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Aurubis Stock NDA.DE

Aurubis AG · IR documents · Reporting currency EUR · Quarterly reporting · Figures as of Q4 FY2026 (Jul to Sep 2026) · updated 2026-10-09 · checked 2026-10-08 · ISIN DE0006766504

Aurubis stock (NDA.DE): Quarterly and annual results since 2023 from Quarterly Report and IR documents: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Latest reading: Loss-making.

Loss-making

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Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
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Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own. Methodology

Aurubis AG is one of Europe's largest copper producers and a global leader in multi-metal recycling. The company processes copper concentrates and secondary raw materials into refined copper cathodes, copper rod, shapes, and profiles, as well as precious metals, specialty metals, and sulfuric acid as a by-product. Revenue is driven primarily by copper and precious metals product sales, with additional contributions from recycling services and sulfuric acid. Core earnings are generated through treatment and refining charges (TC/RCs) negotiated with mining companies for processing copper concentrates, complemented by margins on recycling feeds and by-product revenues. Aurubis operates integrated smelting and refining facilities in Germany (Hamburg, Lunen), Bulgaria (Pirdop), Spain (Berango), and the United States (Buffalo, Richmond), with the Aurubis Richmond greenfield expanding North American recycling capacity.

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Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number. Methodology

Assessment by NadirAlpha, as of Q4 FY2026 (Jul to Sep 2026).

Aurubis reported revenues of 6,036 million euros in Q2 2025/26, alongside operating income of 118 million euros and net income of 479 million euros. Over the nine months to June 2026, revenues rose 29% to €17,769 million driven primarily by higher copper and precious metals prices, and operating EBT improved 31% to €374 million 32. Aurubis raised its full-year FY 2025/26 operating EBT guidance to €425-525 million (previously €375-475 million) and confirmed expectations toward the upper end of that range 33. The Complex Recycling Hamburg (CRH) facility was inaugurated in July 2026, while the Aurubis Richmond ramp-up timeline was extended by approximately one year 32.
Management commentary on the 2026-Q2 results (IR-Quarter, 2026-08-06):
“Our focus on the multimetal business is paying off. We are delivering reliability, even in a highly demanding market environment. This is reflected in our smelters' heightened operating performance. We are also seeing more and more of our strategic projects ramp up.” Toralf Haag, Chief Executive Officer 32
Revenue · 2026-Q36,449€m+40.3 % vs. 2025-Q3
Net profit · 2026-Q3114€m+155.9 % vs. 2025-Q3
EPS · 2026-Q32.61€+177.7 % vs. 2025-Q3
Revenue trend
Guidance
No guidance on record for periods after 2026-Q4.
Profitability
Aurubis recorded operating income of 118 million euros and net income of 479 million euros in Q2 2025/26. Free cash flow for the quarter was 45 million euros, reflecting operating cash flow of 169 million euros and capital expenditures of 124 million euros. Over the nine-month period, operating EBITDA improved 23% to €570 million and operating ROCE reached 9.4%, compared to 9.1% in the prior-year period 32.
Leverage
Net debt at the close of Q2 2025/26 stood at 357 million euros, with a cash position of 167 million euros. Nine-month net cash flow declined to -€28 million (prior year: €357 million) owing to temporary inventory build-up for the phased Pirdop tankhouse commissioning 33. Management confirmed full-year free cash flow (pre-dividend) at break-even at minimum 33.
Management view
Aurubis raised its full-year FY 2025/26 operating EBT guidance to €425-525 million (from the previous range of €375-475 million), reflecting improved earnings across metal results, recycling raw material revenues, and copper product and sulfuric acid sales 32. Management guided toward the upper end of the raised range 33. Strong current demand for copper products and sulfuric acid supports the positive earnings trajectory into the second half of the fiscal year 33.
Change
The Aurubis Richmond ramp-up schedule was extended: Phase 1 completion is now targeted for FY 2026/27 and Phase 2 for FY 2027/28, shifting the medium-term EBITDA contribution by approximately one year 33. The revision reflects longer-than-planned commissioning overlap and changes in the quality and quantities of recycling raw materials available compared to the original project plan 34. Rossmann Beteiligungs GmbH disclosed its intent to influence the composition of the Aurubis Supervisory Board 32.
Risks (current)
Treatment and refining charges (TC/RCs) for copper concentrates remain under pressure from a persistent global supply deficit, constraining primary smelting margins 32. Ongoing Middle East shipping restrictions and Chinese export restrictions on sulfuric acid limit sulfuric acid availability and pricing 34. Anticipated US tariff measures are widening copper cathode price spreads, and geopolitical uncertainty in the Middle East could weaken product demand and order placements 32.
New this reporting period
The Pirdop copper tankhouse expansion reached the commissioning phase during FY 2025/26, with equipment installation finalised and cathode capacity set to increase by 120,000 tonnes to a total of 340,000 tonnes of refined copper 33. Complex Recycling Hamburg (CRH) was inaugurated in July 2026 with first external volumes treated and initial three-month ramp-up targets exceeded 33. The Reducing Diffuse Emissions (RDE) system expansion was completed in June 2026 32.
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Price & Chart#

Interactive price chart (TradingView) and the trend of key figures from the core tables. Methodology

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Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own. Methodology

Ramp-up of newly commissioned recycling capacity (Aurubis Richmond in the US and Complex Recycling Hamburg)
Both multimetal recycling plants moved into operation (Aurubis Richmond started up in September 2025 28, 22; Complex Recycling Hamburg was commissioned 33), adding treatment capacity for complex recycling materials that underpins the recycling-led growth strategy 28
Multimetal Recycling (MMR) segment
MMR revenue of EUR 6,036 million scale segment reported down 13% year-on-year, the weaker of the two reporting segments 32
Custom Smelting & Products (CSP) segment
CSP, the larger reporting segment, was broadly stable with no reported change versus the prior-year period 32
Complex Recycling Hamburg (CRH)
CRH project moved from planning to commissioning, bringing additional complex-recycling throughput online 33, 31
Aurubis Richmond secondary smelter (Georgia, US)
Richmond recycling plant Phase 1 commissioned in September 2025, with the second stage / Phase 2 planned, extending recycling capacity in North America 28, 22
Operating profitability
Operating income rose to EUR 146 million from EUR 118 million in the prior quarter, with guidance confirmed 34
Capacity investment and expansion pipeline
Multiple expansion projects remain active, including tankhouse expansion at Pirdop 32, the Precious Metals Refinery Hamburg 35 and further solar parks at Pirdop 28, sustaining elevated capex of EUR 141 million 34

Sector trend: Demand is oriented toward recycling and complex-materials treatment capacity, with Aurubis adding smelting and recycling throughput through new plants in the US and Hamburg 28, 33. Heavy expansion spending keeps free cash flow negative at EUR -330 million and net debt higher at EUR 686 million as the capacity build-out continues 34.

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Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginguidancestrategyfinancials2023-Q12023-Q22023-Q32024-Q12024-Q22024-Q32024-Q42024-H1FY20242025-Q12025-Q22025-Q32025-Q42026-Q12026-Q22026-Q3
2026 · 15 events

2026-Q3 · Apr to Jun 2026

Operating income doubled 2026-08-21
Operating income more than doubled YoY (62.0 to EUR 146.0 million, +135%). 34
Revenue accelerating 2026-08-21
Revenue growth accelerated to +40.3% YoY (prior period +21.5%). 34

2026-Q2 · Jan to Mar 2026

“Aurubis guidance: Operating EBT expected to come in around the upper end of the forecast range of €425 to 525 million” Aurubis AG 33
“We have a clear objective: To make Aurubis a place where people can grow, feel safe, and achieve great things together.” Dr. Toralf Haag, CEO 28
Net income doubled 2026-08-21
Net income more than doubled YoY (76.0 to EUR 479.0 million, +530%). 34
Cash flow inflection 2026-08-21
Operating cash flow reached EUR 169.0 million vs EUR 12.0 million in 2025-Q2 (×14.1). 34
Guidance confirmed 2026-08-06
Full-year operating EBT guidance confirmed at upper end of EUR 425 to 525 million; free cash flow pre-dividend break-even confirmed as minimum 33
Strategic pivot 2026-08-06
Complex Recycling Hamburg (CRH) inaugurated July 2026 with capacity to treat over 30,000 additional tonnes of recycling materials annually; initial ramp-up targets for first three months exceeded 33
Strategic pivot 2026-08-06
Aurubis Richmond ramp-up timeline extended: Phase 1 to FY 26/27 and Phase 2 to FY 27/28 due to commissioning overlap and dynamic recycling market conditions 33
Margin compressing 2026-03-03
Treatment and refining charges for copper concentrates fell significantly on the spot market throughout FY2024/25; while long-term contracts mitigated exposure, overall gross margin declined year on year 28
Guidance confirmed 2026-03-03
FY2024/25 operating EBT of €355 million confirmed within the forecast range of €330 to 370 million, supported by higher metal result and sulfuric acid revenues 28
Strategic pivot 2026-03-03
Aurubis launched updated strategy 'Aurubis Performance 2030', focusing on five pillars: Impact, Commercial Excellence, Efficiency, Innovation, and Focused Growth 28

2026-Q1 · Oct to Dec 2025

“The higher Q2 result shows: Aurubis delivers reliability, even with challenging market and geopolitical parameters. A considerably improved operating result and higher quarter-over-quarter EBITDA underscore our continued success. Our higher performance and partially improved market conditions led us to raise our full-year forecast.” CEO Dr. Toralf Haag, Chief Executive Officer 29
“With our business activities, we play a crucial role in the energy transformation and the circular economy. Every day, we are committed to making the economy more sustainable, and we are continuing to expand our position as the most efficient and sustainable smelter network in the world by implementing a number of measures and projects.” Inge Hofkens, Chief Operating Officer, Multimetal Recycling 26
Revenue accelerating ◦ 2026-05-11
H1 2025/26 revenues increased 23% year-over-year to EUR 11,320 million, primarily driven by higher precious metal prices 29
Guidance raised 2026-05-11
Full-year operating EBT guidance raised to EUR 425 to 525 million from EUR 375 to 475 million on improved market outlook and higher anticipated results 29
Strategic pivot 2026-05-11
Complex Recycling Hamburg (CRH) achieved first successful melt in March 2026, beginning gradual ramp-up with first blister copper supplied to Hamburg smelter 30
New market 2025-12-11
Aurubis Richmond (US secondary smelter) first module scheduled for commissioning in fall 2024; second module planned for 2026 26
Net income doubled 2025-10-01
Net income more than doubled YoY (99.0 to EUR 322.0 million, +225%). 130
2025 · 15 events

2025-Q4 · Jul to Sep 2025

Operating income doubled 2025-08-05
Operating income more than doubled YoY (190.8 to EUR 438.0 million, +130%). 133
Net income doubled 2025-08-05
Net income more than doubled YoY (149.4 to EUR 324.0 million, +117%). 133

2025-Q3 · Apr to Jun 2025

“The first quarter underscored the exceptional effectiveness of our multimetal capabilities coupled with diversified earnings drivers yet again: Supported by a strong metal result and stable product markets, we delivered a consistent continuation of our course despite a geopolitically turbulent environment. This broad foundation underpins our resilience and provides security. In this context and with market conditions improving, raising our full-year forecast was the logical next step.” Dr. Toralf Haag, Executive Board Chairman 21
revenue 2025-10-01
Revenue increased 25% to €5,284 million in the fourth fiscal quarter, driven by higher precious metal revenues due to a marked rise in metal prices 21
Guidance raised 2025-10-01
FY2025/26 operating EBT guidance raised to €375 to 475 million from the prior range of €300 to 400 million, based on improved market and earnings outlook 21
New market 2025-10-01
Aurubis Richmond secondary smelter reached first-phase commissioning in September 2025, with a twelve-month ramp-up period and planned annual capacity of 180,000 t of complex recycling materials 21
Revenue decelerating 2025-08-18
Revenue growth decelerated to -2.0% YoY (prior period +14.2%). 126
Cash flow inflection 2025-08-18
Operating cash flow reached EUR 167.0 million vs EUR 47.0 million in 2024-Q3 (×3.6). 126

2025-Q2 · Jan to Mar 2025

“Aurubis is on track, with our diverse earnings drivers, we once again showed that we continue to deliver, even in the current challenging economic climate. We are steadily and resolutely driving our corporate strategy forward, and have already successfully realized the majority of our strategic investment projects.” Toralf Haag, Chief Executive Officer 25
“Aurubis is targeting carbon-neutral production before 2050.” Executive Board, Management 35
Guidance confirmed 2025-08-18
FY2024/25 operating EBT guidance sharpened to €330 to 370 million from the prior range of €300 to 400 million, around the midpoint 25
New market 2025-08-18
Aurubis Richmond first commissioning stage planned for September 2025 to process approximately 180,000 t of complex recycling materials into blister copper annually 25
Margin compressing 2025-08-05
9M gross margin slightly below prior year at €1,576 million versus €1,640 million, as the higher metal result only partially offset lower treatment charges and reduced recycling input margins 24
earnings 2025-01-17
Full-year operating EBT reached €413 million from €349 million prior year, within forecast; CSP segment operating EBT rose significantly to €446 million while MMR segment declined to €79 million from €174 million 35
Guidance initiated 2025-01-17
Operating EBT guidance for FY2024/25 set at €300 to 400 million 35
New market 2025-01-17
Aurubis Richmond secondary smelter opened in Georgia, US in September 2024 (€740 million investment, 180,000 t annual capacity), positioned as market leader in multimetal recycling 35

2025-Q1 · Oct to Dec 2024

“In the second quarter, we demonstrated again how in a challenging market environment our solid business model continues to safeguard our success thanks to its diverse earnings drivers. Robust financial performance significantly raised our net cash flow year-over-year, and we also improved our free cash flow position considerably despite high investment activity.” Dr. Toralf Haag, CEO 19
“We currently expect an operating EBT around the middle of the € 300 to 400 million forecast range for 2024/25” Aurubis 20
Revenue accelerating 2025-05-08
H1 FY2024/25 revenues increased 11% to €9,184 million, driven by significantly higher copper and precious metal prices 19
New market 2025-05-08
BOB (Bleed Treatment Olen Beerse) hydrometallurgical facility commissioned at Olen, Belgium on December 10, 2024, with approximately €85 million investment, creating around 30 new jobs and recovering nickel and copper from electrolyte streams 19
2024 · 22 events

