Wrap Text
Anglo American Interim Results for the Six Months ended 30 June 2026 and Notice of Dividend
Anglo American plc
Registered office: 17 Charterhouse Street London EC1N 6RA United Kingdom
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GB00BTK05J60
JSE Share Code: AGL
NSX Share Code: ANM
("the Company")
30 July 2026
Anglo American Interim Results for the Six Months ended 30 June 2026 and Notice of Dividend
Strategic progress unlocking higher margin, higher quality business
• Further strategic progress:
- agreed sale of Steelmaking Coal for up to $3.875 billion in cash, including upfront cash consideration of $2.3
billion and potential additional payments linked to future coal prices
- sale of De Beers advancing
- integration planning well-advanced for merger with Teck
• Solid production and cost performance from continuing operations and favourable copper price, delivering:
- Underlying EBITDA* of $4.0 billion, a 35% increase
• Loss attributable to equity shareholders of $0.9 billion - including the impact of a reduction in the carrying value
of the Steelmaking Coal business to reflect the agreed sale terms
• Net debt* decreased to $8.2 billion (31 December 2025: $8.6 billion); Net debt to underlying EBITDA ratio of
1.0x
• $0.2 billion interim dividend, equal to $0.23 per share (30 June 2025: $0.07 per share), consistent with our 40%
payout policy
• Basic headline earnings per share of 0.14 compared to 0.23 in the prior comparative period
Duncan Wanblad, CEO of Anglo American, said: "We are unlocking the full potential of Anglo American – anchored
in copper, premium iron ore and crop nutrients – with a focus on delivering material value for our shareholders, while
we prepare to complete our merger with Teck to create a global metals and minerals champion.
"As ever, we remain resolute in our focus on safety – our number one value and our first priority. We saw further
improvement in key leading safety indicators, with injury frequency rates remaining at record low levels. While these
trends are encouraging, this is not an area where we can ever be complacent, and we are focused on everyone going
home safely every day.
"We made further progress with our portfolio optimisation during the first half, agreeing the sale of our Steelmaking
Coal business to Dhilmar for up to US$3.875 billion in cash, including an upfront cash consideration of $2.3 billion
and potential for additional payments linked to future coal prices. We continue to work through the European
Commission's anti-trust approval process for the sale of our Nickel business, while we are also advancing the sale
process for De Beers alongside streamlining opportunities to improve its cost performance and reduce capital
expenditure to minimise the impact from challenging diamond markets.
"I am delighted with the solid operational and cost performance for our continuing operations in the first half of
2026, with the see-through value of our simplified business now coming to the fore. For continuing operations,
underlying EBITDA increased by 35% to $4.0 billion, reflecting our unwavering focus on operational excellence, cost
control despite inflationary pressures and realisation of run-rate cost-out programme benefits delivered in 2025, in
addition to management actions to reduce losses at De Beers. In Copper – the backbone of our forward portfolio –
our performance coupled with favourable prices generated underlying EBITDA of $2.9 billion with a margin of 60%.
"This performance stands us in very good stead as we progress the merger to form Anglo Teck – a global metals and
minerals champion. We continue to progress towards completion within our original September 2026 to March 2027
window, with anti-trust approval from China the final outstanding regulatory milestone. Integration planning is well-
advanced, ensuring that we will be ready to begin to realise the material value and synergies we have identified from
Anglo Teck, once the transaction closes.
"We are very much on track to deliver our next phase of transformation. On the back of our robust operational and
financial performance in the first half of the year, we have every confidence that we are making the right choices in
terms of realising full value from our portfolio, both now and looking towards completion of our compelling
combination with Teck."
Six months ended 30 June 2026 30 June 2025 Change
US$ million, unless otherwise stated
Continuing operations
Revenue 9,926 8,954 11%
Underlying EBITDA* 4,002 2,955 35%
EBITDA margin* 38% 32%
Attributable free cash flow* 803 322 149%
Basic underlying earnings per share*($) 0.77 0.32 141%
Attributable ROCE* 15% 9% 6%
Total (including discontinued operations)
Loss attributable to equity shareholders of the Company (858) (1,879) (54%)
Basic underlying earnings per share* ($) 0.58 0.15 287%
Loss per share ($) (0.80) (1.58) (49%)
Interim dividend per share ($) 0.23 0.07 229%
Terms with this symbol * are defined as Alternative Performance Measures (APMs). For more information, refer to page 89.
