Glencore reported a net loss of $655 million in the first half of 2025, higher than the $233 million loss recorded in the same period last year, according to a report released on Wednesday, 6. The result, affected by accounting write-downs of $900 million, went against analysts' expectations of a $337 million profit, according to a Visible Alpha survey.
The Anglo-Swiss mining company's adjusted Ebitda fell 14% in the same comparison, to $5.43 billion, coming in below the market consensus of $5.56 billion.
The half-year revenue totaled $117.39 billion, slightly higher than the previous year.
Glencore also said it plans to maintain its primary listing in London, after concluding that a potential move to New York would not benefit its shareholders.
*With information from Dow Jones Newswires.
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