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Glencore (GLEN LN) H1 (USD): Revenue 174.43bln (prev. 117.40bln Y/Y), Adj. EBITDA 10.12bln (exp. 9.81bln, prev. 5.43bln Y/Y), Adj. EBIT 6.65bln (prev. 1.80bln Y/Y)

StockNow breaking-news AI analysis

Glencore beat H1 EBITDA expectations, reporting $10.12bn alongside a plan for an ASX secondary listing and $1.5bn in additional shareholder returns including buybacks and special dividends.

News detail

Intends to apply for a secondary listing on the ASX. The listing is expected to strengthen the portfolio in one of the most important operating jurisdictions. Announces additional shareholder returns of c. USD 1.5bln, comprising a USD 8.5/shr special cash distribution and USD 500mln buyback.

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