Sumitomo Metal Mining (5713) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, rose 9.9% year-over-year to ¥1,192.8 billion, driven by higher copper and gold prices and yen depreciation.

• Pre-tax profit fell 44.9% year-over-year to ¥48.1 billion, mainly due to impairment losses at overseas nickel subsidiaries.

• Net income attributable to owners dropped 49.2% year-over-year to ¥29.6 billion.

Financial highlights

• Operating cash flow decreased to ¥67.1 billion from ¥204.9 billion year-over-year, reflecting lower pre-tax profit and increased inventories.

• Investment cash outflows shrank to ¥88.6 billion from ¥215.7 billion, as capital expenditures rose but long-term lending and securities outflows declined.

• Cash and equivalents at period-end increased to ¥185.8 billion from ¥151.0 billion.

• Basic EPS for the period was ¥107.77, down from ¥212.28 year-over-year.

Outlook and guidance

• Full-year revenue forecast revised to ¥1,573.0 billion, up 8.8% year-over-year.

• Pre-tax profit forecast cut to ¥58.0 billion (down 39.5% year-over-year) and net income to ¥25.0 billion (down 58.9%).

• Guidance reflects lower nickel prices, impairment losses, and updated production/sales plans.