Full Year 2025 KGHM Polska Miedz SA Earnings Call Transcript

Mar 26, 2026 / 11:00 AM GMT

Release Date Price: $70.1

Transcript

Key Points

Positve

KGHM Polska Miedz SA (KGHPF) reported excellent financial results for 2025, driven by increased production and sales, particularly in copper and silver.
The company successfully minimized the risk of mine flooding in Poland, ensuring stable mining output.
Foreign assets became financially independent for the first time, contributing significantly to the group's profits.
The Sierra Gorda assets were revalued positively, indicating improved performance and profitability.
KGHM Polska Miedz SA (KGHPF) maintained a stable hedging policy, which helped mitigate the impact of market volatility and currency fluctuations.

Negative

The company faced challenges due to macroeconomic volatility and geopolitical instability, affecting tariff policies and market conditions.
There was a decrease in gold production by 15% year on year, impacting overall revenue from precious metals.
KGHM Polska Miedz SA (KGHPF) experienced lower production volumes in its international segment, particularly in the Robinson mine.
The company had to manage increased costs related to third-party inputs and copper tax, which grew by 21%.
Despite positive results, the company acknowledged the need for continued cost optimization and efficiency improvements to sustain growth.

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

KGH.WA - KGHM Polska Miedz SA
Full Year 2025 KGHM Polska Miedz SA Earnings Call
Mar 26, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen. Very warm welcome at the conference, at which we will present the results of KJHF Group for 2025. Amin Paskivich, CEO.

Joanna Sobiara Kozakievich, Vice President for foreign assets.

Speaking of Brea, Vice President for Development.

Pr, Vice President for finances.

And Miroslavlaskowski, Vice President of production.

We also have Janus Christosev, director of Industrial Relationships department at KJM. I would like to inform you that our conference is broadcast online. In the second part, you will have a Q&A session, and the questions can be asked both here in the room or by email.

All answers will be published on our website in

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