Glencore has launched its first trade receivables securitisation program specifically for its oil and gas marketing business.
The $2.55 billion facility is supported by a consortium of six leading financial institutions and powered by the FIS Supply Chain Finance Platform.
This structured finance initiative is designed to unlock liquidity and streamline operations as part of Glencore’s broader cost and efficiency drive.
https://www.tradefinanceglobal.com/posts/glencore-introduces-trade-receivables-securitisation-program-on-fis-platform/
Glencore Preliminary Results 2025
Glencore reported its preliminary financial results for 2025, showing resilient performance despite challenging market conditions, with strong second-half momentum in copper production and continued portfolio optimization.
Key Details:
Adjusted EBITDA of $13.5 billion, down 6% year-on-year, primarily due to lower coal prices offset by stronger metals pricing
H2 2025 Adjusted EBITDA of $8.1 billion was 49% higher than H1, reflecting improved copper production and higher metals prices
Copper production reached over 500kt in H2 2025, almost 50% above H1, driven by higher grades at KCC, Mutanda, Antapaccay and Antamina
Marketing delivered solid Adjusted EBIT of $2.9 billion, around the midpoint of guidance range ($2.3-3.5 billion)
Net debt remained unchanged at $11.2 billion with a Net debt/Adjusted EBITDA ratio of 0.83x
Recommended total cash distribution of $17c per share (c.$2 billion), comprising $10c base distribution and $7c top-up distribution
Targeting c.1.6 million tonnes of copper production by 2035, with over 1 million tonnes annualised by end of 2028
Completed sale of Viterra stake to Bunge in July 2025; signed MoU to potentially sell 40% of DRC copper and cobalt assets to US-backed Orion consortium
Spot illustrative annualised free cash flow generation of c.$7.0 billion from Adjusted EBITDA of c.$18.1 billion
Why It Matters: Glencore demonstrated strong operational execution with significant second-half improvement, particularly in copper production, positioning itself as a major beneficiary of the energy transition while maintaining financial strength and returning capital to shareholders through its disciplined framework.
https://www.glencore.com/.rest/api/v1/documents/static/d1a49c6b-9771-4bf1-9090-7c136aac8112/GLEN-2025-Preliminary-Results.pdf
Acoin
il y a 4 mois
Interesting day ahead
Lower earning, but $2bn to go to shareholders. I guess delayed gratification is the theme for today 😁
https://www.reuters.com/business/glencore-posts-lower-earnings-returns-2-billion-shareholders-2026-02-18/
Analysts at Berenberg upgraded mining giant Glencore from 'hold' to 'buy' on Wednesday following the group's capital markets day in December.
For the full year, Berenberg expects Glencore to deliver 860,000 tonnes of copper, 951,000 tonnes of zinc, 71,000 tonnes of nickel, 41,000 tonnes of cobalt, 94m tonnes of energy coal and 33m tonnes of steelmaking coal.
"We are not expecting a great deal from Glencore in terms of its dividends for 2026 – rising commodity prices are likely to provide a working capital headwind and we expect net debt of USD $11.7bn at the end of December, above the USD $10bn cap," said Berenberg. "Thus, we expect only a base distribution of USD $0.09 per share."
However, Berenberg noted that Glencore could elect to use the remaining $600m of proceeds from the sale of its stake in Viterra to supplement dividends or buy back more stock.
Berenberg updated its model for its new price deck and the updated capital markets day guidance, with copper becoming "a more dominant part" of its equity story, coupled with M&A upside risk, the German bank lifted its enterprise value/underlying earnings multiple to 6x and its price target from 350p to 480p.
The German bank added that Glencore shares were currently trading on 0.89x net asset value and 3.7x 2026E underlying earnings.
MinceyMcMince
il y a 7 mois
On the move today.
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Foire aux questions
Quel est le cours de l'action Glencore (GLEN) ?
Le prix actuel de Glencore (GLEN) est 519,12 GBX.
Quel est le plus haut sur 52 semaines de GLEN?
Le plus haut sur 52 semaines pour GLEN est 621,37 GBX.
Quel est le plus bas sur 52 semaines de GLEN?
Le plus bas sur 52 semaines pour GLEN est 274,64 GBX.
Quelle est la performance hebdomadaire de GLEN?
Au cours de la semaine dernière, le prix de GLEN a changé de -8,28 %.
Quelle est la performance mensuelle de GLEN?
Au cours du mois dernier, le prix de GLEN a changé de -8,78 %.
Quelle est la performance sur 3 mois de GLEN?
Au cours des trois derniers mois, le prix de GLEN a changé de -1,66 %.
Quelle est la performance sur 6 mois de GLEN?
Au cours des six derniers mois, le prix de GLEN a changé de 31,66 %.
Quelle est la performance annuelle de GLEN?
Au cours de l'année écoulée, le prix de GLEN a changé de 88,7 %.