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    Home > Finance > Poland's KGHM fourth-quarter net result swings to profit of 1.56 billion zlotys
    Finance

    Poland's KGHM fourth-quarter net result swings to profit of 1.56 billion zlotys

    Published by Global Banking & Finance Review®

    Posted on March 26, 2025

    1 min read

    Last updated: January 24, 2026

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    Quick Summary

    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.

    KGHM's Q4 Profit Reaches 1.56 Billion Zlotys

    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)

    Key Takeaways

    • •KGHM reported a net profit of 1.56 billion zlotys for Q4.
    • •The company reversed a loss of 4.53 billion zlotys from the previous year.
    • •Full-year EBITDA rose to 8.46 billion zlotys in 2024.
    • •Revenue increased by over 17% due to higher metal prices.
    • •KGHM is Poland's largest copper miner.

    Frequently Asked Questions about Poland's KGHM fourth-quarter net result swings to profit of 1.56 billion zlotys

    1What is the main topic?

    The main topic is KGHM's financial performance in the fourth quarter, including a net profit of 1.56 billion zlotys.

    2How did KGHM perform financially?

    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.

    3What contributed to KGHM's revenue increase?

    The revenue increase was driven by higher prices of silver, gold, and copper.

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