Minmetals Resources (01208) Announces Interim Results Profit attributable to equity holders increased 164% year-on-year to US$897 million

According to the Zhitong Finance App, Minmetals Resources (01208) announced its 2026 interim results. Revenue increased 61% year on year to 4.54 billion US dollars, profit after tax increased 141% year on year to 1.366 billion US dollars, profit attributable to the company's equity holders increased 164% year on year to 897 million US dollars, and basic profit per share was 7.36 US cents. Net cash flow from operating activities increased 89% to a record level of approximately US$2,234 million.

According to the announcement, the increase in performance was mainly due to stable and rigorous execution of operations, favorable commodity prices, strong operating cash generation capacity, and the successful completion of the issuance and share placement of approximately US$1.6 billion in convertible bonds.

Minmetals Resources maintains the 2026 production guidelines. Copper production is expected to be 493,000 tons to 528,000 tons, and zinc production is 215,000 tons to 235,000 tons.