Aurubis AG, a global provider of nonferrous metals and one of the largest copper recyclers worldwide, closed fiscal year 2024/25 on a solid note.
The company achieved operating earnings before taxes (EBT) of €355 million (previous year: €413 million) in a challenging environment, placing the multimetal producer in its €330 to 370 million forecast corridor. Operating EBITDA came in at €589 million, only a modest decline from the prior year (€622 million).
Aurubis also boosted net cash flow by nearly 30 percent to €677 million (prior year: €537 million) as at September 30, 2025 – the highest level in three years. Significant investments in strategic growth projects impacted operating ROCE, which declined to 8.8 percent (previous year: 11.5 percent). IFRS consolidated earnings before taxes (EBT) amounted to €727 million, driven by higher metal prices and significantly exceeding the previous year (€523 million).
In the past 2024/25 fiscal year, Aurubis benefited from a year-over-year considerably higher metal result, a significant jump in revenues from sulfuric acid, and robust demand for copper products. These positive effects were partly offset by lower concentrate throughput at reduced treatment and refining charges, a slight decline in recycling revenues, and the anticipated higher ramp-up costs and depreciation from strategic projects.
“Our results show that even in economically turbulent times, we deliver stable performance, consistently execute our ambitious investment agenda, and offer higher dividends,” chief executive officer Dr. Toralf Haag emphasized. “As the leading Western multimetal producer, we are capitalizing on robust demand for strategically critical industrial and precious metals. Our metals are essential enablers of major megatrends like electrification, artificial intelligence and data centers, as well as energy infrastructure and security.”
Our results show that even in economically turbulent times, we deliver stable performance, consistently execute our ambitious investment agenda, and offer higher dividends.
Based on the fiscal year 2024/25 results, Aurubis is raising the dividend. The supervisory board and executive board will propose a dividend of €1.60 per share (previous year: €1.50) at the annual general meeting to be held on February 12, 2026. This would correspond to a payout ratio of around 27 percent (previous year: 20 percent) of operating consolidated net income.
Published December 2025
