Finance
Anglo American hit by De Beers writedown, posts $3.7 billion loss
Published by Global Banking & Finance Review®
Posted on February 20, 2026
1 min readLast updated: February 20, 2026
Quick Summary
Anglo American posted a $3.7bn loss after a $2.3bn impairment at De Beers. The miner cut its dividend to 0.23 cents and keeps offloading non-core assets while advancing its Teck Resources merger.
De Beers Writedown Drives Anglo American to $3.7 Billion Loss
Net Loss and Writedown
Earnings and Impairment Overview
LONDON, Feb 20 (Reuters) - Anglo American posted a $3.7 billion loss on Friday after taking another writedown on its diamonds business, as the miner pushes ahead with plans to shed non-core assets and complete its merger with Teck Resources.
De Beers Unit Impact
Impairment and Dividend Details
The company booked a $2.3 billion pre-tax impairment, mostly tied to its De Beers unit, and declared a dividend of 0.23 cents per share, or about $200 million. That was down from $0.64 a share, or $800 million, a year earlier.
Reporting and Editing Credits
(Reporting by Clara Denina. Editing by Mark Potter)
Key Takeaways
- •Anglo American reported a $3.7bn loss for the period.
- •A $2.3bn pre-tax impairment was largely tied to De Beers.
- •Dividend cut to 0.23 cents per share, about $200m total payout.
- •Company continues to shed non-core assets as part of its overhaul.
- •Anglo American is pushing to complete its merger with Teck Resources.
Frequently Asked Questions about Anglo American hit by De Beers writedown, posts $3.7 billion loss
1What is the main topic?
Anglo American reported a $3.7bn loss driven by a large De Beers writedown, cut its dividend, and is continuing asset disposals while advancing its merger with Teck Resources.
2How much was the De Beers writedown?
The company booked a $2.3bn pre-tax impairment, mostly tied to its De Beers diamond unit.
3What happened to the dividend?
Anglo American declared a dividend of 0.23 cents per share, about $200m in total, down from $0.64 a year earlier.
