Aurubis AG: Multimetal manufacturer maintains success in challenging market environment 

Aurubis AG, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, achieved operating earnings before taxes (EBT) of €229 million in the first six months of 2024/25 (previous year: €243 million). In a challenging market environment, the company successfully kept earnings roughly on par with the same period of the past fiscal year. Operating EBT amounted to €51 million in the Multimetal Recycling segment. The difference compared to the previous year's operating EBT of €75 million is attributable in particular to higher launching costs for the new US site Aurubis Richmond. The 6M result in the Custom Smelting & Products segment was €242 million (previous year: €235 million). 

Operating return on capital employed (ROCE) was 10.2 % as at the March 31, 2025 reporting date (previous year: 10.0 %). It is determined by taking the EBIT of the last four quarters into consideration. At €552 million, IFRS earnings before taxes (EBT) considerably exceeded the previous year (€174 million).*  

A strong metal result, markedly higher than last year due to increased metal prices, substantially impacted earnings. Considerably heightened revenues from sales of sulfuric acid — a by-product of Aurubis copper production — along with good average revenues from copper products also positively impacted the 6M operating result. These effects more than compensated for lower concentrate throughput coupled with reduced treatment and refining charges. 

“In the second quarter, we demonstrated again how in a challenging market environment our solid business model continues to safeguard our success thanks to its diverse earnings drivers,” Aurubis CEO Dr. Toralf Haag emphasized. “Robust financial performance significantly raised our net cash flow year-over-year, and we also improved our free cash flow position considerably despite high investment activity.”