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Antofagasta's 2025 EBITDA surged 52% to $5.2B, fueled by higher copper prices and strong by-product sales, despite slightly lower production.
Antofagasta plc reported a 52% increase in 2025 EBITDA to $5.2 billion, driven by an 18% rise in average copper prices to $4.93 per pound and strong by-product revenues, despite a 1.6% drop in copper production to 653,700 tonnes.
Revenue rose 30% to $8.62 billion, and underlying earnings per share more than doubled to 129.3 cents.
The company maintained its 2026 production guidance at 650,000 to 700,000 tonnes, with major projects at Centinela and Los Pelambres on schedule.
It declared a final dividend of 48 cents per share, bringing the full-year payout to 64.6 cents, or 50% of underlying earnings.
Net debt stood at $2.75 billion, with a low 0.53 times EBITDA ratio, and cash reserves reached $4.91 billion.
El EBITDA 2025 de Antofagasta aumentó un 52% a $ 5.2B, impulsado por los precios más altos del cobre y las fuertes ventas de subproductos, a pesar de una producción ligeramente menor.