Anglo American's full-year revenue rose 5% to $18.5bn, with underlying cash profit (EBITDA) up 2% to $6.4bn ($6.5bn expected). Performance was driven by higher copper and iron ore prices and cost controls, which offset lower volumes.
Not included in underlying profit figures was a $2.3bn non-cash write-down of the De Beers diamond business.
Free cash flow swung to an inflow of $0.8bn from an outflow of $0.2bn, supported by lower capital expenditure. Net debt fell by $2.1bn to $8.6bn.
The year saw the demerger of Valterra Platinum and sale of the residual stake. The nickel and steelmaking coal sales are both progressing, and a separation of De Beers is underway.
A final dividend of $0.16 was announced, bringing the full-year total to $0.23, down 64% year on year.
The shares fell 2.3% in early trading.
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Anglo American key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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