Strong Adjusted EBITDA
Glencore finished the year with an adjusted EBITDA of $14.4 billion, with the industrial business contributing $10.6 billion, driven by strong metals performance.
Successful Integration of EVR
EVR contributed $1 billion to EBITDA in the second half of the year, with production up 8% and costs down 14% compared to the first half.
Strong Marketing Performance
Marketing EBIT was at the top end of the $2.2 billion to $3.2 billion guidance, totaling $3.2 billion, mainly driven by metals.
Cash Distribution and Buybacks
Announcement of a $1.2 billion cash distribution to shareholders and a $1 billion buyback to be completed by August 6.
Resilient Zinc Business
Zinc EBITDA improved with strong cost reductions and optimization, contributing $1.4 billion.