HMS Bergbau AG, a leading independent commodities trading and marketing company based in Germany, today published its audited financial figures for fiscal year 2025, confirming a significant earnings surge. The company reported EBITDA of EUR 60.1 million, tripling the previous year's EUR 20.1 million, and net profit of EUR 54.8 million, more than quadrupling from EUR 13.2 million. These figures, prepared for the first time under IFRS, were largely in line with the preliminary results released on 14 April 2026.
The EBITDA increase was partly driven by positive one-time valuation effects of around EUR 37 million from the transition to IFRS, particularly from the initial consolidation of Maatla Resources, a coal mine in Botswana. Group sales declined to EUR 1.22 billion from EUR 1.36 billion due to lower commodity prices.
For the current fiscal year 2026, HMS expects group sales of EUR 2 billion and an EBITDA of EUR 55 million. This includes a one-time valuation effect of approximately EUR 20 million from the initial consolidation of Hoshoza Resources Vryheid in South Africa. Excluding this effect, adjusted EBITDA is projected to increase from EUR 23.1 million in 2025 to EUR 35 million in 2026.
The company highlighted strategic decisions made in 2025 to expand into liquid fuels, raw material production, and traditional trading, positioning it as a fully integrated, internationally oriented commodity house along the entire value chain beyond coal trading. The full annual report for 2025 is available for download on the company's website at www.hms-ag.com in the Investor Relations section.
HMS Bergbau AG will hold a video conference for investors and media on 6 July 2026 at 3:00 p.m. CET. CEO Dennis Schwindt and CFO Jens Moir will present the 2025 financial ratios and 2026 outlook. Registration is available via this link.
Additionally, HMS announced that due to current market conditions in the mid-cap bond market, the company has suspended its current bond issuance but remains in close contact with investors.
