Teck Resources Ltd (FRA:TEKB)
€ 52.24 -1.84 (-3.4%) Market Cap: 24.87 Bil Enterprise Value: 28.13 Bil PE Ratio: 21.84 PB Ratio: 1.53 GF Score: 75/100

Q4 2025 Teck Resources Ltd Earnings Call Transcript

Feb 19, 2026 / 04:00 PM GMT
Release Date Price: €48.67 (-2.17%)

Key Points

Positve
  • Teck Resources Ltd (TECK) announced a transformational merger with Anglo-American, positioning it as a top 5 global copper producer.
  • The company reported an 81% increase in adjusted EBITDA for Q4 2025, driven by higher copper prices and increased by-product revenue.
  • Teck Resources Ltd (TECK) achieved a significant improvement in safety performance, with a 50% reduction in high potential incident frequency rate.
  • The company reached 100% renewable power in Chile, enhancing its sustainability credentials.
  • Teck Resources Ltd (TECK) returned $1.3 billion to shareholders through share buybacks and dividends in 2025.
Negative
  • Teck Resources Ltd (TECK) experienced two fatal incidents at Antamina in 2025, highlighting ongoing safety challenges.
  • The company reported lower sales volumes in Q4 2025 due to weather-related delays impacting shipments.
  • There was a decrease in zinc segment gross profit by 55% compared to the previous year, due to lower sales volumes.
  • Teck Resources Ltd (TECK) expects elevated deferred stripping levels at Highland Valley until 2028, impacting cash flow.
  • The company faces significant capital expenditure requirements in 2026, with peak spending expected for TMF development and the Highland Valley Mine Life Extension project.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TECKb.TO - Teck Resources Ltd
Q4 2025 Teck Resources Ltd Earnings Call
Feb 19, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to Tech 4th quarter 2025 earnings release conference call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. To join the question queue, press star, then 1 on your touchstone phone.

Should anyone need assistance during the conference call?

You may signal an operator by pressing, then 0 on your telephone.

This conference call is being recorded on Thursday, February 19, 2,022,026. I would now like to turn the conference over to Emma Chapman, Vice President, Investor relations. Please go ahead.

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