FY2024 · Oct 2023 to Sep 2024

“We are actively working towards a more sustainable future. As a pioneer in recycling and in sustainable metal production, we continually optimize our processes, ensuring the environment and natural resources are handled responsibly while steadily improving our environmental footprint across the entire supply and value chain.” Inge Hofkens, Chief Operations Officer Multimetal Recycling 23
Net income doubled 2025-01-17
Net income more than doubled YoY (141.1 to EUR 416.4 million, +195%). 139

2024-H1 · Oct 2023 to Mar 2024

“The strong operating result of €243 million is due to our unique business model based on diversified supply sources, reliable operating performance in our smelter network, and high demand for our metals and products.” Roland Harings, Chief Executive Officer 8
“The strong operating result of 243 million euros is the result of our unique business model, based on diversified sourcing, reliable operational performance in our smelter network, and demand for our metals and products remaining at a high level.” Roland Harings, Vorstandsvorsitzender 6 (translation, original on hover)
Operating income turned negative ◦ 2023-10-01
Operating ROCE declined to 10.0% from 14.1% prior year, attributable to weak H2 2022/23 results from criminal activities against Aurubis and elevated investment levels 8
Net cash to net debt ◦ 2023-10-01
Net financial position shifted from positive €232 million to negative €138 million by March 31, 2024 6
Strategic pivot 2023-10-01
Aurubis Richmond investment increased to €740 million; Precious Metals Refinery (€300 million) approved for Hamburg site; cooperation agreement signed with Codelco 8

2024-Q4 · Jul to Sep 2024

“The robust operating result of the first three months of the current fiscal year is another example of how Aurubis is continuing to build on its success. Our metals are the key to the energy and mobility transition. Cash flow developed positively despite intense investment in our international smelter network. This endorses our solid business model, successful even in macroeconomically challenging times.” Dr. Toralf Haag, Executive Board Chairman 36
“Aurubis continues to build on its success. Cash flow developed positively despite intense investment in our international smelter network.” Dr. Toralf Haag, CEO 15
“Aurubis continues on a successful course. Despite intensive investments in our international smelter network, cash flow has developed positively.” Dr. Toralf Haag, CEO 16 (translation, original on hover)
Strategic pivot 2025-02-08
BOB (Bleed Treatment Olen Beerse) facility commissioned in December 2024 (€85 million investment), recovering valuable metals via hydrometallurgical process at the Olen site in Belgium 36
earnings 2025-02-06
Q1 FY2024/25 operating EBT increased 17% to €130 million from €111 million, driven by higher metal prices and increased sulfuric acid earnings 15
Guidance confirmed 2025-02-06
FY2024/25 operating EBT guidance confirmed at €300 to 400 million with operating ROCE expected between 7 to 11% 37
Net cash to net debt 2025-01-17
Net debt position flipped (-5.0 to +EUR 61.0 million vs 2024-Q2). 129
Revenue decelerating 2025-01-17
Revenue growth decelerated to -75.4% YoY (prior period +12.6%). 129

2024-Q3 · Apr to Jun 2024

Operating income doubled 2024-08-04
Operating income more than doubled YoY (39.0 to EUR 88.0 million, +126%). 126
Net income doubled 2024-08-04
Net income more than doubled YoY (16.0 to EUR 127.0 million, +694%). 126
Revenue accelerating 2024-08-04
Revenue growth accelerated to +12.6% YoY (prior period -7.1%). 126

2024-Q2 · Jan to Mar 2024

“As the significantly higher operating result in the first nine months of 2023/24 clearly shows: With its smelter network, Aurubis is a strong company on the road to success! The colleagues involved in the maintenance shutdown did an amazing job successfully completing the largest and most complex shutdown to date.” Roland Harings, Chief Executive Officer 17
Guidance confirmed 2024-08-05
Full-year 2023/24 operating EBT guidance confirmed at €380 to 480 million range with ROCE expected between 10 to 14% 18
Strategic pivot 2024-08-05
Hamburg site completed its most complex and largest maintenance shutdown in company history (May–July 2024, approximately €235 million capex, approximately €44 million negative EBT effect) 18
Operating income turned positive ◦ 2024-08-04
9M operating EBT increased 30% to €333 million, driven by higher metal results, treatment and refining charges, and lower energy costs 17
Segment divergence 2024-08-04
Multimetal Recycling (MMR) revenue grew +175.9% to EUR 4,324.0 million in 2024-Q2 (99% of group revenue) while group revenue changed -7.1%. 17
Net income halved 2023-10-01
Net income more than halved YoY (121.2 to EUR 51.0 million, -58%). 120

2024-Q1 · Oct to Dec 2023

Operating income turned positive 2024-05-15
H1 operating EBT positively influenced by increased treatment and refining charges for concentrates and higher metal result 14
Guidance confirmed 2024-05-15
FY2023/24 operating EBT guidance confirmed at €380 to 480 million 14
Strategic pivot 2024-05-15
Strategic capital expenditure of approximately €1.7 billion approved, targeting additional EBITDA contribution of approximately €260 million per year over three to five years; Hamburg site shutdown planned for May–July 2024 14
Strategic pivot 2023-12-20
First woman appointed to Executive Board, increasing female representation to 25% 12
EBITDA turned positive 2023-10-01
EBITDA turned positive for the first time after 2 negative periods (-162.0 to +EUR 160.0 million). 141
2023 · 8 events

2023-Q3 · Apr to Jun 2023

“Our € 111 million quarterly result shows that Aurubis continues to deliver strong results, even in challenging times. This is a resounding success for the skilled management team at all the sites in our production network. Buoyed by this tailwind, we will push forward with commissioning the first strategic projects as planned this calendar year. Our growth course is taking visible and measurable shape and delivering the first operating results.” Roland Harings, Chief Executive Officer 9
Revenue decelerating ◦ 2023-10-01
Group revenues declined 5% to €3,896 million, driven by lower metal prices and considerably lower shapes sales 9
Guidance confirmed 2023-10-01
FY2023/24 guidance confirmed: operating EBT €380-480 million, ROCE 10-14% 7
Strategic pivot 2023-10-01
Three Executive Board members agreed to early contract terminations, taking accountability for fraud and theft at the Hamburg plant 9

2023-Q2 · Jan to Mar 2023

“In the third quarter, we again demonstrated that Aurubis is continuing on its successful path and generating impressive results. And even in a quarter in which a 40-day maintenance shutdown was successfully completed at our Bulgarian plant. Sustained high demand drivers, like the mobility and energy transitions, paired with excellent plant availability led to high wire rod revenues in the third quarter as well. We continue to closely follow economic developments in Europe, which predict a drop in industrial activity in key sectors. And our focus remains on safeguarding our international competitiveness by further lowering our energy costs through active energy management. This is also contingent on consistently competitive energy prices for industry, especially in Germany.” ROLAND HARINGS, Chief Executive Officer 10
Revenue decelerating ◦ 2023-08-07
9M revenues declined 9% to €12,951 million, mainly due to lower metal prices compared to prior year 10
Guidance raised 2023-08-07
FY2022/23 guidance raised: operating EBT €450-550 million (previously €400-500 million), ROCE 14-18% (previously 11-15%) 10
Strategic pivot 2023-08-07
Eight approved strategic growth projects with planned total investment of €1.2 billion by end of FY2025/26, projected to contribute €1.3 billion to EBITDA by 2029/30 10

2023-Q1 · Oct to Dec 2022

Revenue decelerating ◦ 2023-05-11
Revenues declined 5% to €8,784 million, reflecting lower sulfuric acid revenues and higher costs 3
Guidance raised 2023-05-11
FY2022/23 operating EBT forecast raised to €450-550 million range 3
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Key Figures (€m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. Methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue (€m) · annual basis, as reported
FY2023FY2023: 17,06417,064FY2024FY2024: 17,13817,138FY2025FY2025: 18,17118,171
Net income (€m) · annual basis, as reported
FY2023FY2023: 141141FY2024FY2024: 416416FY2025FY2025: 539539
EPS (€) · annual basis, as reported
FY2023FY2023: 3.233.23FY2024FY2024: 9.539.53FY2025FY2025: 12.3412.34
Operating cash flow (€m) · annual basis, as reported
FY2023FY2023: 573573FY2024FY2024: 538538FY2025FY2025: 677677
Revenue (€m) · quarterly basis, as reported
2024-Q42024-Q4: 4,1994,1992025-Q12025-Q1: 4,2154,2152025-Q22025-Q2: 4,9694,9692025-Q32025-Q3: 4,5974,5972025-Q42025-Q4: 4,3904,3902026-Q12026-Q22026-Q2: 6,0366,0362026-Q32026-Q3: 6,4496,449
Net income (€m) · quarterly basis, as reported
2024-Q42024-Q4: 1491492025-Q12025-Q1: 99992025-Q22025-Q2: 76762025-Q32025-Q3: -204-2042025-Q42025-Q4: 3243242026-Q12026-Q1: 3223222026-Q22026-Q2: 4794792026-Q32026-Q3: 114114
EPS (€) · quarterly basis, as reported
2024-Q42024-Q4: 3.423.422025-Q12025-Q1: 2.262.262025-Q22025-Q2: 1.731.732025-Q32025-Q3: 0.940.942025-Q42025-Q4: 7.427.422026-Q12026-Q1: 7.377.372026-Q22026-Q2: 2.152.152026-Q32026-Q3: 2.612.61
Operating cash flow (€m) · quarterly basis, as reported
2024-Q42024-Q4: 4854852025-Q12025-Q1: 1781782025-Q22025-Q2: 12122025-Q32025-Q3: 1671672025-Q42025-Q4: 3203202026-Q12026-Q22026-Q2: 1691692026-Q32026-Q3: -189-189
Cash (€m) · annual basis, as reported
FY2023FY2023: 494494FY2024FY2024: 322322FY2025FY2025: 319319
Debt (€m) · annual basis, as reported
FY2023FY2023: 262262FY2024FY2024: 383383FY2025FY2025: 542542
Net Debt (€m) · annual basis, as reported
FY2023FY2023: -232-232FY2024FY2024: 6161FY2025FY2025: 223223
D&A (€m) · annual basis, as reported
FY2023FY2023: 219219FY2024FY2024: 6565FY2025FY2025: 6565
Cash (€m) · quarterly basis, as reported
2024-Q32024-Q3: 69692024-Q42024-Q4: 3223222025-Q12025-Q1: 4514512025-Q22025-Q2: 3703702025-Q32025-Q3: 1181182025-Q42025-Q4: 3193192026-Q22026-Q2: 1671672026-Q32026-Q3: 5353
Debt (€m) · quarterly basis, as reported
2024-Q32024-Q3: 4034032024-Q42024-Q4: 3833832025-Q12025-Q1: 4764762025-Q22025-Q2: 5795792025-Q32025-Q3: 4554552025-Q42025-Q4: 5425422026-Q22026-Q2: 5245242026-Q32026-Q3: 739739
Net Debt (€m) · quarterly basis, as reported
2024-Q32024-Q3: -52-522024-Q42024-Q4: 61612025-Q12025-Q1: 25252025-Q22025-Q2: 2092092025-Q32025-Q3: 3373372025-Q42025-Q4: 2232232026-Q22026-Q2: 3573572026-Q32026-Q3: 686686
Capex (€m) · quarterly basis, as reported
2024-Q32024-Q3: 2412412024-Q42025-Q12025-Q1: 1411412025-Q22025-Q2: 2002002025-Q32025-Q3: 2242242025-Q42026-Q22026-Q2: 1241242026-Q32026-Q3: 141141
FCF (€m) · quarterly basis, as reported
2024-Q32024-Q3: -194-1942024-Q42025-Q12025-Q1: 37372025-Q22025-Q2: -188-1882025-Q32025-Q3: -57-572025-Q42026-Q22026-Q2: 45452026-Q32026-Q3: -330-330
Shown: the most recent fiscal years. Full history since FY2022 is on record.

