China Nonferrous Mining Corporation (1258) H1 2026 earnings summary

Executive summary

• Revenue rose 29.1% year-over-year to US$2,261.1 million, driven by higher global copper and sulphuric acid prices.

• Net profit increased 67.7% to US$622.8 million; profit attributable to owners was US$433.6 million, up 64.7%.

• Interim dividend of US¢1.1113 per share declared for the period.

Financial highlights

• Gross profit surged 68.1% to US$958.7 million; gross margin improved from 32.6% to 42.4%.

• Basic EPS rose 64.6% to US¢11.11.

• Operating cash flow increased to US$1,042.8 million from US$525.9 million year-over-year.

• Total assets grew to US$5,754.1 million from US$4,803.3 million at year-end 2025.

• Capital expenditure reached US$122.8 million, up from US$108.4 million.

Outlook and guidance

• Copper prices expected to remain high but volatile due to supply constraints and resilient demand from new energy sectors.

• Company to focus on stabilizing production, cost control, and advancing overseas acquisitions.

• Anticipates continued challenges from geopolitical risks, supply chain disruptions, and commodity price volatility.