Aurubis credits robust copper demand for profits

Aurubis AG recorded nearly $414 million in earnings before taxes (EBT) in its 2024/2025 fiscal year, which ran from Oct. 1, 2024, to Sept. 30, 2025.

Although the Hamburg, Germany-based copper and nonferrous metals producer—much of it made with recycled content—was profitable, the 12-month EBT figure was down by 14 percent compared with the $481 million in earned in the prior fiscal year.

Aurubis also boosted its net cash flow during the 12 months, increasing by nearly $790 million, its highest level in three years.

The company points to significant investments in strategic growth projects that impacted its bottom line in the most recent financial period, but says its overall profitability was in part driven by higher metal prices and robust demand for copper products.

"Our results for 2024/25 show that even in economically turbulent times, we deliver stable performance, consistently execute our ambitious investment agenda and offer higher dividends,” Aurubis CEO Dr. Toralf Haag says.

“As the leading Western multimetal producer, we are capitalizing on robust demand for strategically critical industrial and precious metals. Our metals are essential enablers of major megatrends like electrification, artificial intelligence and data centers, as well as energy infrastructure and security.“

Aurubis says shareholders will receive an increased dividend amount at the end of the fiscal year, increasing about 6.7 percent to $1.86 per share.

Regarding fiscal year highlights, the company points to the start of production at its Aurubis Richmond facility in Augusta, Georgia, which it says is the first secondary smelter for complex multimetal recycling material in North America.

At that campus, a Phase 1 portion now is producing recycled metal. After Phase 2 is completed, the overall facility will be able to process around 180,000 tons of complex recycling materials annually, according to Aurubis. The plant’s feedstock includes printed circuit boards, wire and cable.

Aurubis also is exploring targeted expansion options in the U.S., a market it says has enormous potential, since it has about 2 million tons of year in copper demand but currently imports about half that volume.

In Europe, the company's more than $1 billion in investment projects include increased recycled metals production in Belgium and Germany.

“We’re setting clear priorities with our revised strategy,” Taag says. “We’re investing in growth where we lead today—in enhancing the efficiency of our unique smelter network and expanding our industry leadership in sustainability. This lays the foundation for lasting success in markets with rising demand for strategic metals.”

In the 2025/26 fiscal year now underway, Aurubis expects its business model to prove resilient in a challenging market environment again. The company anticipates good operating EBT between $350 million and $465 million.