Fiscal years

Amounts in €m · EPS in € per share · as reported
PeriodCalendar quarterRevenueOp. incomeNet incomeEPS (€)OCFSource
FY2025Q4/2024–Q3/202518,171°731~EBIT53912.3467715
FY2024Q4/2023–Q3/202417,138°518.8EBIT416.49.53537.5139
FY2023Q4/2022–Q3/202317,063.7160~EBIT141.13.23572.738

Quarters

Amounts in €m · EPS in € per share · as reported
PeriodCalendar quarterPublishedRevenueOp. incomeNet incomeEPS (€)FCFCashNet DebtSource
2026-Q3*Q2/20262026-08-066,449146EBIT1142.61≈-3305368632
2026-Q2*Q1/20262026-05-116,036118EBIT479°2.15≈4516735729
2026-Q1*Q4/20252025-10-01––322°7.37*≈–––5
2025-Q4*Q3/20252025-08-054,3904383247.42*≈–31922324
2025-Q3*Q2/20252025-08-184,59762EBIT-2040.94≈-57118337126
2025-Q2*Q1/20252025-05-084,969100EBIT761.73≈-188370209120
2025-Q1*Q4/20242025-02-064,215131EBIT992.26≈374512515
2024-Q4*Q3/20242025-01-174,199190.8149.43.42*≈–3226135
2024-Q3*Q2/20242024-08-044,69088EBIT1271.66≈-19469-52~17
2024-Q2*Q1/20242023-10-014,353129~EBIT511.17*≈43145-56
2024-Q1*Q4/20232023-10-013,896111EBIT–2.05≈–134–6
2023-Q4*Q3/20232023-12-2017,063.7-124-64-1.47*≈–493.7-231.74
2023-Q3*Q2/20232023-08-074,16739EBIT160.37*≈-140243-73~10
2023-Q2*Q1/20232023-10-014,68876EBIT121.21.48≈-24451.1-19~8
2023-Q1Q4/20222023-03-02––42––540–38
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EBITDA (adj.), EPS adj. (not reported in any source for these periods).
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Balance Sheet & Cash Flow (€m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. Methodology

Fiscal years

Amounts in €m · as reported
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
FY2025Q4/2024–Q3/20252025-02-0631954222365677––15
FY2024Q4/2023–Q3/20242025-01-173223836165537.5388149.5139
FY2023Q4/2022–Q3/20232023-03-02493.7262-231.7219572.7–500.738

Quarters

Amounts in €m · as reported
PeriodCalendar quarterPublishedCashDebtNet DebtOCFCapexFCFSource
2026-Q3Q2/20262026-08-0653739686-189141-33032
2026-Q2Q1/20262026-05-111675243571691244529
2025-Q4Q3/20252025-08-05319542223320––24
2025-Q3Q2/20252025-08-18118455337167224-57126
2025-Q2Q1/20252025-05-0837057920912200-188120
2025-Q1Q4/20242025-02-06451476251781413715
2024-Q4Q3/20242025-01-1732238361485––35
2024-Q3Q2/20242024-08-0469403-52~47241-19417
2024-Q2Q1/20242023-10-01145–-5–164436
2024-Q1Q4/20232023-10-01134––-202––6
2023-Q4Q3/20232023-12-20493.7262-231.7500––4
2023-Q3Q2/20232023-08-07243240-73~54194-14010
2023-Q2Q1/20232023-10-01451.1302-19~83107-248
2023-Q1Q4/20222023-03-02540–––––38
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-Q4 · EURm · 10/10)#

Revenue split by segment or product type, exactly as the company itself reports it. Methodology

SegmentSincePeriodBasisRevenueGrowthSource
Custom Smelting & Products (CSP)2023-Q22026-Q23M17,6120%32
Multimetal Recycling (MMR)2023-Q22026-Q23M4,095-13%32
Sulfuric acid2026-Q12026-Q13M84–29
Wire rodFY20242026-Q13M3,727–29
Precious metalsFY20242026-Q13M3,522–29
Copper cathodesFY20242026-Q13M2,492–29
OtherFY20242026-Q13M613–29
Strip, bars and profilesFY20242026-Q13M450–29
ShapesFY20242026-Q13M432–29
Custom Smelting and Products–FY2025–––16
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Products & M&A (57/109 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. Methodology

Product/LineSinceStatusSource
Aurubis Richmond Phase 22027Planned34
Tankhouse expansion Pirdop Bulgaria2026-12Planned8
Maintenance shutdown anode furnace Lünen2026-06Planned22
Solar park Pirdop expansion (2×)2026-06Planned7
Reducing Diffuse Emissions (RDE) system expansion2026-06Launched32
RDE filter system expansion in Hamburg2026-06Planned31
Pirdop Tankhouse Expansion production start2026-06Planned30
Olen Site Copper Mark Audit2026-06Launched21
Copper tankhouse expansion commissioning2026-06Planned29
Aurubis Richmond Phase 1 equipment commissioning and ramp-up2026-05Launched30
Aurubis Avellino Copper Mark Certification2026-03Planned21
Solar park stage 4 completion at Pirdop2026Planned26
Slag processing facility Bulgaria (2×)2026Planned8
Slag processing facility Bulgaria2026Planned6
Electrolysis expansion Pirdop Bulgaria2026Planned6
Aurubis Richmond phase 2 commissioning2026Planned29
Deutsche Giessdraht Copper Mark Assurance2025-12Launched21
Aurubis-4 photovoltaic plant expansion (2×)2025-09Planned31
Aurubis Richmond recycling plant commissioning2025-09Launched28
Aurubis Richmond phase 1 gradual commissioning2025-09Launched29
Aurubis Richmond phase 12025-09Planned34
Aurubis Richmond first phase commissioning2025-09Launched28
Aurubis Richmond US multimetal recycling plant2025-09Launched28
Aurubis Richmond Phase 1 commissioning2025-09Launched22
Aurubis Richmond Phase 1 Commissioning2025-09Launched21
Aurubis Hamburg automated sample preparation system commissioned2025-06Launched25
Solar Park 3&4 Pirdop2025-03Planned24
Complex Recycling Beerse (BOB)2025-03Planned24
Aurubis-3 solar expansion Pirdop2025-03Planned35
Aurubis-2 solar expansion Pirdop2025-03Planned35
Industrial heat expansion with Hamburger Energiewerke2025-01Launched19
Industrial Heat expansion at Hamburg site2025-01Launched15
Industrial Heat 2.0 expansion second phase2025-01Launched23
Industrial Heat 2.0 expansion (Hamburg)2025-01Launched27
Carbon-neutral industrial heat delivery2025-01Launched25
Industrial Heat project expansion phase at Hamburg site2025-01Launched16
Solar park expansion Bulgaria (stages 2 & 3)2025Planned6
Solar park expansion Bulgaria stages 2 & 32025Planned8
Solar expansion Aurubis-4 scheduled2025Planned28
Second phase of Aurubis Richmond in US2025Planned28
RDE filter system expansion at Hamburg2025Planned23
RDE expansion (Hamburg)2025Planned27
Pirdop tankhouse expansion cathode capacity increase2025Planned33
Pirdop gas network connection2025Launched28
Fourth solar park at Pirdop site2025Planned28
Copper electrolysis expansion Aurubis Bulgaria2025Planned22
Copper tankhouse expansion at Pirdop site2025Planned28
Aurubis-4 solar expansion Pirdop2025Planned35
Aurubis Richmond second stage commissioning2025Planned28
Aurubis Richmond Phase 2 commissioning2025Planned22
Aurubis Pirdop tankhouse expansion2025Planned28
Aurubis Bulgaria Tankhouse Expansion Phase 4 Solar Park2025Planned21
Aurubis Richmond multimetal recycling plant2024-09Launched31
Solar park expansion at Pirdop site Bulgaria2024Planned35
Slag treatment facility (Pirdop) (3x)2024Planned31
Aurubis Richmond first stage commissioning2024Planned28
Precious Metals Refinery Hamburg (7x)2023-12Planned35
New recycling facility at Aurubis Belgium site in Olen (hydrometallurgical process for nickel and copper)2024-12Launched16
BOB facility for electrolyte processing2024-12Planned35
BOB facility commissioned2024-12Launched28
Steam accumulator Lünen site2024-09Planned35
Industrial Heat 2.0 Hamburg2024-07Launched35
Maintenance shutdown Hamburg2024-06Planned6
Tankhouse Expansion (BG Pirdop)2024-06Planned18
Solar Park 4 (BG Pirdop)2024-06Planned18
Solar Park 2&3 (BG Pirdop)2024-06Planned18
Slag Processing (US Georgia)2024-06Planned18
Lünen tankhouse refurbishment completion2024-06Launched17
Industrial Heat II (DE Hamburg)2024-06Planned18
Reduction of Diffuse Emissions (RDE) expansion stage 2 Hamburg2024-06Planned6
Lünen automatic sample preparation system2024-05Launched17
Tankhouse expansion Pirdop2024-04Planned32
Photovoltaic parks expansion at Pirdop site2024-04Planned23
Solar Park 2, 3, 4 Pirdop2024-03Planned14
New recycling plant at Aurubis Olen site (Belgium)2024-03Launched15
Lünen scheduled maintenance shutdown May 20242024Planned6
Tankhouse expansion at Pirdop site (Lünen cathode production renovation and capacity expansion)2024Planned9
Tankhouse enlargement in Pirdop2024Planned35
Solar expansion Aurubis-3 commissioned2024Launched28
Solar Park 2 Pirdop2024Planned24
Second module of US recycling plant2024Planned35
Scheduled maintenance shutdown at Pirdop site Bulgaria2024Planned35
RDE expansion stage Hamburg2024Planned8
Photovoltaic park expansion (Pirdop)2024Planned27
Phases 3 and 4 of solar park in Pirdop2024Planned35
Industrial Heat 2.0 stage 2 expansion Hamburg2024Planned26
Industrial Heat 2.0 expansion in Hamburg2024Launched31
Industrial Heat 2 project at Hamburg site2024Planned35
Hamburg Plant East contact acid plant (KAWO) retrofit and expansion2024Launched28
First stage of Aurubis Richmond site in US2024Planned35
Battery recycling pilot plant demo scaling Hamburg2024Planned26
Battery black mass demonstration plant (Hamburg) (2x)2024Launched28
Aurubis Richmond recycling plant expansion2024Planned8
Aurubis Richmond US recycling plant stage one commissioning2024Planned19
Air separation unit at Lunen site2024Planned35
Aurubis Richmond recycling plant2023-12Launched35
Stage 1 RDE Hamburg diffuse emissions reduction plant2023-09Planned7
Aurubis Richmond USA recycling plant2023-09Planned7
Pirdop Maintenance Shutdown2023-06Launched11
Industrial Heat II Hamburg2023-06Planned24
Olen SeaMade Offshore Wind Farm power purchase agreement2023-01Launched28
Ultra high temperature hydrolysis (UHTH) pilot plant Lünen2023Launched26
Secondary smelter for complex recycling materials in US (2×)2023Planned35
RETORTE selenium production facility2023Planned10
Cu-Port ship loading facility Olen commissioning2023Launched26
Anode Furnace 2.0 Hamburg (7×)2023Planned24
Expansion of Reducing Diffuse Emissions (RDE) system stage 2 at Hamburg–Planned9
Aurubis Richmond Phase 2 ramp-upFY 27/28Planned33
Aurubis Richmond Phase 1 ramp-upFY 26/27Planned33
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M&A (25)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Methodology

Acquisitions · 20Divestitures/exits · 5
202420252026

Acquisitions

Transaction / stakeDateTypeSource
Aurubis Richmond stage 2 expansion2026Completed26
Industrial Heat II Pirdop2025-09Completed3
CRH Hamburg (12×)2025Completed31
BOB recycling plant for nickel and copper (Olen/Beerse)2024-12Completed27
Solar Park Pirdop2024-09Completed3
Aurubis Richmond multimetal recycling plant (Module 1)2024-09Completed27
Expansion Tankhouse Lünen2024-06Completed3
Hamburg Smelter Maintenance Shutdown (2×)2024-05Completed17
Bulgaria solar park stages 2 & 32024-04Completed17
Aurubis Richmond Module 2 (2×)2024-03Completed24
Cooperation agreement Codelco2024Completed6
Battery Recycling demo plant2024Completed10
Aurubis Richmond secondary smelter (2×)2024Completed9
Aurubis Richmond primary smelter (multimetal recycling, US Georgia)2024Completed26
Solar park expansion - Bulgaria2023-06Completed10
Bleed Treatment Olen (8×)2023-06Completed36
Aurubis Richmond recycling plant - Phase I2023-06Completed10
ASPA Beerse (2×)2023-06Completed3
Codelco cooperation agreement (3×)2023-03Announced8
Advanced Sludge Processing (ASPA) Beerse (9×)2023Completed28

Divestitures / exits

Transaction / stakeDateTypeSource
Battery recycling business halted2025Divested28
Metallo Group Holding NV liquidation2024-09Divested35
Buffalo site sale (4×)2024-08Divested28
Aurubis Buffalo Inc.2024Divested35
E.R.N. operations cessation Hamburg2023-12Divested26
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Risks (134 since the annual report of 2026-03-03, 276 tracked in total)#

Risk factors the company itself names in its reports, merged by topic across periods, with category, first and last mention and source. Methodology

