Aurubis AG Raises Annual Forecast After Strong Nine-Month Results
- Aurubis achieved €286 million in operating EBT and €462 million in operating EBITDA by Q3 2024/25.
- Net cash flow rose to €357 million, driven by higher metal and sulfuric acid revenues.
- Over 70% of the €1.7 billion for strategic projects was invested by Q3 2024/25.
- Aurubis Richmond US site commissioning begins in September 2025, with full ramp-up in 2026.
Financial Performance
Aurubis AG reported €286 million in operating earnings before taxes (EBT) for the first nine months of fiscal year 2024/25, with operating EBITDA at €462 million. The net cash flow significantly increased to €357 million, driven by higher metal prices and increased revenues from sulfuric acid and copper product sales.
Strategic Investments
By the end of Q3 2024/25, Aurubis had invested over 70% of the €1.7 billion allocated for strategic projects. These investments are expected to contribute an additional €260 million annually to EBITDA in the future.
Project Developments
The commissioning of the Aurubis Richmond site in the US marks a significant milestone, with pre-commissioning of the first stage already underway. Full commissioning is set for September 2025, with ramp-up continuing into 2026. Once fully operational, the site will process 180,000 tons of complex recycling materials annually.
Operational Adjustments
Aurubis conducted a major shutdown at its Bulgaria site, completing 120 measures to enhance performance and extend the interval between scheduled shutdowns from two to three years.
Outlook
Aurubis has narrowed its forecast for the 2024/25 fiscal year, projecting operating EBT between €330 and €370 million. The company expects continued strong revenues from sulfuric acid and copper products, despite challenges in the supply of copper concentrates and recycling materials.
Source: Aurubis