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Duncan wanblad

Half Year Results 2025

Watch the video

Duncan Wanblad and John Heasley discuss our Half Year Results 2025

Learn about our strategic progress.

Join Duncan Wanblad, Chief Executive Officer and John Heasley, Chief Financial Officer, for our 2025 half year results presentation webcast which took place on Thursday 31 July 2025.

Read the press release

We have announced our Half Year Results 2025

You can catch-up with the results presentation or listen to the audio simply by using the webcast and dial-in details found on this page. All items associated with our Half Year Results are included on this page including the press release and presentation slides.

Phone dial-in Conference ID 6060108

2025

Interim Results
Quarterly production reports

2024

Annual Results
Interim Results
Quarterly production reports

2023

Annual Results
Interim Results
Quarterly production reports

2022

Annual Results
Interim Results
Quarterly production reports

2021

Annual Results
Interim Results
Quarterly production reports

2020

Annual results
Interim Results
Quarterly production reports

2019

Annual results
Interim results
Quarterly production reports

2018

Annual results
Interim results
Quarterly production reports

2017

Preliminary results
Interim results
Quarterly production reports

2016

Preliminary results
Interim results
Quarterly production reports

2015

Preliminary Results
Interim results
Investor Day
Quarterly production reports

2014

Preliminary results
Interim results
Investor Day
Quarterly production reports

2013

Preliminary results
Interim results
Investor Day
Quarterly production reports

2012

Preliminary results
Interim results
Quarterly production reports

2011

Preliminary results
Interim results
Quarterly production reports
 

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Financial highlights

Revenue ($m)
8,954
Underlying EBITDA* ($m)
2,955
EBITDA margin*
32%
Attributable free cash flow* ($m)
322
Basic underlying earnings per share* ($)
0.32
Attributable ROCE*
9%
Loss attributable to equity shareholders of the Company
(1,879)
Basic underlying earnings per share* ($)
0.15
Loss per share ($)
(1.58)
Interim dividend per share ($)
0.07

Sustainability performance

Key sustainability performance indicators(1)

Anglo American tracks its strategic progress using KPIs that are based on our seven pillars of value: safety and health, financial, cost, environment, people, production and socio-political. In addition to the financial and cost performance set out above and our operational performance on pages 3-31, our performance for the remaining four pillars is set out below, with further detail on pages 12-14.

Sustainability reporting accounts for 100% of managed operations (including both continuing and discontinued operations) until the date of divestment.

Zero mindset

Occupational safety

We tragically lost two colleagues in fatal incidents in the first half of 2025. On 4 February, Mr Edvan de Jesus Pinto Bogea, a colleague working for MIP Engenharia, a contractor company working on the construction of the Filtering Plant Project at Minas-Rio in Brazil was fatally injured in a fall from height incident during construction activities. On 20 April, Mr Felix Kore, a colleague working at the Unki PGMs mine in Zimbabwe was fatally injured in a mobile equipment incident.

Occupational health

Our health and well-being strategy, aligned with the World Health Organization (WHO) Healthy Workplace model, has been updated to include Total Worker Health concepts that integrate actions to support the health and well-being of our workforce and host communities. This integrated strategy incorporates our WeCare well-being programme and other social performance activities, including our livelihoods-support programmes. It requires us to work synergistically to support our people and achieve our health and well-being goals.

2 Work-related fatal injuries(3)
1.20 Total recordable injury frequency rate (TRIFR) per million hours
4 New cases of occupational disease

Healthy environment

Our existing Sustainable Mining Plan includes commitments to be a leader in environmental stewardship. These include our aims, by 2030, to reduce operational greenhouse gas (GHG) emissions (Scopes 1 and 2) by 30%; achieve a 50% reduction in fresh water abstraction in water scarce areas; and deliver net-positive impacts in biodiversity across our managed operations.

4.3 GHG emissions – Scopes 1 & 2
(Mt CO2e)(4)
12,423 Fresh water withdrawals (ML)(4)(9)
0 Level 4-5 environmental incidents

Thriving communities

We continue working to strengthen and broaden our social performance competencies through embedding our social performance management system – the Social Way – across Anglo American. Through the implementation of the Social Way, which we believe is one of the most robust and comprehensive social performance management systems in the mining sector, we protect and enable both business and stakeholder value. Through our collaborative regional development initiatives, we are working actively to support local and regional economies, as well as the lives and livelihoods of the communities where we operate.

36% Women in management(5)
26% Women in the workforce
4.5% Voluntary labour turnover

Trusted corporate leader

Tightly linked to our safety imperative and our Values, we strive to create a workplace that places people at its heart. We are committed to promoting an inclusive and diverse environment where every colleague is valued and respected for who they are, and has the opportunity to fulfil their potential.

157,199 Number of jobs supported off site(6) (9)
5.1 Local procurement spend ($bn)(7)
1,991 Taxes and royalties ($m)(8)

(1) Sustainability performance indicators for the six months ended 30 June 2025 and the comparative period are not externally assured.
(2) Targets indicated are in reference to our existing Sustainable Mining Plan’s commitments and goals.
(3) 2025 reported performance includes one work-related fatality at the PGMs business (considered a discontinued operation under financial reporting, but included in sustainability data per the sustainability basis of preparation).
(4) Data for current and prior period is to 31 May 2025 and 31 May 2024, respectively.
(5) Management includes middle and senior management across the Group.
(6) Jobs supported since 2018, in line with the Sustainable Mining Plan’s Livelihoods stretch goal. Current and prior period data represented is at 31 December 2024 and 2023 respectively.
(7) Local procurement is defined as procurement from businesses that are registered and based in the country of operation – also referred to as in-country procurement – and includes local procurement expenditure from the Group’s subsidiaries and a proportionate share of the Group’s joint operations, based on shareholding.
(8) Taxes and royalties include all taxes and royalties borne and taxes collected by the Group. This includes corporate income taxes, withholding taxes, mining taxes and royalties, employee taxes and social security contributions and other taxes, levies and duties directly incurred by the Group, as well as taxes incurred by other parties (e.g. customers and employees) but collected and paid by the Group on their behalf. Figures disclosed are based on cash remitted, being the amounts remitted by entities consolidated for accounting purposes, plus a proportionate share, based on the percentage shareholding, of joint operations. Taxes borne and collected by equity accounted associates and joint ventures are not included. Data is inclusive of both continuing and discontinued operations, in alignment with the sustainability performance reporting basis of preparation.
(9) Prior period comparatives have been restated to reflect data model updates and the results of external assurance findings at 31 December 2024.

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