RiskCategoryFirst reportedLast reported
Net working capital temporarily impacted by ramp-up of strategic projects and increases in metal pricesFinancial2023-Q3
2023-10-01 9
2026-Q2
2026-08-21 34
Ongoing Middle East shipping restrictions impact sulfuric acid availability and pricingGeopolitics2026-Q2
2026-08-06 33
2026-Q2
2026-08-06 33
Concentrate TC/RCs under pressure; raw material qualities and volumes shifted from original Aurubis Richmond planSupply chain2024-H1
2023-10-01 6
2026-Q2
2026-08-06 33
Qualities and quantities of raw materials for Richmond have changed relative to planSupply chain2026-Q2
2026-08-21 34
2026-Q2
2026-08-21 34
Strategic capital projects (CRH, Richmond, Pirdop) requiring sustained investment during cash generation periodFinancial2025-Q1
2025-05-08 20
2026-Q1
2026-05-11 30
Mine production disruptions and Asian capacity expansions intensify concentrate deficit.Market2023-Q2
2023-08-15 11
2026-Q1
2026-05-11 29
Complex Recycling Hamburg, Richmond, and Pirdop projects in active commissioning phase with production ramp-up risksTechnology2026-Q1
2026-05-11 30
2026-Q1
2026-05-11 30
Aurubis Richmond and CRH project ramp-ups could face unexpected technical and commercial delays.Technology2026-Q1
2026-05-11 29
2026-Q1
2026-05-11 29
Cybersecurity risks to confidentiality, availability and integrity of company data; elevated threat potential post-2022 cyberattackCyberFY2024
2025-01-17 35
FY2025
2026-03-03 28
Production IT (OT) security risks; NIS 2 directive implementation underwayCyberFY2024
2025-01-17 35
FY2025
2026-03-03 28
Risk of impacts on biodiversity in areas near production sites requiring offsetting measures and environmental impact assessmentsESGFY2025
2026-07-06 31
FY2025
2026-07-06 31
Commitment to below-average CO2 footprint for copper requires ongoing investment in sustainable technologiesESGFY2025
2026-03-03 28
FY2025
2026-03-03 28
Risk of water shortages affecting cooling processes and transport routes at key sitesESGFY2025
2026-03-03 28
FY2025
2026-03-03 28
Substantial capital investments required for decarbonization (€85 million RDE, €40 million hydrogen furnaces, €35 million solar, €740 million Aurubis Richmond)FinancialFY2025
2026-07-06 31
FY2025
2026-07-06 31
Supervisory Board monitors status of capital expenditure and construction progress at US recycling plant Aurubis Richmond Georgia.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Group exposed to copper, silver, gold, and energy commodity price risks managed through derivatives.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Full impairment loss of €12 million recognized on LIBREC AG investment due to battery recycling operations underperformance.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Storm surge risks in Hamburg not covered by insurance; future insurance coverage for physical climate risks uncertainFinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Richmond recycling plant expansion creates unavoidable process emissions offsetting decarbonization gains until 2035-2050FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Operating EBT declined 14% year-over-year to €354.5 million from €413 million.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Business outlook for significant holdings and joint ventures.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Dependence on mining companies and raw materials from regions with geopolitical risksGeopoliticsFY2025
2026-07-06 31
FY2025
2026-07-06 31
Scope 3 majority from mining suppliers; geopolitical conflicts threaten supply and decarbonization cooperationGeopoliticsFY2025
2026-03-03 28
FY2025
2026-03-03 28
Tight concentrate market with supply shortages; long-term agreements limit spot market volatility riskSupply chain2023-Q3
2023-10-01 9
FY2025
2026-03-03 28
Sourcing of copper scrap and metal-bearing recycling materials from European and North American markets dependent on market conditionsSupply chainFY2025
2026-07-06 31
FY2025
2026-07-06 31
Supply chain risks from environmental pollution or human rights violations; German Supply Chain Due Diligence Act compliance requiredSupply chainFY2025
2026-03-03 28
FY2025
2026-03-03 28
Long-term agreements for raw material supply especially copper concentrates with volatile pricingSupply chainFY2025
2026-03-03 28
FY2025
2026-03-03 28
Risk of production interruptions from Russian gas supply disruptions; alternative energy source investments implementedMacroFY2024
2025-01-17 35
FY2025
2026-03-03 28
Volatile scrap availability influenced by economic conditions and Asian metal smelter purchasing activitiesMarket2023-Q2
2023-08-15 11
FY2025
2026-03-03 28
Fatal contractor accident in June 2025; contractor management remains key focus of safety programPeopleFY2025
2026-03-03 28
FY2025
2026-03-03 28
Aging workforce and skilled worker shortage intensify competition for talent; culture development initiatives ongoingPeopleFY2025
2026-03-03 28
FY2025
2026-03-03 28
Company remains possible target for organized crime; enhanced security architecture implementedLegalFY2025
2026-03-03 28
FY2025
2026-03-03 28
Outcomes of legal proceedings and other litigation risks.LegalFY2025
2026-03-03 28
FY2025
2026-03-03 28
Fatal industrial accident of contractor at Lünen site in June 2025 during relining work.LegalFY2025
2026-03-03 28
FY2025
2026-03-03 28
Fatal accident of contractor employee on June 24 2025 at Lünen plant resulted in zero achievement on ESG safety targets.LegalFY2024
2025-01-17 35
FY2025
2026-03-03 28
Theft and fraud cases directed against the company; security target established for all Executive Board members.LegalFY2025
2026-03-03 28
FY2025
2026-03-03 28
Risk of legal disputes and investigations for antitrust and environmental violationsRegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Hamburg carbon neutrality target by 2040 may impact future investment and jobs.RegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Compliance with OECD Due Diligence Guidelines and conflict mineral certification requirements (gold, silver, tin)RegulatoryFY2023
2025-12-11 26
FY2025
2026-07-06 31
Syndicated loan covenant requires Group's Net Debt not to exceed EBITDA by more than 3 timesRegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Free CO2 allocations decline from 2026; indirect CO2 compensation only ~50% of costsRegulatoryFY2023
2025-12-11 26
FY2025
2026-03-03 28
Further tightening of environmental laws could require additional protection measures with increased costsRegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Compliance with EU Circular Economy Act (KrWG) affecting waste management and recycling operationsRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
Compliance with German Federal Immission Control Act (BImSchG) for air and water emissionsRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
Compliance with EU chemicals regulation REACH for copper smelting operations and iron silicate productionRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
Compliance with German Supply Chain Due Diligence Act (LkSG) requirements for human rights and environmental due diligence in supply chainRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
Aurubis subject to Pillar Two global minimum taxation; Bulgarian subsidiary subject to qualified domestic top-up tax of €10 million.RegulatoryFY2024
2025-01-17 35
FY2025
2026-03-03 28
Risk of legal disputes for labor law and data protection violationsRegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Compliance with water law permits for direct Elbe River discharge and metal emission limitsRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
Successful implementation of cost reduction and efficiency enhancement measures.strategieFY2025
2026-03-03 28
FY2025
2026-03-03 28
Expanding recycling faster than decarbonizing due to unavailable technologies and limited renewable energy availabilitystrategieFY2025
2026-03-03 28
FY2025
2026-03-03 28
Flooding and hurricane risks at Hamburg and Augusta sites; global warming scenario assessments conductedsupply_productionFY2024
2025-01-17 35
FY2025
2026-03-03 28
Global transport bottlenecks and geopolitical conflicts disrupt supply chain; AI-supported monitoring and alternative scenarios deployedsupply_productionFY2024
2025-01-17 35
FY2025
2026-03-03 28
Ammonia cracker feasibility confirmed technically but not economically viable under current conditionsTechnologyFY2025
2026-07-06 31
FY2025
2026-07-06 31
No market-ready solution for unavoidable process emissions from plastic residues in recycling; smelting CO2 concentration too low for separationTechnologyFY2025
2026-03-03 28
FY2025
2026-03-03 28
German grid fee reform (AgNES) discontinuing baseload model from 2028; Hamburg and Lünen sites face rising grid feesTechnologyFY2025
2026-03-03 28
FY2025
2026-03-03 28
Hydrogen production and deployment at industrial scale faces economic viability challenges and green hydrogen availability constraintsTechnologyFY2025
2026-07-06 31
FY2025
2026-07-06 31
Elevated grid instability risk; blackout measures and rapid equipment restart capabilities establishedTechnologyFY2025
2026-03-03 28
FY2025
2026-03-03 28
Higher year-over-year energy costs in FY2025/26 with hedging providing only limited price risk absorption.Financial2023-Q1
2023-05-11 3
2026-Q2
2026-08-06 32
Metal price volatility impacts IFRS earnings through inventory valuations under average cost method.FinancialFY2024
2025-12-11 27
2026-Q2
2026-08-06 32
EUR/USD-Wechselkurs zeigt Volatilität und beeinflusst finanzielle ErgebnisseFinancial2023-Q3
2023-10-01 7
2026-Q2
2026-08-21 34
Anticipated US tariff introduction widens price spreads affecting copper cathode market dynamics.Geopolitics2026-Q2
2026-08-06 32
2026-Q2
2026-08-06 32
Geopolitical uncertainty and war in Middle East could weaken product demand and order placements.Customers2026-Q2
2026-08-06 32
2026-Q2
2026-08-06 32
Strong current demand for copper products and sulfuric acid may not be sustainedMarket2026-Q2
2026-08-06 33
2026-Q2
2026-08-06 33
Copper, gold and silver prices subject to market volatility despite current high levelsMarket2023-Q2
2023-08-07 10
2026-Q2
2026-08-06 33
Availability of sulfuric acid remains tight due to shipping restrictions in the Middle East and Chinese export banMarket2026-Q2
2026-08-21 34
2026-Q2
2026-08-21 34
Middle East shipping disruptions and China export ban significantly constrain global sulfuric acid availability.Market2024-Q2
2024-08-04 17
2026-Q2
2026-08-06 32
TC/RCs für Kupferkonzentrate bleiben unter Druck trotz höherer MetallpreiseMarket2026-Q2
2026-08-21 34
2026-Q2
2026-08-21 34
Global copper concentrate supply deficit creates persistent pressure on treatment and refining charges.Regulatory2026-Q2
2026-08-06 32
2026-Q2
2026-08-06 32
Global environmental standards compliance required across smelter network operationsRegulatoryFY2024
2025-07-21 23
2026-Q2
2026-08-06 33
Net financial position negative at EUR -357 million; working capital sensitive to metal price fluctuations.FinancialFY2025
2026-03-03 28
2026-Q1
2026-05-11 29
Middle East crisis presenting medium-term opportunities but also supply chain uncertaintiesGeopolitics2026-Q1
2026-05-11 30
2026-Q1
2026-05-11 30
Shapes demand weak due to automotive industry restraint; copper product demand linked to infrastructure and energy sectors.Customers2026-Q1
2026-05-11 29
2026-Q1
2026-05-11 29
USD/EUR exchange rate volatility impacting revenue and operating resultsMacro2026-Q1
2026-05-11 30
2026-Q1
2026-05-11 30
War in Middle East disrupts sulfur supply chains and creates global sulfuric acid shortage.Macro2026-Q1
2026-05-11 29
2026-Q1
2026-05-11 29
Copper scrap availability highly volatile; pricing and collection activities difficult to predict.Market2026-Q1
2026-05-11 29
2026-Q1
2026-05-11 29
Treatment and refining charges for smelting remain under pressure due to market surplus.Market2026-Q1
2026-05-11 29
2026-Q1
2026-05-11 29
Middle East shipping restrictions creating global tightness with potential knock-on supply chain effectsLegal2026-Q1
2026-05-11 30
2026-Q1
2026-05-11 30
Significant US dollar exposure in revenues; weakening EUR pressures operating results.Regulatory2026-Q1
2026-05-11 29
2026-Q1
2026-05-11 29
US copper tariffs on full customs value potentially increasing import costs; cathode tariffs scheduled January 2027Regulatory2025-Q1
2025-05-08 20
2026-Q1
2026-05-11 30
Changes in market dynamics, regulatory conditions or competitive pressure could impact feasibility of decarbonization targetsESGFY2023
2025-12-11 26
FY2025
2026-03-03 28
Increasing capital expenditure required for same level of emissions reduction due to higher technical complexityFinancialFY2025
2026-07-06 31
FY2025
2026-07-06 31
Strategic projects consuming >75% of €1.7 billion approved investment volume; impacts ROCE.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
US dollar exchange rate fluctuations hedged as part of risk managementFinancial2025-Q2
2025-08-18 25
FY2025
2026-07-06 31
Potential sovereign debt crisis impact on liquidity and receivablesFinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Interest rate fluctuation risks arise from potential changes in market interest rates affecting financial instrumentsFinancialFY2024
2025-01-17 35
FY2025
2026-03-03 28
Trade account receivable default risks; commercial credit insurance and close monitoring in placeFinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Deterioration of refinancing options on credit and finance markets.FinancialFY2024
2025-01-17 35
FY2025
2026-03-03 28
German corporate income tax rate will decrease from 15% to 10% by 2028.FinancialFY2025
2026-03-03 28
FY2025
2026-03-03 28
Trade conflicts, export restrictions, and political instability in producing countries creating uncertaintyGeopoliticsFY2025
2026-03-03 28
FY2025
2026-03-03 28
Political developments in US, Europe, and China influence market conditions.GeopoliticsFY2025
2026-03-03 28
FY2025
2026-03-03 28
Diversified customer base across copper semis, cable and wire, electronics, renewable energy, defense, construction and automotive industriesCustomers2024-Q2
2024-08-05 18
FY2025
2026-07-06 31
Indirect environmental impacts from mines supplying copper concentrates and material transportSupply chainFY2025
2026-07-06 31
FY2025
2026-07-06 31
Production interruptions due to material bottlenecks, strikes, supplier bankruptcies.Supply chainFY2025
2026-03-03 28
FY2025
2026-03-03 28
