KGHM Polska Miedz S.A.

KGHM Polska Miedz S.A.

294.25
PLN
-2.45
(-0.83%)
43.44EPS
7.63P/E
66.25BMarket Cap
Nov 18Next Earn
KGHM Polska Miedz S.A.
GPW:KGH
(Warsaw Stock Exchange)

Recent

price

294.25

P/E

ratio

7.63

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
79.73
100.49
103.69
120.55
102.46
100.04
95.78
101.79
102.63
113.62
118.16
149.01
169.24
167.34
176.6
181.83
217.61
Revenue per Share
22.84
56.97
24.34
15.18
12.25
-25.06
-21.85
7.84
8.29
7.11
9
30.78
23.86
-18.49
14.34
18.43
43.44
Basic EPS, GAAP
20.95
43.71
23.38
24.31
7.08
1.12
4.81
1.57
4.63
7.62
10.84
1.69
-8.34
5.4
-6.2
-7.69
-4.43
Free Cash Flow per Basic Share
3
14.9
28.34
9.8
5
4
1.5
1
- -
- -
- -
1.5
3
1
1.5
- -
- -
Dividend per Share
72.28
114.26
109.62
114.21
126.51
101.06
78.86
88.47
95.67
100.55
104.96
135.23
160.45
142.82
154.95
164.14
198.71
Book Value per Share
71.85
113.51
109.11
110.98
125.42
99.85
77.82
87.43
94.55
99.78
104.26
133.98
159.35
141.26
153.89
163.24
197.36
Tangible Book Value per Share
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
Basic Weighted Avg Shares
15,945
20,097
20,737
24,110
20,492
20,008
19,156
20,358
20,526
22,723
23,632
29,803
33,847
33,467
35,320
36,366
43,521
Sales/Revenue/Turnover
35.36
46.77
33.94
19.42
16.84
2.5
14.1
19.32
12.04
10.59
13.46
16.15
13.17
-4.33
10.51
11.21
18.49
Operating Margin (%)
615
672
772
1,580
1,635
1,943
1,698
1,609
1,796
1,920
1,963
2,123
2,239
2,311
2,006
2,366
2,385
Depreciation Expense
4,569
11,394
4,868
3,035
2,450
-5,012
-4,371
1,568
1,657
1,421
1,800
6,156
4,772
-3,698
2,868
3,687
8,687
Net Income, GAAP
18.5
17
24.14
28.38
20.88
- -
- -
33.67
32.77
33.03
34.8
21.33
26.43
- -
37.72
31.82
27.62
Effective Tax Rate (%)
28.65
56.7
23.47
12.59
11.96
-25.05
-22.82
7.7
8.07
6.25
7.62
20.66
14.1
-11.05
8.12
10.14
19.96
Profit Margin (%)
4,712
13,689
1,968
3,290
1,253
119
374
2,148
1,997
1,704
826
1,825
3,880
1,785
601
1,156
4,762
Working Capital
8
194
- -
1,714
2,997
4,870
6,539
6,191
6,878
7,525
6,928
5,409
5,220
4,761
4,910
5,034
4,528
LT Debt
14,456
23,135
21,923
23,064
25,530
20,414
15,911
17,785
19,225
20,202
21,081
27,138
32,146
28,630
31,058
32,898
39,814
Total Equity
35.56
57.04
20.04
12.44
10.08
- -
- -
8.33
7.92
6.33
7.32
17.94
10.81
- -
6.63
8.31
15.09
Return on Invested Capital (%)
36.61
60.3
21.05
12.71
9.04
- -
- -
6.87
6.78
5.72
6.72
20.33
13.41
- -
8.45
10.06
21.03
Return on Capital (%)
36.85
61.08
21.74
13.56
10.18
-22.02
-24.29
9.37
9
7.24
8.76
25.63
16.14
-12.19
9.63
11.55
24.2
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
815
1,434
1,370
LT Borrowings
4,413
4,842
4,528
LT Finance Leases
621
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
56,160
53,580
66,250

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,225
16,759
17,609
Cash, Cash Equivalents & STI
480
781
1,467
Accounts Receivable, Net
1,885
2,047
1,916
Inventories
9,608
12,489
12,214
Total Current Liabilities
12,069
13,196
12,847
Payables & Accruals
- -
- -
- -
ST Debt
815
1,434
1,370
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.79%
10.13%
5.92%
Free Cash Flow
-47.05%
-206.73%
23.93%
Net Income, GAAP
-23.75%
-21.39%
28.56%
Sales/Revenue/Turnover
6.46%
9.41%
2.96%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,315
9,165
8,659
9,181
35,320
2025
8,942
8,614
8,315
10,495
36,366
2026
11,872
12,839
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.12
3.25
1.2
7.78
14.34
2025
1.65
1.25
2.17
13.38
18.43
2026
17.65
10.25
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
KGHM Polska Miedz SA (KGH.WA), founded in 1961 and headquartered in Lubin, Poland, ranks among the world's largest producers of copper and refined silver, alongside other non-ferrous metals including gold, nickel, molybdenum, rhenium, selenium and lead; it engages in copper ore exploration, mining, enrichment, smelting, refining and processing across underground mines such as Lubin, Rudna and Polkowice-Sieroszowice in Poland, plus international operations including the Sierra Gorda mine in Chile (55% stake), Robinson mine in the USA, Carlota mine in the USA and development projects like Victoria in Canada. Core products encompass electrolytic copper cathodes, continuous cast copper rod, round billets, refined silver ingots and granules, copper concentrate, sulfuric acid, copper sulfate, nickel sulfate and precious metals; these serve industries such as construction, electrical equipment, electronics, transportation, jewelry and photography, with primary markets spanning Europe (notably Germany, France, Czech Republic, UK and Belgium), North America, South America, Asia (including China) and Africa. The company operates through segments KGHM Polska Miedz SA, KGHM International Ltd, Sierra Gorda SCM and others, maintaining metallurgical facilities including Glogow I and II Copper Smelters/Refineries, Legnica Copper Smelter/Refinery, Rudna and Glogow concentrators and Cedynia copper processing plant. Recent developments include commencement in June 2025 of geological-hydrogeological reconnaissance for new mine shafts Retkow, Gaworzyce and GG-2 Odra under the multi-billion Deposit Access Program to secure long-term production capacity, alongside ongoing outfitting of GG-1 shaft; capital expenditures reached PLN 2.5 billion in the first nine months of 2025 focused on mining infrastructure, machinery replacement, dewatering and Zelazny Most Tailings Storage Facility expansion, with total 2025 investments planned at over PLN 3.8 billion including metallurgy modernizations at Glogow and Legnica smelters. In early 2025, KGHM divested the McCreedy West mine and a portfolio of copper mines in Canada's Sudbury basin via KGHM International, while advancing renewable energy initiatives through acquisitions expanding solar farm capacity to 47 MW across eight sites and shifting Sierra Gorda to full renewable power; the company issued PLN 1 billion in bonds with Series C debuting on Warsaw Stock Exchange's Catalyst market, issued a Cost Optimization Plan targeting material consumption and external services, and reported Q3 2025 adjusted EBITDA of PLN 7.2 billion on stable revenues amid copper production of 526 thousand tonnes.

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