Glencore’s first-half adjusted EBITDA rose 86% to $10.1 billion, driven by strong commodity trading and higher prices.
Glencore reported a sharp rebound in first-half earnings, with revenue climbing 49% to $174.4 billion. Adjusted EBITDA surged 86% to $10.1 billion, supported by higher commodity prices and a 142% jump in trading profits to $3.3 billion amid Middle East conflict disrupting oil, LNG, and shipping markets.
Net income swung to $4.4 billion from $655 million a year earlier. The industrial division also saw gains, with adjusted EBITDA rising 72% to $6.5 billion, though costs and supply-chain issues persisted. Copper and coal prices contributed to the uplift.
Glencore announced $1.5 billion in additional shareholder returns, including a special cash distribution and a $500 million buyback. Total planned returns for 2026 now stand at $3.5 billion. The company also plans a secondary listing on the Australian Securities Exchange in October.