A worker checks copper concentrate in Punta Chungo port that is used to export copper from Antofagasta Minerals’ key Los Pelambres Mine, located 220 km (197 miles) north of Santiago July 7, 2010. REUTERS
LONDON, Feb 17 (Reuters) – Chilean copper miner Antofagasta posted a 52% jump in annual core profit on Tuesday, aided by higher prices for the metal despite a modest production drop.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for 2025 rose to a record $5.2 billion from $3.43 billion a year earlier, in line with analysts’ expectations.
The copper miner’s proposed final dividend for 2025 was 48 cents a share, meaning full-year distributions work out at a 50% payout of underlying earnings per share.
Antofagasta made a record shareholder payout of 142.5 cents a share in 2021, for a total $1.4 billion. Its policy is to return at least 35% of net earnings to shareholders.
Reporting by Clara Denina and Tom Daly; Editing by Joe Bavier
