Aurubis raises full-year forecast

In light of an improved market and earnings outlook, Aurubis AG has raised its full-year forecast for operating earnings before taxes (EBT) from the current 300-400 million euros ($359-$478.7 million) to 375-475 million euros ($448.8-$568.5 million).

The company, based in Hamburg, Germany, says the increased earnings forecast is based on higher metal prices and very good overall demand for copper products.

The copper and nonferrous metals producer reported operating EBT of 105 million euros ($125.7 million) in the first quarter of its 2025/2026 fiscal year, down from 130 million euros ($155.6 million) one year earlier, which it says was in line with capital market expectations.

International financial reporting standards consolidated EBT in the first quarter of 2025/26 were 429 million euros ($513.5 million) compared with 339 million euros ($405.7 million) the previous year.

Aurubis says it closed its 2024/2025 fiscal year on a solid note, having benefited from a year-over-year considerably higher metal result, a significant jump in revenue from sulfuric acid and robust demand for copper products. These positive effects were partly offset by lower concentrate throughput at reduced treatment and refining charges, a slight decline in recycling revenues and the anticipated higher ramp-up costs and depreciation from strategic projects.