HMS Bergbau AG (ISIN: DE0006061104, WKN: 606110), a leading independent commodities trading and marketing company based in Germany, today published its audited financial figures for fiscal year 2025. The final figures largely confirm the preliminary results released on 14 April 2026. This is the first time the company has prepared its financial statements in accordance with the International Financial Reporting Standards (IFRS), which limits direct comparability with prior-year figures.
EBITDA reached EUR 60.1 million, up from EUR 20.1 million in the previous year and slightly exceeding the preliminary figure of EUR 59.4 million. The transition to IFRS contributed positive one-time valuation effects of approximately EUR 37 million, primarily from the initial consolidation of Maatla Resources (Pty.) Ltd., a coal mine in Botswana. Net income for the year surged to EUR 54.8 million, compared to EUR 13.2 million in the prior year. Group sales declined to EUR 1.22 billion from EUR 1.36 billion, mainly due to lower commodity prices.
For the current fiscal year 2026, HMS expects group sales of EUR 2 billion and an EBITDA of EUR 55 million. This outlook includes a one-time valuation effect of approximately EUR 20 million from the initial consolidation of Hoshoza Resources Vryheid in South Africa. Excluding this special effect, EBITDA is anticipated to increase to EUR 35 million from EUR 23.1 million in 2025.
HMS Bergbau AG considers itself well-positioned for sustained growth. In 2025, the company made significant strategic decisions by expanding its activities in liquid fuels, raw material production, and traditional trading. These initiatives have laid the groundwork for further growth and have positioned the company as a fully integrated, internationally oriented commodity house along the entire value chain, extending beyond coal trading.
Investors and media representatives are invited to a video conference with the Management Board on 6 July 2026 at 3:00 p.m. (CET), to be held in German. CEO Dennis Schwindt and CFO Jens Moir will present the financial results for 2025 and the outlook for 2026, as well as discuss current developments. A Q&A session will follow. Registration is available at https://www.appairtime.com/event/74c39ab9-56de-4f3d-87f4-721b86f8d201.
HMS also announced that due to current market conditions in the mid-cap bond market, it has suspended its bond issuance. However, the company remains in close contact with investors. 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.
