Aurubis Lifts Full-Year Earnings Outlook After Strong Third-Quarter Results
Copper and multimetal producer Aurubis now expects fiscal 2025/26 operating profit near the top of its guidance range, after nine-month earnings rose 31% on higher metal prices, stronger recycling revenue, and improved plant utilization.
What Readers Should Know
- Aurubis raised its fiscal-year 2025/26 operating EBT guidance to €425 million–€525 million, the upper end of its earlier forecast.
- Nine-month operating EBT climbed 31% to €374 million, up from €286 million a year earlier.
- Third-quarter operating EBT of €149 million more than doubled the €57 million posted a year ago.
- Growth was driven by higher copper and precious metal prices, stronger sulfuric acid sales, and improved recycling revenue.
- Last year's comparable quarter was weighed down by scheduled maintenance at Aurubis' Bulgarian operations.
- Expansion work continues at Aurubis Richmond in the U.S. and at the company's Bulgarian copper tankhouse.
MONTREAL (Scrap Monster): Aurubis expects to finish fiscal year 2025/26 near the top end of its earnings guidance. The company reported a strong third quarter and improved performance across its core businesses.
What the Nine-Month and Third-Quarter Results Showed
The copper and multimetal producer posted operating EBT of €374 million for the first nine months, up 31% from €286 million a year earlier. Operating EBITDA also climbed to €570 million, compared with €462 million in the corresponding period.
Third-quarter operating EBT reached €149 million, more than double the €57 million recorded a year earlier and significantly above the €121 million reported in the second quarter.
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Why Prices and Volumes Moved
The strong performance was mainly driven by higher copper and precious metal prices, stronger sulfuric acid sales, and better recycling revenues, according to a company news release.
Higher capacity utilization rates and robust copper product sales also contributed to the earnings growth. The previous year's results had been badly impacted by scheduled maintenance at Aurubis' Bulgarian operations.
Why the Outlook Was Raised
Based on strong quarterly performance, Aurubis now expects fiscal-year operating EBT between €425 million and €525 million, which is at the upper end of its previously released forecast.
What Happens Next
Meanwhile, the company noted that ramp-up of Aurubis Richmond — the first secondary smelter for multimetal recycling in the U.S. — as well as the expansion of its Bulgarian copper tankhouse, is in full progress.
People Also Ask
What is Aurubis' updated full-year earnings guidance?
Aurubis now expects fiscal-year 2025/26 operating EBT between €425 million and €525 million, the upper end of its previous forecast.
How much did Aurubis' nine-month operating EBT increase?
Nine-month operating EBT rose 31% to €374 million, up from €286 million in the same period a year earlier.
What drove Aurubis' third-quarter earnings growth?
Higher copper and precious metal prices, stronger sulfuric acid sales, better recycling revenues, and higher capacity utilization drove the gain.
Why were the prior year's results weaker?
A scheduled maintenance shutdown at Aurubis' Bulgarian operations weighed on results in the comparable period a year earlier.
What expansion projects is Aurubis currently advancing?
Aurubis is ramping up its Richmond, U.S. secondary smelter for multimetal recycling and expanding its Bulgarian copper tankhouse.