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Finance

Poland's KGHM fourth-quarter net result swings to profit of 1.56 billion zlotys

Published by Global Banking & Finance Review

Posted on March 26, 2025

1 min read

· Last updated: January 24, 2026

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GDANSK (Reuters) - Poland's biggest copper miner KGHM Polska Miedz posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion

KGHM's Q4 Profit Reaches 1.56 Billion Zlotys

GDANSK (Reuters) - Poland's biggest copper miner KGHM Polska Miedz posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion zlotys a year ago.

Full-year 2024 adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 8.46 billion zlotys from 5.36 billion zlotys in 2023.

Group revenue for the fourth quarter rose more than 17% to 9.18 billion zlotys, driven mainly by higher silver, gold and copper prices.

($1 = 3.8795 zlotys)

(Reporting by Anna Banacka, additional reporting by Rafal W. Nowak; Editing by Kirsten Donovan)

Key Takeaways

KGHM reported a net profit of 1.56 billion zlotys for Q4.
The company reversed a loss of 4.53 billion zlotys from the previous year.
Full-year EBITDA rose to 8.46 billion zlotys in 2024.
Revenue increased by over 17% due to higher metal prices.
KGHM is Poland's largest copper miner.

Frequently Asked Questions

What is the main topic?

The main topic is KGHM's financial performance in the fourth quarter, including a net profit of 1.56 billion zlotys.

How did KGHM perform financially?

KGHM reported a net profit of 1.56 billion zlotys for Q4, reversing a loss from the previous year, with increased revenue due to higher metal prices.

What contributed to KGHM's revenue increase?

The revenue increase was driven by higher prices of silver, gold, and copper.

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