3:25 14 May 2026
KGHM Polska Miedź had PLN 3.5 bln net profit
KGHM Polska Miedź reported a sharp rise in first-quarter 2026 earnings, with net profit attributable to shareholders reaching PLN 3.53 bln, up from PLN 330 mln a year earlier. Revenue increased 33% year over year to a record PLN 11.87 bln, while adjusted EBITDA more than doubled to PLN 5.46 bln. The company benefited from higher copper and silver prices, strong production results, and improved efficiency across its Polish mines and smelters.
Copper production rose 4% to 176,000 tons, while cash production costs fell 35% to USD 1.69 per pound, supported by strong by-product revenues from silver and precious metals. CEO Remigiusz Paszkiewicz said the results reflect KGHM’s operational strength and will support long-term strategic investments. The company plans to spend more than PLN 4.1 bln on investments in 2026.