Note: Continuing operations includes Anglo American's future portfolio (Copper, Premium Iron Ore, Manganese and Crop Nutrients) and
De Beers, per accounting requirements; discontinued operations includes the Steelmaking Coal, Nickel and PGMs businesses up to demerger on
31 May 2025.
ANGLO AMERICAN plc
(Incorporated in England and Wales – Registered number 03564138)
(the Company)
Notice of Dividend
(Dividend No. 49)
Notice is hereby given that an interim dividend on the Company's ordinary share capital in respect of the year to 31 December 2026 will be
paid as follows:
Amount (United States currency) (note 1) 23 cents per ordinary share
Amount (South Africa currency) (note 2) 384.54390 cents per ordinary share
Amount (Botswana currency) (note 3) 330.45940 thebes per ordinary share
Last day to effect transfer of shares between the United Kingdom (UK) and branch share Monday, 17 August 2026
registers
Last day to trade on the JSE Limited (JSE) to qualify for dividend Tuesday, 18 August 2026
Ex-dividend on the JSE from the commencement of trading (note 4) Wednesday, 19 August 2026
Ex-dividend on the Botswana Stock Exchange (BSE) from the commencement of trading Wednesday, 19 August 2026
Ex-dividend on the London Stock Exchange from the commencement of trading Thursday, 20 August 2026
Record date (applicable to both the principal register and branch registers) Friday, 21 August 2026
Movement of shares between the principal and branch registers permissible from Monday, 24 August 2026
Last day for receipt of Dividend Reinvestment Plan (DRIP) mandate forms by Central Securities Monday, 7 September 2026
Depository Participants (CSDPs) (notes 5, 6 and 7)
Last day for receipt of US$:£/€ currency elections by the UK Registrars (note 1) Monday, 7 September 2026
Last day for receipt of DRIP mandate forms by the UK Registrars (notes 5, 6 and 7) Monday, 7 September 2026
Last day for receipt of DRIP mandate forms by the South African Transfer Secretaries (notes 5, 6 Wednesday, 9 September 2026
and 7)
Currency conversion US$:£/€ rates announced on (note 8) Monday, 14 September 2026
Payment date of dividend Tuesday, 29 September 2026
Results of Dividend Reinvestment Plan released Wednesday, 14 October 2026
Notes
1. Shareholders on the UK register of members with an address in the UK will be paid dividends in a default currency determined by their registered address (for
example, £ for UK shareholders, € for Eurozone shareholders and US$ for other jurisdictions). Those shareholders may elect to receive their dividends in an
alternative currency (£, € or US$) provided such election is received by the UK Registrars by Monday, 7 September 2026. Shareholders registered on the South
African branch register will be paid in South African rand and those registered on the Botswana branch register will be paid in Botswana Pula.
2. Dividend Tax will be withheld from the amount of the gross dividend of 384.54390 Rand cents per ordinary share paid to South African shareholders at the
rate of 20% unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net dividend will be 307.63512 Rand cents per
ordinary share. Anglo American plc had a total of 1,178,050,272 ordinary shares in issue as at Wednesday 29 July 2026. In South Africa the dividend will be
distributed by Anglo American South Africa Proprietary Limited, a South African company with tax registration number 9030010608, or one of its South
African subsidiaries, in accordance with the Company's dividend access share arrangements. The dividend in South African rand is based on an exchange rate
of USD1:ZAR16.71930 taken on Wednesday 29 July 2026, being the currency conversion date.
3. The dividend in Botswana Pula is based on an exchange rate of USD1:BWP14.36780 taken on Wednesday 29 July 2026, being the currency conversion date.
4. Dematerialisation and rematerialisation of registered share certificates in South Africa will not be effected by CSDPs during the period from the JSE
ex-dividend date to the record date (both days inclusive).