Collection rates with room for improvement limiting availability of secondary recycling materialsSupply chainFY2025
2026-03-03 28
FY2025
2026-03-03 28
Limited availability of recycling materials in second half; copper scrap and blister copper supply constrained.Supply chainFY2025
2026-03-03 28
FY2025
2026-03-03 28
Rapid smelting capacity expansion in China and India reshaping global trade and supply chainsMacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
CO2 prices could reach US$180/t in ten years; EU free credits phaseout poses material riskMacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Increasing atmospheric inversions and dry weather conditions may impact ambient air quality complianceMacroFY2024
2025-12-11 27
FY2025
2026-07-06 31
Flooding, storms, heatwaves, droughts at multiple sites; >4°C scenario shows unquantifiable business model risksMacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Increasing EU regulatory requirements for carbon neutrality and sustainability affecting production costsMacroFY2025
2026-07-06 31
FY2025
2026-07-06 31
Supervisory Board addressed development of results and raw materials and foreign exchange markets.MacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Foreign currency exchange rate fluctuations expose Group to losses in financial instrument valuesMacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Global economy resilience strained by ongoing trade conflicts, tariffs, and geopolitical tensions.MacroFY2024
2025-01-17 35
FY2025
2026-03-03 28
Fluctuations in metal and energy prices managed through hedging strategyMacro2023-Q3
2023-10-01 9
FY2025
2026-07-06 31
Price increases for energy and raw materials.MacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Unforeseen events including natural disasters, acts of terror, political unrest, industrial accidents.MacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Unfavorable developments in global economic situation impact earnings.MacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
German industrial electricity price initiative may impact German group sites.MacroFY2025
2026-03-03 28
FY2025
2026-03-03 28
Cooling water demand management required with target to reduce by 20% by 2030MacroFY2024
2025-12-11 27
FY2025
2026-07-06 31
Metal price and exchange rate fluctuations impact earnings; hedging through forward contracts and optionsMarket2023-Q1
2023-05-11 3
FY2025
2026-03-03 28
Decline in demand in main copper sales markets.MarketFY2025
2026-03-03 28
FY2025
2026-03-03 28
Copper prices fluctuated in €8,650 to 10,300/t range; geopolitical tensions and trade conflicts weighed on pricing.MarketFY2025
2026-03-03 28
FY2025
2026-03-03 28
Changes in exchange rates impact earnings.MarketFY2025
2026-03-03 28
FY2025
2026-03-03 28
Drop in product acceptance affecting pricing and capacity utilization.MarketFY2025
2026-03-03 28
FY2025
2026-03-03 28
Tight global copper concentrate supply due to new Asian smelters; secondary recycling markets increasingly competitiveMarketFY2025
2026-03-03 28
FY2025
2026-03-03 28
Global supply chains approaching breaking point; geopolitical uncertainties intensifying competition for limited resourcesMarketFY2025
2026-03-03 28
FY2025
2026-03-03 28
Exposure to general technical insurance risks including longevity risk and interest rate change riskPeopleFY2025
2026-03-03 28
FY2025
2026-03-03 28
Consulting and litigation costs decreased to €57 million from prior year impacted by criminal activities clarification.LegalFY2025
2026-03-03 28
FY2025
2026-03-03 28
Defined benefit pension obligations and commitments in multiple jurisdictions subject to actuarial assumptionsLegalFY2025
2026-03-03 28
FY2025
2026-03-03 28
Continued adaptation to future target value for particulate matter (20VE 6.0 ng/m³) despite increasing atmospheric inversionsRegulatoryFY2023
2025-12-11 26
FY2025
2026-07-06 31
EU Batteries Regulation impacts metal recycling and supply chain due diligenceRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
European Carbon Border Adjustment Mechanism (CBAM) and global CO2 tax regulations increase energy pricesRegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
EU Critical Raw Materials Act and German Raw Materials Fund creating new regulatory landscapeRegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Critical Raw Materials Act impacting reporting requirements for metal productionRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
New EU Ecodesign for Sustainable Products Regulation increasingly requires life cycle-based environmental KPIsRegulatoryFY2025
2026-07-06 31
FY2025
2026-07-06 31
€10 million provisions for planned environmental measures at Lünen site; ongoing HSTS requirements.RegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Amendments to laws, ordinances, and official regulations.RegulatoryFY2025
2026-03-03 28
FY2025
2026-03-03 28
Approximately 70% of remaining metal emissions from Hamburg site stem from fugitive sources in hall ventilation facilitiesTechnologyFY2023
2025-12-11 26
FY2025
2026-07-06 31
Increasing complexity of input materials requires continuous innovation in processing capabilitiesTechnologyFY2025
2026-03-03 28
FY2025
2026-03-03 28
High energy, material and operating costs plus market shifts could necessitate project priority and scope revisionsTechnologyFY2024
2025-01-17 35
FY2025
2026-03-03 28
CRU forecasts 338,000t global copper concentrate deficit in 2025; tight supply restricts treatment charges.CompetitionFY2025
2026-03-03 28
FY2025
2026-03-03 28
Competition from other copper and metal smelters and metal processors for input materials and market shareCompetitionFY2025
2026-07-06 31
FY2025
2026-07-06 31
US trade and tariff policies create uncertainty regarding tariffs on copper imports and export restrictions.Legal2025-Q2
2025-08-18 25
2025-Q2
2025-08-18 25
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Reported KPIs (as disclosed) (692)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. Methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
DatePeriodKPIValue / changeSource
2026-08-212026-Q2Debt coverage1,034
2026-08-212026-Q2Operating ROCE9,434
2026-08-212026-Q2Equity ratio48,834
2026-08-062026-Q2ROCE9.4 %32
2026-08-062026-Q2Operating ROCE9.4 %33
2026-08-062026-Q2MMR ROCE3.8 %33
2026-08-062026-Q2Gross margin percent21 %33
2026-08-062026-Q2Equity ratio48.833
2026-08-062026-Q2Debt coverage1.0 (EUR millions)33
2026-08-062026-Q2CSP ROCE15.5 %33
2026-05-112026-Q1cash and equivalents167 (EUR millions)29
2026-05-112026-Q1capital employed4,348 (EUR millions)29
2026-05-112026-Q1borrowings52429
2026-05-112026-Q1ROCE8.129
2026-05-112026-Q1Operating ROCE8.130
2026-05-112026-Q1Gross profit872 (EUR millions)30
2026-05-112026-Q1Equity ratio48.630
2026-05-112026-Q1Debt coverage0.6 (EUR millions)30
2026-07-06FY2025total water withdrawal71.6 (million m3)31
2026-07-06FY2025total water discharge64.4 (million m3)31
2026-07-06FY2025total TC RC earning raw materials1,355,15131
2026-07-06FY2025total input materials1,453,38431
2026-07-06FY2025total energy consumption3.22 (million MWh)31
2026-07-06FY2025surface water withdrawal68.9 (million m3)31
2026-07-06FY2025surface water discharge64.2 (million m3)31
2026-07-06FY2025SO2 emissions4,14531
2026-07-06FY2025secondary energy consumption1.61 (million MWh)31
2026-07-06FY2025rainwater withdrawal0.5 (million m3)31
2026-07-06FY2025primary energy consumption1.61 (million MWh)31
2026-07-06FY2025precious metal bearing materials8,58731
2026-07-06FY2025other water withdrawal0.4 (million m3)31
2026-07-06FY2025other secondary raw materials6,729.931
2026-07-06FY2025other Cu bearing materials72,29331
2026-07-06FY2025NOx emissions98831
2026-07-06FY2025non-hazardous waste40,37931
2026-07-06FY2025natural gas consumption448,06031
2026-07-06FY2025municipal water withdrawal1.3 (million m3)31
2026-07-06FY2025municipal wastewater system discharge0.2 (million m3)31
2026-07-06FY2025metal emissions to water1.8231
2026-07-06FY2025limestone sand additives90,10531
2026-07-06FY2025lead concentrate scrap waste27,05031
2026-07-06FY2025iron as aggregate8,12931
2026-07-06FY2025hazardous waste48,04031
2026-07-06FY2025groundwater withdrawal0.4 (million m3)31
2026-07-06FY2025electricity consumption647,33231
2026-07-06FY2025dust emissions Hamburg6731
2026-07-06FY2025direct CO2 emissions50031
2026-07-06FY2025construction waste71,27231
2026-07-06FY2025coke consumption61,72231
2026-07-06FY2025water discharge per ton copper output0.5531
2026-07-06FY2025water consumption per ton copper output4.131
2026-07-06FY2025total waste per ton input material1831
2026-07-06FY2025total waste per ton copper output3831
2026-07-06FY2025total plant area316,27931
2026-07-06FY2025SO2 per ton output4.831
2026-07-06FY2025NO per ton copper output1.731
2026-07-06FY2025Energy consumption per ton copper output2.6631
2026-07-06FY2025Dust per ton copper output10831
2026-07-06FY2025CO2 direct emissions per ton copper output0.8031
2026-07-06FY2025Buildings and paved area245,41231
2026-03-03FY2025year low62.8528
2026-03-03FY2025year high106.6028
2026-03-03FY2025treasury shares1,297,69328
2026-03-03FY2025total emissions 20245.54 million t of CO228
2026-03-03FY2025total dividend distributed€65,488,54528
2026-03-03FY2025tin consumption growthto expand by 40 %28
2026-03-03FY2025solar power generation pirdop38,900 MWh28
2026-03-03FY2025shares outstanding44,956.70 (thousand units)28
2026-03-03FY2025share capital€115,089,210.8828
2026-03-03FY2025scope 3 emissions 20244.55 million t of CO228
2026-03-03FY2025scope 1 2 emissions 20240.995 million t of CO228
2026-03-03FY2025proposed dividend per share€1.6028
2026-03-03FY2025prior year operating roce11.5%28
2026-03-03FY2025payout ratio27 %28
2026-03-03FY2025Operating ROCE8.8%28
2026-03-03FY2025Operating P/E Ratio17.7928
2026-03-03FY2025Operating EBIT Prior Year€413 million28
2026-03-03FY2025Operating EBIT€354.5 million28
2026-03-03FY2025Operating EPS5.9728
2026-03-03FY2025Olen Seawind Capacity12 MW28
2026-03-03FY2025Olen CO2 Reduction42,000 t of Scope 2 emissions per year28
2026-03-03FY2025Nickel Demand Growthto rise by two thirds28
2026-03-03FY2025Net Financial Liabilities€507 million28
2026-03-03FY2025Net Assets199 (EUR in € million)28
2026-03-03FY2025Market Capitalization4,774 (EUR in € million)28
2026-03-03FY2025Group-Wide LTIFR Benchmark2.4 per one million working hours28
2026-03-03FY2025Future Lease Commitments€11 million28
2026-03-03FY2025Dividend Yield1.5 %28
2026-03-03FY2025Dividend Per Share€1.5028
2026-03-03FY2025Dividend1.6028
2026-03-03FY2025CO2-Free Industrial Heat Householdsup to an additional 28,000 households28
2026-03-03FY2025Closing Price Fiscal Year End106.2028
2026-03-03FY2025Cash and Cash Equivalents€303 million28
2026-03-03FY2025Capital Employed Operating4,090 (EUR in € million)28
2026-03-03FY2025bonded loan repayment€103 million28
2026-03-03FY2025bismuth demand growthexpected to triple28
2026-03-03FY2025bank borrowings€404 million28
2026-03-03FY2025avoided emissions alternative processes3.5 million t of CO228
2026-03-03FY2025average operating ROCE target 2024/25-2027/28 performance period12 %28
2026-03-03FY2025average daily trading volume138,04728
2026-03-03FY2025Zinc sales volume10,219 (EUR t)28
2026-03-03FY2025Wire rod output869,00028
2026-03-03FY2025Wind turbines by 2035200,00028
2026-03-03FY2025Unfulfilled performance obligations2,033 (in € million)28
2026-03-03FY2025Total investment program1.7 (EUR billion EUR)28
2026-03-03FY2025Tin sales volume7,467 (EUR t)28
2026-03-03FY2025Tin demand growth by 20354028
2026-03-03FY2025Tellurium expansion by 20358228
2026-03-03FY2025Taxonomy eligible CapEx percentage19 %28
2026-03-03FY2025Taxonomy aligned CapEx percentage1 %28
2026-03-03FY2025Sulfuric acid output2,024,00028
2026-03-03FY2025Solar plant annual electricity generation54 million28
2026-03-03FY2025Solar modules by 203510 million28
2026-03-03FY2025Shapes output175,00028
2026-03-03FY2025Scope 3 emissions 20244.1428
2026-03-03FY2025Scope 3 emissions 20234.228
2026-03-03FY2025Scope 3 emissions 20186.028
2026-03-03FY2025Scope 1 and 2 reduction 2024 vs 201838 %28
2026-03-03FY2025Sample preparation time reduction in Hamburgfrom five days to one28
2026-03-03FY2025Sample preparation capacity increase in Hamburgmore than doubled28
2026-03-03FY2025Robot lifting capacity1,00028
2026-03-03FY2025Renewable electricity Aurubis Olen reduction42,00028
2026-03-03FY2025ROCE prior year5.628
2026-03-03FY2025ROCE0.928
2026-03-03FY2025R&D expenditure17 (in € million)28
2026-03-03FY2025Pirdop motor replacement annual savings25 million28
2026-03-03FY2025PGM sales volume7,125 (EUR kg)28
2026-03-03FY2025Operating earnings per share5.9728
2026-03-03FY2025Operating ROCE (prior year)11.5 %28
2026-03-03FY2025Operating ROCE8.828
2026-03-03FY2025Nickel sales volume3,502 (EUR t)28
2026-03-03FY2025Minor metals recovered by Aurubis20 different28
2026-03-03FY2025Market capitalization4,774 (EUR €m)28
2026-03-03FY2025MMR segment Operating ROCE0.9 %28
2026-03-03FY2025Lead sales volume42,031 (EUR t)28
2026-03-03FY2025LTIFR (prior year)3.628
2026-03-03FY2025LTIFR2.928
2026-03-03FY2025Jobs created at Aurubis Richmond24028
2026-03-03FY2025Investment program deployedover 7528
2026-03-03FY2025Gold market growth forecast2628
2026-03-03FY2025Flat rolled products and specialty wire output90,00028
2026-03-03FY2025Expected EBITDA contribution from investments260 (EUR million EUR annually from FY2028/29)28
2026-03-03FY2025Expected Aurubis Richmond EBITDA contribution170 (EUR million EUR annually from 2028/29)28
2026-03-03FY2025Expanding tankhouse capacity addition120,00028
2026-03-03FY2025Equity ratio53.528
2026-03-03FY2025Electrode steam boiler potential reduction4,00028
2026-03-03FY2025Electric vehicles by 203550 million28
2026-03-03FY2025EcoVadis rating8528
2026-03-03FY2025Earnings per share12.3428
2026-03-03FY2025Dividend per share1.6028
2026-03-03FY2025Dividend per share1.6028
2026-03-03FY2025Dividend payout target3028
2026-03-03FY2025Data centers by 20351,00028
2026-03-03FY2025Cost of materials ratio90.328
2026-03-03FY2025Copper cathode output (MMR segment)514,00028
2026-03-03FY2025Copper cathode output (CSP segment)582,00028
2026-03-03FY2025Concentrate throughput2,180,00028
2026-03-03FY2025Complex recycling material at Richmond annually180,00028
2026-03-03FY2025Closing-the-loop partnershipsover 15028
2026-03-03FY2025Cathode shaft furnace natural gas savings3,50028
2026-03-03FY2025CSP segment Operating ROCE18.2 %28
