HMS Bergbau AG (ISIN: DE0006061104, WKN: 606110, “HMS”), a leading independent commodities trading and marketing company based in Germany, has published its audited financial figures for the fiscal year 2025. The final figures largely confirm the preliminary results released on 14 April 2026. Prepared for the first time under the International Financial Reporting Standards (IFRS), the 2025 figures have limited comparability with the prior year.
The company’s EBITDA tripled to EUR 60.1 million (previous year: EUR 20.1 million), exceeding the preliminary figure of EUR 59.4 million. Positive one-time valuation effects of approximately EUR 37 million resulted from the transition to IFRS, particularly from the initial consolidation of Maatla Resources (Pty.) Ltd., a coal mine in operation in Botswana. Net income surged to EUR 54.8 million, compared to EUR 13.2 million in the previous year.
Group sales decreased from EUR 1.36 billion to EUR 1.22 billion due to lower commodity prices. However, HMS expects a strong rebound in the current fiscal year, projecting group sales of EUR 2 billion and EBITDA of EUR 55 million. This forecast includes a one-time valuation effect of approximately EUR 20 million from the initial consolidation of Hoshoza Resources Vryheid in South Africa. Adjusted for this special effect, EBITDA is expected to increase from EUR 23.1 million in 2025 to EUR 35 million in 2026.
HMS sees itself well-positioned for further growth. In 2025, the company made significant strategic decisions by expanding into liquid fuels, raw material production, and traditional trading. These efforts have laid important groundwork for its growth and positioned the company as a fully integrated, internationally oriented commodity house along the entire value chain, beyond coal trading. The full annual report for 2025 is available 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 on 6 July 2026 at 3:00 p.m. (CET), held in German. CEO Dennis Schwindt and CFO Jens Moir will present the financial ratios for 2025 and outlook for 2026, as well as report on current developments. Registration is available via the following link: https://www.appairtime.com/event/74c39ab9-56de-4f3d-87f4-721b86f8d201.
HMS also announces 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.
