HMS Bergbau AG, a leading independent commodities trading and marketing company based in Germany, has published its audited financial figures for fiscal year 2025, revealing significant earnings growth. The EBITDA tripled to EUR 60.1 million, up from EUR 20.1 million in the previous year, while net income surged more than fourfold to EUR 54.8 million, compared to EUR 13.2 million in 2024. These final figures largely confirm the preliminary results released on 14 April 2026, with the EBITDA slightly exceeding the preliminary value of EUR 59.4 million.
The strong performance was partly driven by positive one-time valuation effects of approximately EUR 37 million resulting from the transition to IFRS, particularly from the initial consolidation of Maatla Resources (Pty.) Ltd., a coal mine in operation in Botswana. However, group sales decreased from EUR 1.36 billion to EUR 1.22 billion due to lower commodity prices. Despite this, the company's strategic decisions in 2025 to expand into liquid fuels, raw material production, and traditional trading have positioned HMS Bergbau as a fully integrated, internationally oriented commodity house along the entire value chain, beyond coal trading.
Looking ahead, HMS Bergbau expects robust growth in fiscal 2026, projecting 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 the mining company Hoshoza Resources Vryheid in South Africa. Adjusted for this special effect, the EBITDA is expected to increase from EUR 23.1 million in 2025 to EUR 35 million in 2026, indicating strong underlying operational improvements.
The company's strategy focuses on expanding its business activities and enhancing its position as a fully integrated commodity house. These efforts have laid important groundwork for growth, and the company is well-positioned to capitalize on opportunities in the global commodities market. 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 also announced that it has suspended its current bond issuance due to current market conditions in the mid-cap bond market, but remains in close contact with investors. The company invites investors and media representatives to a video conference on 6 July 2026 at 3:00 p.m. (CET), where CEO Dennis Schwindt and CFO Jens Moir will present the financial ratios for 2025 and the outlook for 2026, followed by a Q&A session. Registration for the event is available via the following link: https://www.appairtime.com/event/74c39ab9-56de-4f3d-87f4-721b86f8d201.
The results underscore HMS Bergbau's successful transformation and its ability to navigate volatile commodity markets. With a clear strategy and strong financial performance, the company is poised for continued growth, benefiting from its diversified operations and global network spanning Asia, Africa, Europe, and the Americas.
