Aurubis Sees Operating Earnings Boosted by Higher Metals Prices and Recycling Activities
Aurubis AG reported higher operating earnings for the first nine months of fiscal 2025/26, thanks to increased metals pricing and recycling activities. The company's operating earnings before taxes rose by 31% year over year to €374 million in the first nine months, while operating EBITDA reached €570 million.
Chief Executive Officer Toralf Haag stated that third-quarter operating EBT was €149 million, up 23% from the preceding quarter. Group revenue increased 29% to €17.8 billion primarily due to higher metal prices and solid operating performance, according to Chief Financial Officer Steffen Hoffmann.
Aurubis said its results benefited from higher copper, gold, and silver prices as well as improved production volumes across the group. The company leveraged the tight sulfuric-acid market sooner than expected, with sulfuric acid providing a 'small double-digit' million-euro uplift in the fourth quarter compared to the third quarter.
Despite a negative net cash flow for the first nine months of €28 million, management expects inventories to decline by fiscal year-end and continues to expect net cash flow above last year's level of €677 million. Aurubis also maintained its fiscal 2025/26 guidance for operating EBITDA of €700 million to €800 million and operating EBT of €425 million to €525 million.