Earnings Alerts

Glencore Plc (GLEN) Earnings: Record 1H Revenue Surpasses Estimates, Insights on Adjusted EBITDA and Cash Flow Projections

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  • Glencore’s first-half revenue for 2025 surpassed estimates, achieving $117.40 billion compared to the expected $104.92 billion.
  • The company reported an adjusted EBITDA of $5.43 billion, slightly below the estimate of $5.94 billion.
  • Adjusted EBIT was $1.80 billion, falling short of the anticipated $2.56 billion.
  • Marketing EBIT of $1.4 billion slightly exceeded the estimate of $1.37 billion.
  • Glencore anticipates healthy cash flow and deleveraging in the second half of 2025.
  • Expectations include a 40/60 copper production split between the first and second halves of the year.
  • The company plans for some cost savings and anticipates annualised free cash flow at spot commodity prices to be around $4 billion.
  • Despite lower copper production and weaker coal prices, the Industrial Adjusted EBITDA was $3.8 billion, a 17% decrease from the first half of 2024.
  • Glencore maintains strong financial health with a net debt to adjusted EBITDA ratio of 1.08x, improving to 1x after the sale of Viterra on July 2, 2025.
  • The company holds confidence in meeting full-year production guidance, with improved output expected in the second half of the year from key operations like Collahuasi, Antamina, Antapaccay, and KCC.
  • There is strong market confidence in Glencore with 19 “buy” ratings, 2 “hold”, and no “sell” recommendations.

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Glencore Plc on Smartkarma

Analyst coverage on Glencore Plc provided by Dimitris Ioannidis on Smartkarma reveals a bearish sentiment towards the company’s position in the STOXX Europe50 index. In the report titled “Glencore (GLEN): Fast-Exit from STOXX Europe50 In May 2025,” it is highlighted that Glencore currently ranks 77 in the index and faces potential elimination via Fast-Exit if it falls to 75 or worse by 30 April. The analysis predicts Rolls-Royce as the replacement in this scenario, indicating a significant shift in the index composition.

The research also points out future potential changes in the index, mentioning Banco Bilbao Vizcaya Argentaria and Mercedes-Benz Group as forecasted addition and deletion candidates at the September 2025 annual review. This insightful analysis provides valuable information for investors monitoring Glencore’s performance within the STOXX Europe50 and the potential implications for the company’s positioning in the index.


A look at Glencore Plc Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
Resilience2
Momentum2
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

In the long-term outlook for Glencore Plc, the company is seen to have strong value and dividend scores, indicating a solid financial footing and potential returns for investors. With a value and dividend score of 4 out of 5, Glencore is recognized for its attractive valuation and dividend distribution, making it a promising investment option for those seeking stability and income.

However, the growth, resilience, and momentum scores for Glencore are comparatively lower at 2 out of 5. This suggests that the company may face challenges in terms of growth opportunities, resilience to market fluctuations, and momentum in its performance. Investors should consider these factors when evaluating the long-term prospects of Glencore Plc, balancing the strengths in value and dividend with the potential limitations in growth, resilience, and momentum.

Summary of the company: Glencore Plc is a diversified natural resources company operating in Metals and Minerals, Energy Products, and Agricultural Products globally.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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