Glencore has reported a 49% increase in revenue for the first half of 2026 (H1 2026) to $174.43bn, compared to $117.39bn in H1 2025.
The company’s overall group adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) reached $10.1bn, an 86% increase from the previous year
Industrial adjusted EBITDA saw a 72% rise to $6.5bn, largely due to higher commodity prices. Marketing adjusted earnings before interest and taxes climbed 142% to $3.3bn, a near record high. Glencore also reported a substantial increase in funds from operations, which were up 158% to $8.1bn.
Capital expenditures for the net cash purchase and sale of property, plant and equipment rose to $4bn, up from $3.2bn in the prior period, with a significant portion invested in its copper portfolio to enhance growth and operational flexibility. Net income attributable to equity holders was reported at $4.4bn, reflecting gains from the disposal of non-current assets and the recognition of deferred tax assets, offset by some impairments. Glencore CEO Gary Nagle said: “We delivered another strong operational and financial performance for the first half of the year.