嘉能可Glencore（GLEN）2025年半年度财报「LSE」（英文版）（21页）.pdf

1、 Glencore Half-Year Production Report 2025 1 NEWS RELEASE Baar,30 July 2025 Half-Year Production Report 2025 5%CuEq production uplift for H1 2025 over H1 2024,with the integration of EVRs steelmaking coal volumes Glencore Chief Executive Officer,Gary Nagle:“Over the first half,we have continued to m

2、ake significant progress in optimising the business and positioning for further value accretive growth.“A comprehensive review of our industrial asset portfolio during the period recognised opportunities to streamline our industrial operating structure,to optimise departmental management and reporti

3、ng,and to support enhanced technical excellence and operational focus.“This review also identified c.$1bn of cost savings opportunities(against a 2024 baseline)across our various operating structures,which are expected to be fully delivered by the end of 2026.H2 2025 is expected to already generate

4、significant cost savings resulting from these initiatives-further details will be provided in our Half-Year results on 6 August.“Recent business reviews also confirmed our confidence in delivering our full year production guidance,with the ranges now tightened to reflect performance to date.“We rema

5、in focussed on delivering safe reliable production and achieving value accretive growth across our industrial asset portfolio in the coming years.“Given completion of the sale of Viterra in early July,and,despite no longer including our share of Viterra earnings in our Marketing Adjusted EBIT going

6、forward,we now take the opportunity to revise up our through the cycle long-term marketing Adjusted EBIT guidance range to$2.3 to$3.5 billion p.a.(from the$2.2 to$3.2 billion previously),representing a mid-point increase of 16%from c.$2.5 billion(ex-Viterra)to$2.9 billion.”H1 production highlights C