2026-03-03FY2025CO2 reduction hydrogen anode furnaces natural gas savings1,20028
2026-03-03FY2025CO2 reduction hydrogen anode furnaces5,00028
2026-03-03FY2025CO2 footprint reduction vs global averageover 6028
2026-03-03FY2025CO2 emissions scope 1 scope 2 202499128
2026-03-03FY2025CO2 emissions scope 1 scope 2 20231,17728
2026-03-03FY2025CO2 emissions scope 1 scope 2 20181,55428
2026-03-03FY2025CO2 avoided steam turbines 2024 259,74728
2026-03-03FY2025CO2 avoided steam storage Lünen4,90028
2026-03-03FY2025CO2 avoided Pirdop motor replacement7,80028
2026-03-03FY2025CO2 avoided Industrial Heat Hamburg120,00028
2026-03-03FY2025Aurubis Richmond investment740 (EUR million EUR)28
2026-03-03FY2025Apprentices and dual program students30728
2026-03-03FY2025Apprentices26228
2026-03-03FY2025Additional recycling material processed at CRH30,00028
2025-10-012025-Q3net financial position-32621
2025-10-012025-Q3gross margin54621
2025-10-012025-Q3equity ratio49.921
2025-10-012025-Q3capital employed4,280 (EUR millions)21
2025-10-012025-Q3ROCE operating7.821
2025-10-012025-Q3ROCE MMR0.421
2025-10-012025-Q3ROCE CSP17.821
2025-08-182025-Q2ROCE9.1 %25
2025-08-182025-Q2Capital employed4,152 (EUR millions)25
2025-08-052025-Q2Operating ROCE9.124
2025-08-052025-Q2Equity ratio56.124
2025-08-052025-Q2Debt coverage0.6 (EUR millions)24
2025-08-052025-Q2Capital employed4,152 (EUR €m)24
2025-05-082025-Q1ROCE (operating, prior year)10.0%19
2025-05-082025-Q1ROCE (operating)10.2%19
2025-05-082025-Q1Operating ROCE10.220
2025-05-082025-Q1Gross margin (prior year)1,105 (millions)19
2025-05-082025-Q1Gross margin1,077 (millions)19
2025-05-082025-Q1Free cash flow (prior year)-363 (EUR millions)19
2025-05-082025-Q1Free cash flow-151 (EUR millions)19
2025-05-082025-Q1Equity ratio (operating, prior year)55.9%19
2025-05-082025-Q1Equity ratio (operating)55.6%19
2025-05-082025-Q1Equity ratio55.620
2025-05-082025-Q1Debt coverage0.3 (EUR millions)20
2025-05-082025-Q1Capital employed4,074 (EUR €m)20
2025-12-11FY2024Water savings Industrial Heat annual12 million27
2025-12-11FY2024Water discharge per t copper output Hamburg10827
2025-12-11FY2024Waste per t copper output Hamburg2927
2025-12-11FY2024Specific dust emissions 202436.527
2025-12-11FY2024Specific dust emissions 202342.327
2025-12-11FY2024Specific dust emissions 202240.127
2025-12-11FY2024Specific dust emissions 201856.427
2025-12-11FY2024Scope 3 emissions reduction 2030 target-24%27
2025-12-11FY2024Scope 1 and 2 emissions reduction achieved 2024-30%27
2025-12-11FY2024Scope 1 and 2 emissions reduction 2030 target-50%27
2025-12-11FY2024Recycling materials throughput total898,00027
2025-12-11FY2024Recycling materials sourcing Rest of Europe percentage7%27
2025-12-11FY2024Recycling materials sourcing Rest of EU percentage39%27
2025-12-11FY2024Recycling materials sourcing Others percentage7%27
2025-12-11FY2024Recycling materials sourcing North America percentage11%27
2025-12-11FY2024Recycling materials sourcing Germany percentage36%27
2025-12-11FY2024RDE filter system Hamburg diffuse emissions reduction40%27
2025-12-11FY2024RDE expansion efficiency target80%27
2025-12-11FY2024PhotoVoltaic electricity generation percentage Pirdop15%27
2025-12-11FY2024New anode furnaces natural gas reduction1,20027
2025-12-11FY2024NOx per t copper output Hamburg31627
2025-12-11FY2024Metal emissions to water reduction achieved 2024-18%27
2025-12-11FY2024Metal emissions to water reduction 2030 target-25%27
2025-12-11FY2024Metal emissions to water 20240.6227
2025-12-11FY2024Metal emissions to water 20230.7227
2025-12-11FY2024Metal emissions to water 20220.7427
2025-12-11FY2024Metal emissions to water 20180.8727
2025-12-11FY2024Lünen Water discharge per t copper output0.8927
2025-12-11FY2024Lünen waste per t copper output2927
2025-12-11FY2024Lünen SO2 per t output5.227
2025-12-11FY2024Lünen NOx per t copper output2.027
2025-12-11FY2024Lünen dust per t copper output10927
2025-12-11FY2024Lünen CO2 per t copper output0.9227
2025-12-11FY2024Lead per t copper output Hamburg2.027
2025-12-11FY2024Investment slag treatment Pirdop€ 46 million27
2025-12-11FY2024Investment hydrogen-ready anode furnaces Hamburg€ 40 million27
2025-12-11FY2024Investment RDE filter system Hamburg€ 85 million27
2025-12-11FY2024Investment RDE expansion Hamburg€ 30 million27
2025-12-11FY2024Investment CRH Hamburg€ 190 million27
2025-12-11FY2024Investment BOB Olen Beerse€ 85 million27
2025-12-11FY2024Investment ASPA Beerse€ 33 million27
2025-12-11FY2024Industrial waste heat Hamburg annual CO2 reduction potential100,00027
2025-12-11FY2024Industrial heat annual electricity generation Pirdop photovoltaic55,00027
2025-12-11FY2024Industrial heat annual CO2 emissions reduction Pirdop25,00027
2025-12-11FY2024Hydrogen anode furnaces annual CO2 savings potential5,00027
2025-12-11FY2024Dust emissions reduction achieved 2024-35%27
2025-12-11FY2024Dust emissions reduction 2030 target-15%27
2025-12-11FY2024Copper per t copper output Hamburg8.527
2025-12-11FY2024Concentrates throughput total2,245,00027
2025-12-11FY2024Concentrates sourcing Turkey percentage10%27
2025-12-11FY2024Concentrates sourcing Peru percentage13%27
2025-12-11FY2024Concentrates sourcing Indonesia percentage14%27
2025-12-11FY2024Concentrates sourcing Chile percentage14%27
2025-12-11FY2024Concentrates sourcing Bulgaria percentage17%27
2025-12-11FY2024Concentrates sourcing Brazil percentage15%27
2025-12-11FY2024Concentrates sourcing Australia Mexico Others percentage4%27
2025-12-11FY2024CRH additional recycling materials capacity30,00027
2025-12-11FY2024CO₂ footprint of tin (Global average)6,632 kg CO₂ eq./t27
2025-12-11FY2024CO₂ footprint of tin (Aurubis)3,000 kg CO₂ eq./t27
2025-12-11FY2024CO₂ footprint of silver (Global average)448 kg CO₂ eq./kg27
2025-12-11FY2024CO₂ footprint of silver (Aurubis)200 kg CO₂ eq./kg27
2025-12-11FY2024CO₂ footprint of nickel sulfate (Global average)18,200 kg CO₂ eq./t27
2025-12-11FY2024CO₂ footprint of nickel sulfate (Aurubis)5,640 kg CO₂ eq./t27
2025-12-11FY2024CO₂ footprint of gold (Global average)36,400 kg CO₂ eq./kg27
2025-12-11FY2024CO₂ footprint of gold (Aurubis)15,500 kg CO₂ eq./kg27
2025-12-11FY2024CO₂ footprint of Aurubis ROD/RheinROD (Global average)3,610 kg CO₂ eq./kg27
2025-12-11FY2024CO₂ footprint of Aurubis ROD/RheinROD2,152 kg CO₂ eq./kg27
2025-12-11FY2024CO2 from fuels per t copper output Hamburg0.2527
2025-12-11FY2024Battery black mass metal recovery rate95%27
2025-12-11FY2024Aurubis Richmond total investment€ 740 million27
2025-12-11FY2024Aurubis Richmond capacity increase90,000 t to 180,000 t27
2025-12-11FY2024Arsenic per t copper output Hamburg0.427
2025-12-11FY2024Additional households heated Industrial Heat expansion20,00027
2025-12-11FY2024Absolute Scope 1 and 2 emissions 20241,02327
2025-12-11FY2024Absolute Scope 1 and 2 emissions 20231,17727
2025-12-11FY2024Absolute Scope 1 and 2 emissions 20221,32727
2025-12-11FY2024Absolute Scope 1 and 2 emissions 20181,45927
2025-10-01FY2024ROCE (operative)11,3 %5
2025-10-01FY2024ROCE (prior year)19,0 %5
2025-07-21FY2024Wastewater to third parties<0.1 (Million m³)23
2025-07-21FY2024Waste recycling rateapproximately 4923
2025-07-21FY2024Waste heat production2.823
2025-07-21FY2024total water withdrawal63.0 (Million m³)23
2025-07-21FY2024total water discharge57.9 (Million m³)23
2025-07-21FY2024Total energy consumption Hamburg1,12223
2025-07-21FY2024Total energy consumption group3.33 (Million MWh)23
2025-07-21FY2024surface water withdrawal60.1 (Million m³)23
2025-07-21FY2024surface water discharge57.7 (Million m³)23
2025-07-21FY2024Steam from residual heat7523
2025-07-21FY2024Specific waste level2923
2025-07-21FY2024SO2 emissions Hamburg3.923
2025-07-21FY2024SO2 emissions group4,47223
2025-07-21FY2024silver recycling content5223
2025-07-21FY2024rainwater withdrawal0.8 (Million m³)23
2025-07-21FY2024production related waste12,82323
2025-07-21FY2024other water withdrawal0.6 (Million m³)23
2025-07-21FY2024NOx emissions group93923
2025-07-21FY2024non-hazardous waste27,97223
2025-07-21FY2024municipal water withdrawal1.2 (Million m³)23
2025-07-21FY2024municipal wastewater discharge0.3 (Million m³)23
2025-07-21FY2024metal emissions to water Hamburg 20241.423
2025-07-21FY2024metal emissions to water Hamburg0.7023
2025-07-21FY2024metal emissions to water group1.6223
2025-07-21FY2024lead emissions Hamburg1.723
2025-07-21FY2024landfill gas used1.723
2025-07-21FY2024input materials processed1.12 million23
2025-07-21FY2024industrial heat to HafenCityup to 160 million kWh per year23
2025-07-21FY2024industrial heat expansion capacityup to 60 MW or 500 million kWh per year23
2025-07-21FY2024indirect CO2 emissions Hamburg181,93323
2025-07-21FY2024hazardous waste52,82823
2025-07-21FY2024groundwater withdrawal0.4 (Million m³)23
2025-07-21FY2024gold recycling content2323
2025-07-21FY2024energy consumption Hamburg2.5423
2025-07-21FY2024dust emissions Hamburg 20246123
2025-07-21FY2024dust emissions Hamburg2723
2025-07-21FY2024dust emissions group6123
2025-07-21FY2024direct CO2 emissions Hamburg136,92923
2025-07-21FY2024direct CO2 emissions group50923
2025-07-21FY2024copper output Hamburg441,46423
2025-07-21FY2024cooling water saved annuallyabout 12 million m³23
2025-07-21FY2024construction waste131,01923
2025-07-21FY2024CO2 reduction from industrial heatup to 120,000 t per year23
2025-07-21FY2024CO2 reduction from HafenCity heatup to 20,000 t of CO₂ annually23
2025-07-21FY2024CO2 emissions from fuels Hamburg0.2523
2025-07-21FY2024cadmium immission Veddel1.523
2025-07-21FY2024authorized production capacity Hamburg450,00023
2025-07-21FY2024arsenic immission Veddel4.6223
2025-07-21FY2024arsenic emissions Hamburg0.423
2025-07-21FY2024apprentices Hamburgabout 20023
2025-07-21FY2024Water discharge per t copper output10823
2025-07-21FY2024Waste per t input material7023
2025-07-21FY2024Waste per t copper output2923
2025-07-21FY2024Electrical energy used to generate steam31,65123
2025-07-21FY2024Total water withdrawal49,419,61523
2025-07-21FY2024Total water discharge47,884,86423
2025-07-21FY2024Total waste incl. construction78,03223
2025-07-21FY2024Total waste12,82223
2025-07-21FY2024Total products1,706,86723
2025-07-21FY2024total plant area874,00023
2025-07-21FY2024Total input materials1,188,94223
2025-07-21FY2024Total energy consumption1,118,63523
2025-07-21FY2024Total TC RC earning raw materials1,114,14523
2025-07-21FY2024Supply industrial waste heat city33,44323
2025-07-21FY2024Sulfuric acid products HSO4719,61323
2025-07-21FY2024Silver gold PGMs1,22623
2025-07-21FY2024SO21,23123
2025-07-21FY2024River water48,272,50723
2025-07-21FY2024Recycling6,32423
2025-07-21FY2024Precipitation678,59123
2025-07-21FY2024Precious metal bearing raw materials6,29523
2025-07-21FY2024Potable water468,51723
2025-07-21FY2024Other metal compounds37723
2025-07-21FY2024Other energy sources12,50023
2025-07-21FY2024Other Cu bearing raw materials164,97423
2025-07-21FY2024Non hazardous waste4,73623
2025-07-21FY2024Nickel sulfate90223
2025-07-21FY2024Natural gas427,45523
2025-07-21FY2024NOx per t copper output31623
2025-07-21FY2024Metal discharge water62623
2025-07-21FY2024Luenen Wastewater indirect discharge154,30023
2025-07-21FY2024Luenen Use process heat9,25923
2025-07-21FY2024Luenen Total water uptake820,07523
2025-07-21FY2024Luenen Total waste per t input1323
2025-07-21FY2024Luenen Total waste including construction28,68923
2025-07-21FY2024Luenen Total raw materials384,27623
2025-07-21FY2024Luenen Total products371,66823
2025-07-21FY2024Luenen Total plant area316,00023
2025-07-21FY2024Luenen Total energy consumption507,78323
2025-07-21FY2024Luenen Secondary energy consumption158,64123
2025-07-21FY2024Luenen SO2 per t output5.223
2025-07-21FY2024Luenen Rhine sand9,52423
2025-07-21FY2024Luenen Recycling raw materials313,48523
2025-07-21FY2024Luenen Primary energy consumption349,14223
2025-07-21FY2024Luenen Precipitation213,03723
2025-07-21FY2024Luenen Potable water569,49123
2025-07-21FY2024Luenen Oxygen44 (Million m³)23
2025-07-21FY2024Luenen Other sources37,54723
2025-07-21FY2024Luenen Other products20,92123
2025-07-21FY2024Luenen Other non hazardous67723
2025-07-21FY2024Luenen Other hazardous53423
2025-07-21FY2024Luenen Non hazardous waste4,68923
2025-07-21FY2024Luenen Natural gas oil coal349,14223
2025-07-21FY2024Luenen Limestone21823
2025-07-21FY2024Luenen KRS oxide20,72223
2025-07-21FY2024Luenen Iron silicate sand155,76823
2025-07-21FY2024Luenen Internal power9,25223
2025-07-21FY2024Luenen Hazardous waste36723
2025-07-21FY2024Luenen External power149,11023
2025-07-21FY2024Luenen Direct CO2 emissions162,77723
2025-07-21FY2024Luenen Construction23,63323
2025-07-21FY2024Luenen CO2 subject to DEV160,33723
2025-07-21FY2024Luenen CO2 per t copper output0.9223
2025-07-21FY2024Luenen Buildings paved area252,78423
2025-07-21FY2024Luenen Blister7,97223
2025-07-21FY2024Luenen Bleed42,60523
2025-07-21FY2024Luenen Biogenic CO238623
2025-07-21FY2024Luenen AVV 19 12 04 Plastic1,58323
2025-07-21FY2024Luenen AVV 19 10 02 Aluminum1,72723
2025-07-21FY2024Luenen AVV 17 02 04 Plastic waste2323
2025-07-21FY2024Luenen AVV 16 11 03 Spent potlining25823
2025-07-21FY2024Luenen AVV 15 01 03 Wood70223
2025-07-21FY2024Luenen AVV 13 05 08 Waste emulsion3323
2025-07-21FY2024Limestone sand additives73,145.523
2025-07-21FY2024Lead per t copper output2.023
2025-07-21FY2024Lead concentrate scrap waste18,51623
2025-07-21FY2024Lead10,00923
2025-07-21FY2024Iron silicate stone granules534,17823
2025-07-21FY2024Iron as additive8,420.123
2025-07-21FY2024Indirect discharge41,59423
2025-07-21FY2024Indirect CO2 emissions electricity457,88523
2025-07-21FY2024Hazardous waste8,08623
2025-07-21FY2024Hamburg plant areaabout 870,00023
2025-07-21FY2024Electricity consumption610,51323
2025-07-21FY2024Dust2423
2025-07-21FY2024Disposal6,49923
2025-07-21FY2024Direct discharge47,843,27023
2025-07-21FY2024Direct CO2 emissions diesel vehicles2,80423
2025-07-21FY2024Direct CO2 emissions ETS136,93223
2025-07-21FY2024Copper per t copper output8.523
2025-07-21FY2024Copper output441,46423
2025-07-21FY2024Conversion into products98.923
2025-07-21FY2024Construction waste65,20923
2025-07-21FY2024Coke59,82823
2025-07-21FY2024CO2 fuels per t copper output0.2523
2025-07-21FY2024CO2 from fuels110,99723
2025-07-21FY2024Buildings paved area758,00023
2025-07-21FY2024Arsenic per t copper output0.423
2025-07-21FY2024Additional electricity oxygen production8,33923
2025-07-21FY2024AVV Other non hazardous47423
2025-07-21FY2024AVV Other hazardous1,09423
