp-up and high gold prices.

Promising Copper Project Developments

Potential for up to 1 million tons of additional copper production from projects like Coroccohuayco, MARA, and El Pachon, with a low capital intensity of $15,000 to $20,000 per ton.

Glencore (GLCNF) 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 >

GLCNF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2026	2025 (Q4)	0.14 / -	0.18	―	―	―
Aug 06, 2025	2025 (Q2)	0.09 / 0.01	0.12	-91.67% (-0.11)	―	―
Feb 19, 2025	2024 (Q4)	0.18 / 0.18	-0.024	850.00% (+0.20)	―	―
Aug 07, 2024	2024 (Q2)	0.15 / 0.12	0.341	-64.81% (-0.22)	―	―
Feb 21, 2024	2023 (Q4)	0.24 / -0.02	0.54	-104.44% (-0.56)	―	―
Aug 08, 2023	2023 (Q2)	0.40 / 0.34	0.87	-60.80% (-0.53)	―	―
Feb 15, 2023	2022 (Q4)	0.55 / 0.54	0.426	26.76% (+0.11)	―	―
Aug 04, 2022	2022 (Q2)	0.73 / 0.87	0.095	815.79% (+0.78)	―	―
Feb 15, 2022	2021 (Q4)	0.46 / 0.43	0.123	246.34% (+0.30)	―	―
Aug 05, 2021	2021 (Q2)	0.23 / 0.10	-0.189	150.26% (+0.28)	―	―

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

GLCNF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$4.43	$4.11	-7.22%
Aug 07, 2024	$4.95	$5.03	+1.49%
Feb 21, 2024	$4.80	$4.78	-0.42%
Aug 08, 2023	$5.44	$5.28	-2.89%

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 Glencore plc (GLCNF) report earnings?

Glencore plc (GLCNF) is schdueled to report earning on Feb 25, 2026, Before Open (Confirmed).

What is Glencore plc (GLCNF) earnings time?

Glencore plc (GLCNF) earnings time is at Feb 25, 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 GLCNF EPS forecast?

GLCNF EPS forecast for the fiscal quarter 2025 (Q4) is 0.14.

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