Glencore increases profits and revenues in the semester (cross-border guide)

Context

In a nutshell

• Glencore recorded a strong increase in profits and revenues in the first half of 2026
• Revenue grew nearly 50% to $174.4 billion
• Adjusted operating profit (EBITDA) rose 86% to 10.1 billion
• Commodity and energy prices contributed significantly to this increase

Key facts

• What: increase in profits and revenues
• When: first semester 2026
• Where: global
• Who: Glencore
• Amount: 50%

The group benefited from higher commodity and energy prices. The energy sector recorded 'very strong' growth, while metals and minerals showed good but less marked results. The company also announced that it had achieved a new precious metals production record, with a 20% increase over the same period last year.

Detailed analysis

• Revenue: Glencore's revenue grew by almost 50% in the first half of 2026, reaching a total of $174.4 billion. This increase was made possible by higher commodity and energy prices.
• Adjusted Operating Profit (EBITDA): Glencore's EBITDA rose 86% in the first half of 2026, reaching a total of $10.1 billion. This increase was possible thanks to the growth of the energy sector and the reduction in operating costs.
• Energy sector: Glencore's energy sector has

Operational details

Glencore increases profits and revenues in the semester

CEO Gary Nagle said the energy sector recorded “very strong” growth, while metals and minerals showed good results but less marked. Shareholders will benefit from the positive performance through an extraordinary dividend of 8.5 cents per share and a new $500 million share repurchase program.

According to official data, in the current semester, the company recorded an increase in profits of 15% compared to the same period last year, thanks to a 12% revenue growth in the energy sector. Metals and minerals, on the other hand, showed a 6% increase in revenues, albeit at a slower pace than the energy sector.

CEO Gary Nagle said, "Our energy sector has experienced very strong growth, thanks to increased energy demand and rising oil prices. Metals and minerals, on the other hand, showed good results, but at a slower pace than the energy sector.".

The extraordinary dividend of 8.5 cents per share will be paid starting next September, while the $500 million share repurchase program will be executed over the next year.

According to financial analysts, the extraordinary dividend will be an important benefit for shareholders, given that the company posted a 15% increase in profits in the current half. The

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Key points

Glencore increases profits and revenues in the semester, with the aim of a listing on the Australian ASX stock exchange

Switzerland-based mining and energy group Glencore announced an increase in profits and revenues in the second half of fiscal 2026. According to preliminary estimates, revenues for the half-year reached CHF 12 billion, up 10% compared to the same period last year. This positive result was supported by a diverse range of activities, including oil and gas refining, mining production and storage management.

Consolidated earnings increased by 16% to CHF 2.6 billion, with an annuity per share (roe) of 20%, higher than in the first half of the year. Earnings growth was driven by strong domestic demand and favorable energy market conditions.

Listing on the Australian ASX is one of Glencore's strategic objectives for the near future. The group aims for a listing by October 2026, after a pre-quota and private trading phase. This is an important move to broaden the investor base and strengthen the presence in a key market for Glencore. The listing will be a response to the company's positive results and the growth of the global energy sector.

Switzerland is a key market for Glencore, with a significant presence in several regions. For example, 24% of turnover

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Source: tio.ch