Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
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KGHM, Poland's largest copper miner, reported a Q4 net profit of 1.56 billion zlotys, reversing a previous loss, with revenue up 17% due to higher metal prices.
GDANSK (Reuters) - Poland's biggest copper miner KGHM Polska Miedz posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion zlotys a year ago.
Full-year 2024 adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 8.46 billion zlotys from 5.36 billion zlotys in 2023.
Group revenue for the fourth quarter rose more than 17% to 9.18 billion zlotys, driven mainly by higher silver, gold and copper prices.
($1 = 3.8795 zlotys)
(Reporting by Anna Banacka, additional reporting by Rafal W. Nowak; Editing by Kirsten Donovan)
The main topic is KGHM's financial performance in the fourth quarter, including a net profit of 1.56 billion zlotys.
KGHM reported a net profit of 1.56 billion zlotys for Q4, reversing a loss from the previous year, with increased revenue due to higher metal prices.
The revenue increase was driven by higher prices of silver, gold, and copper.
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