The earnings call highlighted significant revenue and EBITDA growth, increased copper prices, and record production figures. However, the call also addressed challenges in water management, environmental audits, and production declines in certain areas, such as silver and molybdenum. KGHM is focused on operational improvements and addressing past issues.
Company Guidance
During the KGHM Polska Miedz S.A. conference call discussing the 2024 fiscal results, several key metrics and achievements were highlighted. The company's adjusted EBITDA increased by 25% year-on-year to 4.4 billion zlotys, while the group level adjusted EBITDA saw a 58% rise to 8.457 billion zlotys. Net results for KGHM stood at 2.8 billion zlotys, reflecting a significant recovery from the previous year, with copper production facing challenges due to an overhaul at the Głogów smelter. Despite a 6% decline in silver production, the company maintained a stable production mix, with third-party input accounting for 35% of smelting. KGHM's domestic revenues grew by 3%, bolstered by a 2% increase in copper prices and a 14.7% rise in silver prices in zloty terms. The company also focused on cost control, achieving a negative 2% increase in costs and planning further cost optimization efforts for 2025. Additionally, significant progress was made in international operations, with Sierra Gorda and Robinson mines showing production improvements. The call also emphasized strategic investments and the need for long-term planning, particularly in managing environmental challenges and enhancing operational efficiencies.
Revenue and Growth Metrics
KGHM Polska Miedz S.A. reported domestic revenue growth of 3%, with an adjusted EBITDA increase of 25% year-on-year. The group adjusted EBITDA rose by 58%, and the net result was 2.8 billion zlotys.
Copper Price Surge
Copper prices increased by 8% in USD terms and 2% in PLN terms. Silver prices rose by 21% in USD terms and 14.7% in PLN terms.
Record Production
The company achieved record-high production of rolled metal, with 271,000 tons produced at Cedynia Smelter due to significant demand.
Operational Improvements
The Robinson Mine reported a 52% increase in payable copper production compared to the previous year.
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KGHM Polska Miedz SA (KGHPF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KGHPF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 26, 2025
$36.50
$35.12
-3.78%
Nov 13, 2024
$32.50
$32.63
+0.40%
Aug 13, 2024
$32.18
$32.01
-0.53%
May 15, 2024
$39.16
$39.10
-0.15%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KGHM Polska Miedz SA (KGHPF) report earnings?
KGHM Polska Miedz SA (KGHPF) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is KGHM Polska Miedz SA (KGHPF) earnings time?
KGHM Polska Miedz SA (KGHPF) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.