Rubis Q1 2026 Earnings Recap

Aurubis delivered a solid start to fiscal year 2025-26, achieving an operating EBT of EUR 105 million, supported by higher metal prices, although cash flow was impacted by rising working capital costs.

Key Takeaways

• Operating EBT matched market expectations, rising to EUR 105 million, amid favorable commodity pricing.
• EBITDA decreased to EUR 164 million from EUR 184 million due to anticipated cost increases.
• Full-year guidance for operating EBT raised to EUR 375-475 million, reflecting optimism from strong copper demand.
• Concentrate throughput increased by 5%, while copper scrap output declined 5%, highlighting mixed operational performance.
• Forward supply contracts secured for 2026, ensuring reliable material sourcing despite market challenges.