2025-07-21FY2024AVV 200301 Municipal solid waste60023
2025-07-21FY2024AVV 19 08 14 Sludge water management2,44323
2025-07-21FY2024AVV 12 01 09 Waste emulsion2,66023
2025-07-21FY2024AVV 16 10 01 Washing water1,21923
2025-07-21FY2024AVV 15 01 03 Scrap wood97323
2025-07-21FY2024AVV 12 01 09 Waste emulsion2,27523
2025-07-21FY2024AVV 10 04 04 Lead flue dust1,08423
2025-01-17FY2024Zinc sales volume12,306 (EUR t)35
2025-01-17FY2024Wire rod output880 (thousand t)35
2025-01-17FY2024Total solar capacity4035
2025-01-17FY2024Total emissions all sites5.8 (million t CO2)35
2025-01-17FY2024tin sales volume8,874 (EUR t)35
2025-01-17FY2024tankhouse expansion Bulgaria5035
2025-01-17FY2024tankhouse capacity increase Lünen1035
2025-01-17FY2024sulfuric acid output2,094,00035
2025-01-17FY2024strategic projects investment approved1.7 (€ billion)35
2025-01-17FY2024strategic projects investment already invested> 50 %35
2025-01-17FY2024solar park expansion investment12 (EUR € million)35
2025-01-17FY2024solar park coverage1535
2025-01-17FY2024solar park additional capacity1835
2025-01-17FY2024solar consumption coverage15 %35
2025-01-17FY2024solar CO2 avoidance annual25,00035
2025-01-17FY2024silver sales volume921 (EUR t)35
2025-01-17FY2024shapes output172 (thousand t)35
2025-01-17FY2024PGM sales volume6,478 (EUR kg)35
2025-01-17FY2024other recycling materials input545 (thousand t)35
2025-01-17FY2024operating ROCE prior year11.335
2025-01-17FY2024Operating ROCE11.535
2025-01-17FY2024nickel sales volume3,527 (EUR t)35
2025-01-17FY2024net financial position-61 (in € million)35
2025-01-17FY2024minor metals sales volume766 (EUR t)35
2025-01-17FY2024lead sales volume39,680 (EUR t)35
2025-01-17FY2024investment already executed50 (EUR %)35
2025-01-17FY2024industrial heat households28,00035
2025-01-17FY2024hydrogen anode furnaces investment40 (EUR € million)35
2025-01-17FY2024hydrogen anode furnaces gas savings30 %35
2025-01-17FY2024hydrogen anode furnaces annual CO2 avoidance1,20035
2025-01-17FY2024hydrogen anode furnaces CO2 savings potential5,00035
2025-01-17FY2024gold sales volume46 (EUR t)35
2025-01-17FY2024flat rolled products specialty wire output131 (thousand t)35
2025-01-17FY2024expected additional EBITDA contribution260 (EUR € million)35
2025-01-17FY2024equity ratio5535
2025-01-17FY2024concentrate throughput2,266,00035
2025-01-17FY2024CO2 reduction solar park25,00035
2025-01-17FY2024CO2 reduction industrial heat120,00035
2025-01-17FY2024CO2 reduction Hamburg hydrogen5,00035
2025-01-17FY2024cathode output1,092 (thousand t)35
2025-01-17FY2024cash outflow investment activities537 (EUR € million)35
2025-01-17FY2024approved strategic investment volume1.7 (billion)35
2025-01-17FY2024annual solar generation55,00035
2025-01-17FY2024annual bonus target achievement individual performance10035
2025-01-17FY2024annual bonus target achievement ESG10035
2025-01-17FY2024annual bonus target achievement EBT123.335
2025-01-17FY2024additional households heat supply28,00035
2025-01-17FY2024Work in process1,085,053 (in € thousand)35
2025-01-17FY2024Total lease liabilities48,823 (in € thousand)35
2025-01-17FY2024Total bank borrowings334,399 (in € thousand)35
2025-01-17FY2024Technical equipment and machinery (carrying amount)1,371,097 (EUR in € thousand)35
2025-01-17FY2024Share interests in affiliated companies10,481 (in € thousand)35
2025-01-17FY2024Scope 3 emissions4.6 (million t CO2)35
2025-01-17FY2024Scope 1+2 emissions1.2 (million t CO2)35
2025-01-17FY2024Raw materials and supplies1,559,580 (in € thousand)35
2025-01-17FY2024ROCE prior year15.435
2025-01-17FY2024ROCE5.635
2025-01-17FY2024Present value of unfunded benefit obligations104,053 (EUR in € thousand)35
2025-01-17FY2024Present value of funded benefit obligations400,803 (EUR in € thousand)35
2025-01-17FY2024Pirdop tankhouse refined copper capacity340,00035
2025-01-17FY2024Pirdop tankhouse expansion capacity increase50 %35
2025-01-17FY2024Payments on account for assets under construction (carrying amount)862,809 (in € thousand)35
2025-01-17FY2024Other financial fixed assets374 (EUR in € thousand)35
2025-01-17FY2024Other equipment, factory and office equipment (carrying amount)64,538 (EUR in € thousand)35
2025-01-17FY2024Operating ROCE5.6 %35
2025-01-17FY2024Operating ROCE11.535
2025-01-17FY2024Net carrying amount (pension)136,577 (EUR in € thousand)35
2025-01-17FY2024Market capitalization2,960 (EUR m)35
2025-01-17FY2024MMR segment revenues5,834 (EUR € million)35
2025-01-17FY2024MMR segment operating ROCE5.6 %35
2025-01-17FY2024MMR segment operating EBT79 (€ million)35
2025-01-17FY2024MMR segment cathode output514 (thousand t)35
2025-01-17FY2024MMR segment capex388 (EUR € million)35
2025-01-17FY2024Loss carryforwards28,204 (EUR in € thousand)35
2025-01-17FY2024Lease liabilities (non-current)36,419 (in € thousand)35
2025-01-17FY2024Lease liabilities (current)12,404 (in € thousand)35
2025-01-17FY2024Land and buildings (carrying amount)491,027 (EUR in € thousand)35
2025-01-17FY2024LTIFR3.135
2025-01-17FY2024Investments31 (EUR in € thousand)35
2025-01-17FY2024Industrial Heat expansion investment100 (EUR € million)35
2025-01-17FY2024Industrial Heat CO2 reduction120,00035
2025-01-17FY2024Group operating ROCE11.5 %35
2025-01-17FY2024Group operating EBT413 (€ million)35
2025-01-17FY2024Gross profit1,794,792 (EUR in € thousand)35
2025-01-17FY2024Gross cash flow prior year501,132 (EUR in € thousand)35
2025-01-17FY2024Gross cash flow676,913 (EUR in € thousand)35
2025-01-17FY2024Franchises, industrial property rights, and licenses127,846 (in € thousand)35
2025-01-17FY2024Staff turnover rate9.9 %35
2025-01-17FY2024Finished goods, merchandise901,161 (in € thousand)35
2025-01-17FY2024Fair value of plan assets391,624 (EUR in € thousand)35
2025-01-17FY2024Dividend per share1.5035
2025-01-17FY2024Deferred tax assets for loss carryforwards4,591 (EUR in € thousand)35
2025-01-17FY2024Cost of materials ratio prior year93.9 %35
2025-01-17FY2024Cost of materials ratio90.6 %35
2025-01-17FY2024Cash and cash equivalents322,370 (EUR in € thousand)35
2025-01-17FY2024Cash and cash equivalents3,713 (EUR in € thousand)35
2025-01-17FY2024CSP segment revenues17,278 (EUR € million)35
2025-01-17FY2024CSP segment operating ROCE19.6 %35
2025-01-17FY2024CSP segment operating EBT446 (€ million)35
2025-01-17FY2024CSP segment operating EBITDA584 (EUR € million)35
2025-01-17FY2024CSP segment operating EBIT443 (EUR € million)35
2025-01-17FY2024CSP segment cathode output578 (thousand t)35
2025-01-17FY2024CSP segment capital employed2,358 (EUR € million)35
2025-01-17FY2024CSP segment capex467 (EUR € million)35
2025-01-17FY2024Bank borrowings (non-current)198,987 (in € thousand)35
2025-01-17FY2024Bank borrowings (current)135,412 (in € thousand)35
2025-01-17FY2024BOB project investment85 (EUR € million)35
2025-01-17FY2024BOB project gas savings30 %35
2025-01-17FY2024BOB project equipment investment40 (EUR € million)35
2025-01-17FY2024Average length of employment12.735
2025-01-17FY2024Aurubis Richmond total investment740 (EUR € million)35
2025-01-17FY2024Aurubis Richmond recycling capacity180,00035
2025-01-17FY2024Aurubis AG total assets5,149 (EUR € million)35
2025-01-17FY2024Aurubis AG net financial liabilities875 (€ million)35
2025-01-17FY2024Aurubis AG fixed assets2,855 (EUR € million)35
2025-01-17FY2024Aurubis AG equity ratio39 %35
2025-01-17FY2024Aurubis AG equity1,995 (EUR € million)35
2025-01-17FY2024Aurubis AG cash equivalents310 (EUR € million)35
2025-01-17FY2024Aurubis AG bank borrowings335 (€ million)35
2025-01-17FY2024Apprenticeship rate Germany6.8 %35
2025-01-17FY2024Apprentice retention rate Germany73.6 %35
2025-01-17FY2024ASPA project investment33 (EUR € million)35
2025-02-082024-Q4ROCE11.7 %36
2025-02-062024-Q4Total investment approved for strategic projects€ 1.7 billion15
2025-02-062024-Q4Prior year operating ROCE9.7 %15
2025-02-062024-Q4Operating ROCE (prior year)9.737
2025-02-062024-Q4Operating ROCE11.7 %15
2025-02-062024-Q4Operating ROCE11.737
2025-02-062024-Q4Invested capital from strategic projects€ 1 billion15
2025-02-062024-Q4Industrial Heat expansion capacity28,000 Hamburg households15
2025-02-062024-Q4Expected additional annual EBITDA contribution from strategic projects€ 260 million15
2025-02-062024-Q4Equity ratio54.737
2025-02-062024-Q4Debt coverage0.04 (EUR millions)37
2025-02-062024-Q4CO2 emissions avoided by Industrial Heat project120,000 t15
2024-08-052024-Q2Sulfuric acid1,61318
2024-08-052024-Q2Shapes13518
2024-08-052024-Q2Rod68318
2024-08-052024-Q2Other recycling materials (MMR)39018
2024-08-052024-Q2Operating ROCE11.118
2024-08-052024-Q2Flat rolled products and specialty wire9918
2024-08-052024-Q2Equity ratio54.418
2024-08-052024-Q2Debt coverage0.5 (EUR millions)18
2024-08-052024-Q2Concentrates (CSP)1,74118
2024-08-052024-Q2Cathodes (MMR)38318
2024-08-052024-Q2Cathodes (CSP)45518
2024-08-052024-Q2Capital employed3,968 (EUR €m)18
2024-08-042024-Q2Wire rod output683,00017
2024-08-042024-Q2Sulfuric acid output1,613,00017
2024-08-042024-Q2ROCE operating11.117
2024-08-042024-Q2ROCE MMR segment10.417
2024-08-042024-Q2ROCE CSP segment16.117
2024-08-042024-Q2Equity ratio operating54.417
2024-08-042024-Q2Equity ratio IFRS56.517
2024-08-042024-Q2Concentrate throughput1,741,00017
2024-08-042024-Q2Cathode output MMR383,00017
2024-08-042024-Q2Cathode output CSP455,00017
2023-10-012024-H1Wire rod output4468
2023-10-012024-H1sulfuric acid output1,1918
2023-10-012024-H1Other recycling materials input MMR2678
2023-10-012024-H1net financial position-1388
2023-10-012024-H1Concentrate throughput CSP1,2918
2023-10-012024-H1Cathode output MMR2538
2023-10-012024-H1Cathode output CSP3048
2023-10-012024-H1ROCE10.08
2024-05-152024-Q1Operating ROCE10.014
2024-05-152024-Q1Equity ratio54.214
2024-05-152024-Q1Debt coverage0.2 (EUR millions)14
2024-05-152024-Q1Capital employed3,683 (EUR €m)14
2025-12-11FY2023Water discharge per t copper output13126
2025-12-11FY2023Waste per t copper output Hamburg2526
2025-12-11FY2023Solar generation Pirdop annual55,00026
2025-12-11FY2023Solar capacity Pirdop coverage15 %26
2025-12-11FY2023Scope 1+2 emissions absolute 20231,17926
2025-12-11FY2023Scope 1+2 emissions absolute 20221,32726
2025-12-11FY2023Scope 1+2 emissions absolute 20181,45926
2025-12-11FY2023NOx per t copper output38526
2025-12-11FY2023Metal emissions to water target 20300.8726
2025-12-11FY2023Metal emissions to water 20230.6226
2025-12-11FY2023Lead per t copper output2.226
2025-12-11FY2023Lead emissions Luenen3.326
2025-12-11FY2023Industrial heat usage reduction cooling water12 million26
2025-12-11FY2023Industrial heat stage 2 apartments20,00026
2025-12-11FY2023industrial heat future potential500 million26
2025-12-11FY2023industrial heat CO2 reduction stage 2100,00026
2025-12-11FY2023electric forklifts Hamburg 20224026
2025-12-11FY2023electric charging stations Hamburg15026
2025-12-11FY2023EcoVadis rating percentile 2023Top 1 %26
2025-12-11FY2023dust emissions target 203056.426
2025-12-11FY2023dust emissions specific 202340.126
2025-12-11FY2023dust emissions Luenen6126
2025-12-11FY2023CU port truck transport reduction11,00026
2025-12-11FY2023CU port CO2 reduction78026
2025-12-11FY2023CRH additional recycling capacity30,00026
2025-12-11FY2023copper per t copper output12.626
2025-12-11FY2023conversion into products99.226
2025-12-11FY2023CO2 savings solar Pirdop25,00026
2025-12-11FY2023CO2 savings new anode furnaces hydrogen5,00026
2025-12-11FY2023CO2 savings new anode furnaces efficiency1,20026
2025-12-11FY2023CO2 from fuels per t copper output0.2726
2025-12-11FY2023CDP water security rating 2023B26
2025-12-11FY2023CDP climate rating 2023A-26
2025-12-11FY2023cadmium immissions at Veddel0.926
2025-12-11FY2023BoB truck transport reduction2,60026
2025-12-11FY2023BoB CO2 reduction1,50026
2025-12-11FY2023battery metals recovery rate95 %26
2025-12-11FY2023Aurubis Richmond stage 1 capacity90,00026
2025-12-11FY2023arsenic per t copper output0.726
2025-12-11FY2023arsenic immissions at Veddel4.726
2023-12-20FY2023supervisory board women pct33%12
2023-12-20FY2023second management level women pct18%12
2023-12-20FY2023first management level women pct26%12
2023-12-20FY2023executive board women pct25%12
2023-10-012023-Q3wire rod output prior year1959
2023-10-012023-Q3Wire rod output2059
2023-10-012023-Q3shapes output prior year499
2023-10-012023-Q3Shapes output359
2023-10-012023-Q3ROCE operating prior year16.39
2023-10-012023-Q3ROCE operating9.79
2023-10-012023-Q3net cash flow prior year-62 (EUR millions)9
2023-10-012023-Q3net cash flow-202 (EUR millions)9
2023-10-012023-Q3Multimetal Recycling revenues prior year1,316 (EUR millions)9
2023-10-012023-Q3Multimetal Recycling revenues1,286 (EUR millions)9
2023-10-012023-Q3Multimetal Recycling ROCE prior year18.39
2023-10-012023-Q3Multimetal Recycling ROCE13.59
2023-10-012023-Q3gross profit operating prior year393 (EUR millions)9
2023-10-012023-Q3Gross profit operating406 (EUR millions)9
2023-10-012023-Q3Gross margin operating prior year540 (millions)9
2023-10-012023-Q3Gross margin operating514 (millions)9
2023-10-012023-Q3Free cash flow prior year-137 (EUR millions)9
2023-10-012023-Q3Free cash flow-342 (EUR millions)9
2023-10-012023-Q3Custom Smelting Products revenues prior year4,123 (EUR millions)9
2023-10-012023-Q3Custom Smelting Products revenues4,071 (EUR millions)9
2023-10-012023-Q3Custom Smelting Products ROCE prior year18.99
2023-10-012023-Q3Custom Smelting Products ROCE11.59
2023-10-012023-Q3Concentrate throughput CSP prior year6359
2023-10-012023-Q3Concentrate throughput CSP6469
2023-08-152023-Q2Operating ROCE15.111
2023-08-152023-Q2Equity ratio57.511
2023-08-152023-Q2Debt coverage0.0 (EUR millions)11
2023-08-152023-Q2Capital employed3,457 (EUR €m)11
2023-08-072023-Q2Wire rod output69310
2023-08-072023-Q2Sulfuric acid output1,57710
2023-08-072023-Q2Gross margin MMR segment49310
2023-08-072023-Q2Gross margin Group1,62710
2023-08-072023-Q2Gross margin CSP segment1,13410
2023-08-072023-Q2Concentrate throughput CSP1,70510
2023-08-072023-Q2Cathode output MMR38910
2023-08-072023-Q2Cathode output CSP45210
2023-08-072023-Q2Benchmark TC RC 2023US$ 88/t and 8.8 cents/lb10
2023-05-112023-Q1Operating ROCE15.63
2023-05-112023-Q1MMR ROCE15.53
2023-05-112023-Q1Equity ratio53.13
2023-05-112023-Q1Debt coverage-0.2 (EUR millions)3
2023-05-112023-Q1Capital employed3,253 (EUR millions)3
2023-05-112023-Q1CSP ROCE19.13
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Guidance Tracking (latest per metric/period · 2/13)#

