HMS Bergbau AG, a leading independent commodities trading and marketing company based in Germany, published its audited financial figures for fiscal year 2025 on June 30, 2026, confirming a significant earnings jump. The company reported EBITDA of EUR 60.1 million, tripling from EUR 20.1 million in the previous year, while net income soared more than fourfold to EUR 54.8 million from EUR 13.2 million. These results include positive one-time valuation effects of approximately EUR 37 million from the transition to IFRS, particularly from the initial consolidation of Maatla Resources (Pty.) Ltd., a coal mine in Botswana.
Group sales decreased to EUR 1.22 billion from EUR 1.36 billion, attributed to lower commodity prices. However, the company expects a strong rebound in 2026, forecasting group sales of EUR 2 billion and an EBITDA of EUR 55 million. This outlook includes a one-time valuation effect of around EUR 20 million from consolidating Hoshoza Resources Vryheid in South Africa. Excluding that special effect, adjusted EBITDA is projected to rise from EUR 23.1 million in 2025 to EUR 35 million in 2026.
HMS Bergbau AG made key strategic decisions in 2025 by expanding into liquid fuels, raw material production, and traditional trading, positioning itself as a fully integrated, internationally oriented commodity house along the entire value chain beyond coal. The company believes these moves lay important groundwork for further growth.
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. Additionally, HMS invites investors and media to a video conference on July 6, 2026, at 3:00 p.m. CET. Registration is required via this link.
Due to current market conditions in the mid-cap bond market, HMS has suspended its bond issuance but remains in close contact with investors.
