Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Anglo American's retained earnings for the quarter that ended in Dec. 2025 was CHF22,482 Mil.
Anglo American's quarterly retained earnings
declined
from Dec. 2024 (CHF32,761 Mil) to Jun. 2025 (CHF24,166 Mil) and
declined
from Jun. 2025 (CHF24,166 Mil) to Dec. 2025 (CHF22,482 Mil).
Anglo American's annual retained earnings
declined
from Dec. 2023 (CHF35,336 Mil) to Dec. 2024 (CHF32,761 Mil) and
declined
from Dec. 2024 (CHF32,761 Mil) to Dec. 2025 (CHF22,482 Mil).
Anglo American (XSWX:AAM) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Anglo American Retained Earnings Historical Data
* Premium members only.
The historical data trend for Anglo American's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of CHF22,482 Mil mean?
Anglo American (XSWX:AAM) has a Retained Earnings of CHF22,482 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Anglo American and its competitors.
Is Anglo American's Retained Earnings too high?
Anglo American's current Retained Earnings is CHF22,482 Mil. Overall, Anglo American has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglo American's Retained Earnings compare to competitors?
Anglo American's Retained Earnings of CHF22,482 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Anglo American and its competitors. Anglo American's current Retained Earnings is CHF22,482 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Based on GuruFocus' analysis, Anglo American (XSWX:AAM) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF17.19, compared to a current price of CHF39.80 — trading 131.5% above its estimated fair value. The current Retained Earnings is CHF22,482 Mil. Anglo American's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Anglo American (XSWX:AAM), the current Retained Earnings is CHF22,482 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Anglo American (XSWX:AAM) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of CHF39.80 is trading 131.5% above its estimated GF Value™ of CHF17.19.
GuruFocus considers Anglo American to be Significantly Overvalued.
Key valuation signals for XSWX:AAM:
Retained Earnings: CHF22,482 Mil
GF Value™: CHF17.19 vs. price of CHF39.80 (131.5% above fair value)
No single metric tells the full story. See the XSWX:AAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
44GF Score
Get the complete analysis for XSWX:AAM
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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