Germany-based commodities trading and marketing company HMS Bergbau AG has published its final figures for the first half of 2026, confirming preliminary results that show substantial year-on-year growth. Revenue increased from EUR 0.64 billion to EUR 1.1 billion under IFRS, while EBITDA including one-off items rose from EUR 8.4 million to EUR 22.5 million. Adjusted for EUR 8.4 million in one-off items related to the first-time consolidation of South African mining company Hoshoza Resources Vryheid, operating EBITDA stood at EUR 14.1 million. The company noted that because it prepared accounts under the German Commercial Code (HGB) in the previous year, the half-year figures are only comparable to a limited extent.
The growth was primarily fueled by HMS's traditional bulk commodities business and its liquid fuels and lubricants segment, which was established in 2025. The company benefited from sustained high demand for coal products in emerging and developing economies. According to the International Energy Agency (IEA), global coal consumption is expected to rise by 1.2 percent to nearly 9 billion tonnes this year, a reversal from last year's forecast of a slight decline for 2026. This upward revision underscores the persistent role of coal in the global energy mix, even as many nations pursue renewable alternatives.
HMS also significantly expanded its activities in metal ores, bringing its metallurgical coal mines in Botswana and South Africa into operation during the first half. The company further grew its liquid fuels business. Notably, regional crises in the Middle East and their impact on global energy supply had no negative effect on HMS's operations, highlighting the company's operational resilience and diversified geographic footprint.
For investors and industry observers, these results matter because they demonstrate HMS's ability to capitalize on shifting global energy demand patterns. The strong performance suggests that commodities traders with exposure to both traditional and transitional energy sources can thrive despite geopolitical uncertainties. The company's move into mining production through acquisitions like Hoshoza Resources Vryheid also signals a strategic shift toward vertical integration, potentially securing supply and enhancing margins in the long term.
The full 2026 half-year report is available for download on the company's website, www.hms-ag.com, under the Investor Relations section. The original release can be viewed on www.newmediawire.com.
As global energy markets continue to evolve, HMS's performance in the first half of 2026 positions it as a key player in the commodities trading sector, with implications for supply chains and pricing across multiple regions. The company's ability to navigate geopolitical tensions and regulatory changes will be closely watched in the coming months.
