Aurubis (ETR:NDA) reported higher operating earnings for the first nine months of fiscal 2025/26, supported by metals pricing, recycling activities, sulfuric acid and copper-product demand, while management said it expects full-year operating EBT near the upper end of its…
recast range. Operating earnings before taxes rose 31% year over year to €374 million in the first nine months, while operating EBITDA reached €570 million
Third-quarter operating EBT was €149 million, up 23% from the preceding quarter, according to Chief Executive Officer Toralf Haag. Group revenue increased 29% to €17.8 billion, primarily reflecting higher metal prices and solid operating performance, Chief Financial Officer Steffen Hoffmann said. Operating return on capital employed improved to 9.4% from 9.1%, marking its third consecutive quarterly increase.
Metals, sulfuric acid and recycling offset concentrate pressure Aurubis said its results benefited from higher copper, gold and silver prices, as well as improved production volumes across the group. Sulfuric acid was a particularly supportive earnings driver during the third quarter as Middle East shipping restrictions and China’s sulfuric-acid export ban pushed prices to new highs. Hoffmann said the company leveraged the tight sulfuric-acid market sooner than it had expected.