Aurubis achieves robust operating result in Q1 2024/25

Aurubis AG, a leading global provider of nonferrous metals and one of the largest copper recyclers worldwide, achieved robust operating earnings before taxes (EBT) of € 130 million in the first three months of fiscal year 2024/25 (previous year: € 111 million). In the Multimetal Recycling segment, Aurubis achieved operating EBT of € 27 million (previous year: € 29 million) and a quarterly result of € 125 million (previous year: € 107 million) in the Custom Smelting & Products segment. The Group’s operating ROCE (return on capital employed; determined taking the EBT of the last four quarters into consideration) rose to 11.7 % (previous year: 9.7 %) as at the December 31, 2024 reporting date. IFRS consolidated earnings before taxes (EBT) were € 339 million (previous year: € 72 million).*

A significant rise in the metal result due to higher metal prices, considerably increased sulfuric acid revenues, robust earnings from copper product sales, and lower costs had a positive effect. These positive effects more than compensated for a year-over-year drop in treatment and refining charges with lower concentrate throughput, a mild decline in earnings from the processing of recycling materials, and increased depreciation and amortization and personnel expenses related to investment in growth.

“The robust operating result of the first three months of the current fiscal year is another example of how Aurubis is continuing to build on its success. Our metals are the key to the energy and mobility transition,” Aurubis CEO Dr. Toralf Haag emphasized. “Our cash flow developed positively despite intense investment in our international smelter network. This endorses our solid business model, successful even in macroeconomically challenging times.”