Anglo American stock reports USD 4.0 billion H1 EBITDA growth

Published on 10/04/2026 at 20:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Anglo American stock was last at GBp 4,097 on October 2, 2026, after H1 underlying EBITDA reached USD 4.0 billion. Seven analysts hold a Hold consensus.

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Anglo American stock (ISIN GB00BTK05J60) was last at GBp 4,097 on the London Stock Exchange on October 2, 2026 at 4:36 p.m. London time, with a daily gain of 2.97 percent. The miner's latest reported figures show USD 4.0 billion in underlying EBITDA and USD 9.9 billion in revenue for H1 2026, putting operating performance at the center of the investment case.

H1 EBITDA reaches USD 4.0 billion

According to Frontier, Anglo American reported USD 4.0 billion of EBITDA for the six months ended June 30, 2026, while revenue reached USD 9.9 billion. Underlying EBITDA rose from USD 3.0 billion in H1 2025, a USD 1.0 billion increase between comparable periods.

The same H1 2026 data show a USD 0.9 billion loss attributable to shareholders and net debt of USD 8.2 billion at June 30, 2026. The contrast matters: stronger operating earnings are being offset by restructuring effects and the balance-sheet demands of Anglo American's portfolio changes.

Copper growth meets merger risk

MarketScreener reported on September 10, 2026 that Fitch had revised Anglo American's outlook to Stable from Negative while affirming its BBB+ rating. Fitch's case assumes combined 2026 pro forma EBITDA of USD 11.5 billion, with 75 percent from copper, but the Teck merger still requires China's antitrust approval.

The October 2 market move added a near-term catalyst to that longer-term story. Yahoo Finance reported that Anglo American faced a possible Chinese copper supply condition for the USD 54.0 billion transaction. For investors, the key tension is clear: copper scale can improve the portfolio, while regulatory execution and disposal timing remain material variables.

Consensus stays below the share price

MarketBeat reported on September 10, 2026 that seven analysts held a consensus rating of Hold, with an average 12-month target of GBp 3,921.43. At GBp 4,097, the share price lies 4.3 percent above that average target, while the published range extends from GBp 3,000.00 to GBp 5,000.00.

Anglo American stock stays near yearly high

Anglo American stock was last at GBp 4,097 on October 2, 2026, against a 52-week range of GBp 2,639 to GBp 4,348 and volume of 2,014,190 shares. The price is 5.8 percent below the yearly high, leaving merger approval, copper output and the next production update as the main checkpoints.