Glencore

GLEN · LSE · GBp

561.40 GBp+2.95%+16.10 GBp

Close · October 2, 2026

At a glance

Revenue growth: +7.18%; 2025 vs 2024
Net margin: 0.1%; 2024: -0.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total revenue	174,430	130,139	117,396	113,853	117,091	110,414	107,415	121,549	134,435	109,946
Cost of revenue	168,007	126,192	115,219	110,267	114,395	106,145	100,906	109,755	118,712	102,233
Gross profit	6,423	3,947	2,177	3,586	2,696	4,269	6,509	11,794	15,723	7,713
Selling, general and administrative	1,534	1,167	1,211	1,032	991	1,075	1,030	1,070	1,360	1,081
Operating income	4,886	2,540	941	1,629	1,703	1,914	5,476	10,518	14,313	6,217
EBIT	4,886	2,540	941	1,629	1,703	1,914	5,476	10,518	14,313	6,217
EBITDA	7,398	5,806	4,238	5,062	4,786	5,761	8,249	14,607	17,619	9,339
Interest expense	1,681	1,677	1,569	1,509	1,412	1,355	1,160	1,035	736	696
Pre-tax income	4,887	1,451	-1,130	-628	-370	-582	5,999	6,867	16,012	5,361
Income tax	277	479	-278	1,164	532	476	1,731	2,451	3,917	1,957
Net income	4,405	1,018	-655	-1,401	-233	-288	4,568	5,235	12,085	3,697
Net income to common shareholders	4,405	1,018	-655	-1,401	-233	-288	4,568	5,235	12,085	3,697
Basic EPS	0.37	0.09	-0.05	-0.12	-0.02	-0.02	0.36	0.40	0.92	0.28
Diluted EPS	0.37	0.08	-0.05	-0.12	-0.02	-0.02	0.36	0.40	0.92	0.27
Average shares (basic)	11,887	11,805	12,055	12,150	12,154	12,288	12,564	12,959	13,126	13,177
Average shares (diluted)	11,975	12,002	12,120	12,390	12,154	12,456	12,620	13,080	13,202	13,340