HMS Bergbau AG has released preliminary figures for the 2025 financial year, revealing a substantial increase in profitability driven by its shift to International Financial Reporting Standards (IFRS) and strategic acquisitions in the mining sector. The company reported EBITDA of EUR 59.4 million, a threefold increase from EUR 20.1 million in the prior year, while sales reached EUR 1.22 billion, slightly below the previous year’s EUR 1.36 billion due to lower commodity prices.
The change from German GAAP (HGB) to IFRS introduced one-off valuation effects contributing approximately EUR 37 million to earnings, primarily from the initial consolidation of Maatla Resources (Pty.) Ltd. This transition enhances comparability with international competitors and increases transparency for investors. Net income for the year surged to EUR 54.8 million from EUR 13.2 million, and equity significantly strengthened to EUR 136.5 million, raising the equity ratio to 38.2% from 23.2%.
CEO Dennis Schwindt emphasized the company’s strategic transformation, stating, ‘We have substantially expanded our commodity activities along the value chain and operate as a broadly positioned commodity company with activities in coal trading, liquid fuels, ore and cement product trading as well as in commodity mining.’ This diversification aims to enhance resilience and offer integrated services to customers. In 2025, HMS acquired majority stakes in mining companies, including Hoshoza Resources Vryheid in South Africa and Maatla in Botswana, with the latter already contributing positively to earnings.
The company’s management is exploring options to further strengthen its capital base, including potential capital measures, though no decisions have been finalized. The complete annual financial statements and report, including the outlook for 2026, will be available for download from June 30, 2026, on the company’s website at https://www.hms-ag.com in the Investor Relations section. HMS has scheduled a webcast for investors and media on April 15, 2026, at 09:30 a.m., where Schwindt and CFO Jens Moir will discuss the results and future plans.
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