HMS Bergbau AG (ISIN: DE0006061104, WKN: 606110, “HMS”), a leading independent commodities trading and marketing company based in Germany, has released its audited financial figures for the fiscal year 2025. The final results largely confirm the preliminary figures announced on 14 April 2026. These are the first financial statements prepared in accordance with International Financial Reporting Standards (IFRS), which limits comparability with the previous year.
EBITDA reached EUR 60.1 million, up from EUR 20.1 million in the prior year, exceeding the preliminary figure of EUR 59.4 million. This increase includes positive one-time valuation effects of approximately EUR 37 million from the transition to IFRS, primarily from the initial consolidation of Maatla Resources (Pty.) Ltd., an operational coal mine in Botswana. Net income for the year rose more than fourfold to EUR 54.8 million, compared to EUR 13.2 million in 2024.
Group sales declined to EUR 1.22 billion from EUR 1.36 billion, attributed 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 forecast includes a one-time valuation effect of approximately EUR 20 million from the initial consolidation of the mining company Hoshoza Resources Vryheid in South Africa. Excluding this special effect, EBITDA is expected to increase from EUR 23.1 million in 2025 to EUR 35 million in 2026.
HMS considers itself well-positioned for further growth. In 2025, the company made significant strategic decisions by expanding its business activities in liquid fuels, raw material production, and traditional trading. These efforts have laid important groundwork and positioned HMS as a fully integrated, internationally oriented commodity house along the entire value chain, moving beyond coal trading.
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.
HMS Bergbau AG invites investors and media representatives 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 ratios for 2025 and the outlook for 2026, as well as report on current developments. The Management Board will be available for a Q&A session. To participate, register via the following link: 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, the company has suspended its current bond issuance. However, HMS remains in close contact with investors.