All management forecasts (guidance) and their later outcome. Methodology

For periodGuided onMetricGuidedDirectionSource
FY20252026-03-03 °Operating EBT330–370confirmed28
FY20252026-03-03 °Operating ROCE8–10%confirmed28
FY20242023-12-20Operating earnings before taxes (EBT)380–480raised13
FY20242023-12-20Operating EBT380–480confirmed13
FY20242023-12-20Operating ROCE10–14%confirmed13
FY20242023-12-20Multimetal Recycling operating EBT60–120confirmed13
FY20242023-12-20Multimetal Recycling operating ROCE5–9%confirmed13
FY20242023-12-20Custom Smelting & Products operating EBT410–470confirmed13
FY20242023-12-20Custom Smelting & Products operating ROCE19–23%confirmed13
FY20232025-10-01 °EBT310–350confirmed5
FY20232023-12-20 °Operating earnings before taxes (EBT)310–350confirmed4
FY20232023-12-20 °Operating EBT310–350confirmed13
FY20232023-12-20 °Operating ROCE8–12%confirmed13
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Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Methodology

FY2026

Aurubis AG's fiscal year 2026 was shaped by a favorable metal price environment that drove nine-month revenues 29% higher year-over-year to EUR 17,769 million, primarily from copper and precious metals price gains 32. Operating earnings before taxes improved 31% to EUR 374 million over the nine-month period 32, prompting the company to raise its full-year operating EBT guidance to EUR 425 to 525 million mid-year and subsequently confirm the upper end of that range 29 33. Three major capital projects reached commissioning milestones: Complex Recycling Hamburg was inaugurated in July 2026, the Pirdop copper tankhouse expansion entered its ramp-up phase targeting 120,000 additional tonnes of cathode capacity, and Aurubis Richmond Phase 1 began gradual commissioning, though its timeline was extended with Phase 1 now targeted for FY 26/27 and Phase 2 for FY 27/28 33. Elevated inventory build-up tied to the Pirdop ramp-up drove nine-month net cash flow to EUR -28 million, contributing to net debt of 686 million by the end of the third quarter 32 34.

FY2025

Aurubis AG reported total revenues of €18,171 million in fiscal year 2024/25, higher than the prior year, primarily driven by significantly higher copper and precious metal prices 28. Full-year operating EBT declined approximately 14% year-over-year to €355 million, within the revised forecast range of €330 to 370 million, weighed down by markedly lower treatment and refining charges on the spot market and ramp-up costs for strategic projects 28. Consolidated net income for the year was 539 million and full-year operating cash flow reached 677 million, higher than the prior year, supported by a reduction in net working capital 28. Two major recycling facilities reached commissioning milestones: the BOB hydrometallurgical facility in Olen, Belgium commenced operation in December 2024, and the first phase of the Aurubis Richmond multimetal recycling plant in Georgia, US began gradual commissioning in September 2025 28. The company concluded the fiscal year by launching the updated strategy 'Aurubis Performance 2030' and proposing a dividend of €1.60 per share under a revised policy targeting a 30% payout of operating consolidated net income 28.

FY2024

Aurubis AG recorded revenues of 17,138 million euros in fiscal year 2023/24 and operating earnings before taxes (EBT) of €413 million, up 19% from €349 million in the prior year, within the confirmed guidance range of €380 to 480 million 35. The CSP segment operating EBT rose significantly to €446 million from €253 million, driven by higher treatment and refining charges and increased cathode premiums, while the MMR segment operating EBT declined to €79 million from €174 million due to lower refining charges for recycling materials 35. Consolidated net income reached 416.4 million euros and earnings per share 9.53 euros, as operating cash flow remained high at 537.5 million euros despite capital expenditure of 388 million euros directed toward strategic growth projects 35. The Hamburg site underwent the largest planned maintenance shutdown in the company's history during May–July 2024, and the Aurubis Richmond multimetal recycling plant in Georgia, US, was inaugurated in September 2024 representing a €740 million investment 35. The net financial position shifted from a prior-year positive €232 million to net debt of 61 million euros by fiscal year end, and operating EBT guidance for FY2024/25 was set at €300 to 400 million 35.

FY2023

In fiscal year 2023, Aurubis reported full-year revenues of 17,063.7 million and net income of 141.1 million, with diluted earnings per share of 3.23 139. Revenues were lower year-over-year, primarily reflecting lower metal prices and reduced sulfuric acid revenues, partially offset by higher treatment and refining charges for concentrates and a higher Aurubis copper premium 3 10. Operating cash flow reached 572.7 million and free cash flow 500.7 million, with the group holding a net cash position of 231.7 million at fiscal year-end 139. Aurubis raised its FY2022/23 operating EBT guidance to €450-550 million during the year and subsequently set FY2023/24 guidance at an operating EBT range of €380-480 million 10 7. Three members of the Executive Board agreed to early contract terminations in connection with fraud and theft at the Hamburg plant, while the company approved approximately €1.7 billion in strategic investment commitments including the Aurubis Richmond recycling plant in the US and the Precious Metals Refinery in Hamburg 9.

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Glossary#

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing
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Sources: quarterly reports, annual reports and investor relations documents#

All original documents NadirAlpha used for this report, with type (quarterly report, half-year report, annual report, earnings release), publication date and a direct link to the filing (EDINET/SEC/IR). Methodology

42 documents · 2023 to 2026 · IR
#Document typePublishedLink
#1IR-Quarter quarterly report2023-02-06Open
#38 / #145IR-Quarter quarterly report2023-03-02Open
#2 / #102IR-Half half-year report2023-05-11Open
#3IR-Quarter quarterly report2023-05-11Open
#39IR-Report report2023-06-27Open
#10 / #110IR-Quarter quarterly report2023-08-07Open
#11IR-Quarter quarterly report2023-08-15Open
#6IR-Report report2023-10-01Open
#7IR-Quarter quarterly report2023-10-01Open
#8 / #108IR-Report report2023-10-01Open
#9 / #109IR-Quarter quarterly report2023-10-01Open
#4IR-Annual annual report2023-12-20Open
#12IR-Report report2023-12-20Open
#13 / #113IR-Annual annual report2023-12-20Open
#14 / #115IR-Quarter quarterly report2024-05-15Open
#17 / #118IR-Quarter quarterly report2024-08-04Open
#18IR-Quarter quarterly report2024-08-05Open
#35 / #139IR-Annual annual report2025-01-17Open
#15IR-Quarter quarterly report2025-02-06Open
#16IR-Quarter quarterly report2025-02-06Open
#37IR-Quarter quarterly report2025-02-06Open
#36 / #141IR-Quarter quarterly report2025-02-08Open
#19 / #120IR-Quarter quarterly report2025-05-08Open
#20 / #121IR-Quarter quarterly report2025-05-08Open
#23IR-Report report2025-07-21Open
#24 / #125IR-Quarter quarterly report2025-08-05Open
#25 / #126IR-Quarter quarterly report2025-08-18Open
#5IR-Annual annual report2025-10-01Open
#21 / #122IR-Quarter quarterly report2025-10-01Open
#22 / #123IR-Quarter quarterly report2025-10-01Open
#42IR-Annual annual report2025-12-04Open
#26IR-Report report2025-12-11Open
#27IR-Report report2025-12-11Open
#28 / #129IR-Annual annual report2026-03-03Open
#40IR-Quarter quarterly report2026-05-08Open
#41IR-Quarter quarterly report2026-05-08Open
#29 / #130IR-Quarter quarterly report2026-05-11Open
#30 / #131IR-Quarter quarterly report2026-05-11Open
#31IR-Report report2026-07-06Open
#32 / #133IR-Quarter quarterly report2026-08-06Open
#33IR-Quarter quarterly report2026-08-06Open
#34 / #135IR-Quarter quarterly report2026-08-21Open

FAQ#

Does Aurubis AG pay a dividend?

The filings report on the dividend; most recent entry: dividends paid €65,488,545 (FY2025) (as reported, no assessment of our own). Details with source links are in the report chapters.

Where can I find the official investor relations documents of Aurubis AG?

NadirAlpha links all 63 original filings used (IR documents) in the sources chapter: quarterly report, annual report, report, each with type, publication date and a direct link; every figure in the report carries a source number.

More reports by NadirAlpha#

All reports · German Stocks (31)

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