5. Those shareholders who already participate in the DRIP need not complete a DRIP mandate form for each dividend as such forms provide an ongoing
authority to participate in the DRIP until cancelled in writing. Shareholders who wish to participate in the DRIP should obtain a mandate form from the UK
Registrars, the South African Transfer Secretaries or, in the case of those who hold their shares through the STRATE system, their CSDP.
6. In terms of the DRIP, and subject to the purchase of shares in the open market, share certificates/CREST notifications are expected to be mailed and CSDP
investor accounts credited/updated on or around Tuesday, 13 October 2026. CREST accounts will be credited on Friday, 2 October 2026.
7. Copies of the terms and conditions of the DRIP provided by Equiniti Financial Services Limited are available from the UK Registrars at
www.shareview.co.uk/info/drip or the South African Transfer Secretaries for the South African Branch Register DRIP.
8. The US$:£/€ conversion rates will be determined by the actual rates achieved by Anglo American buying forward contracts for those currencies, during the
three days preceding the announcement of the conversion rates, for delivery on the dividend payment date.
Registered office UK Registrars South African Transfer Secretaries Transfer Secretaries in Botswana
17 Charterhouse Street EQ (formerly Equiniti) Computershare Investor Services (Pty) Limited Central Securities in Depository Botswana (PTY)
London Rosebank Towers, 15 Biermann Avenue LTD
EC1N 6RA Equiniti Highdown House, Rosebank, 2196, South Africa Plot 70667, Fairscape, Precinct,
United Kingdom Yeoman Way, Private Bag X9000 Fargrounds, Gaborone, Botswana
Worthing Saxonwold, 2132 Private Bag 00417, Gaborone
BN99 6DA South Africa Botswana
United Kingdom
©Anglo American plc 2026. All rights reserved.
Basis of preparation
These Condensed consolidated interim financial statements ('Condensed financial statements') for the six months
ended 30 June 2026 have been prepared in accordance with the UK-adopted International Accounting Standard IAS
34 Interim Financial Reporting and the Disclosure Guidance and Transparency Rules sourcebook of the United
Kingdom's Financial Conduct Authority ('DTR').
The Condensed financial statements represent a 'condensed set of financial statements' as referred to in the DTR.
Accordingly, they do not include all of the information required for a full annual financial report and are to be read
in conjunction with the annual financial statements for the year ended 31 December 2025 which have been prepared
in accordance with UK-adopted international accounting standards in conformity with the requirements of the
Companies Act 2006, IFRS Interpretations Committee (IFRS IC) interpretations and those parts of the Companies Act
2006 applicable to companies reporting under International Financial Reporting Standards (IFRS).
The Condensed financial statements are unaudited and do not constitute statutory accounts as defined in section
434 of the Companies Act 2006. The financial information for the year to 31 December 2025 included in this report
was derived from the statutory accounts for the year ended 31 December 2025, a copy of which has been delivered
to the Registrar of Companies. The auditors' report on those accounts was unqualified, did not include a reference
to any matters to which the auditor drew attention by way of an emphasis of matter and did not contain a statement
under section 498 of the Companies Act 2006.
Results announcement
This results announcement is the responsibility of the directors of Anglo American plc and is a summary of the
information in the Condensed financial statements available on
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/ANAAL/HY2026.pdf and on the group's website
https://www.angloamerican.com/investors/results-centre-and-presentations
This announcement does not contain full details and any investment decision in relation to the Company's shares
should be based on the Condensed financial statements.
The Condensed financial statements are available on the Company's website
https://www.angloamerican.com/investors/results-centre-and-presentations and the office of the Sponsor during
standard office hours.
The financial data disclosed above relates to Anglo American and/or its shares.
The Company has a primary listing on the Main Market of the London Stock Exchange and secondary listings on the
Johannesburg Stock Exchange, the Botswana Stock Exchange, and the Namibia Stock Exchange.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Cnr Fredman Drive and Rivonia Road, Sandton, 2196
30 July 2026
Date: 30-07-2026 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
