EarningsQ2 2025 Earnings Report

CMOC Group (D7N) Q2 2025 Earnings Report

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Previous Report: Q1 2025

Next Report: Q3 2025

DE:D7N Q2 2025 EPS Results

Actual EPS€0.03

Consensus EPS€0.03

Beat/MissBeat by +<€0.01

One Year Ago EPS€0.02

DE:D7N Q2 2025 Revenue Results

Actual Revenue€6.00B

Expected Revenue€8.51B

Beat/MissMissed by -€2.50B

YoY Revenue Growth-14.03%

Earnings Announcement Details

QuarterQ2 2025

Date08/22/2025

TimeBefore Open

Conference CallFriday, August 22, 2025

DE:D7N Upcoming Earnings

CMOC Group's next earnings date is estimated for March 19, 2027, based on past reporting schedules.

Q2 2025 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2025 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Aug 22, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call highlighted strong financial performance with record profits and robust cash flow. The company demonstrated strategic advancements with acquisitions and improvements in operational efficiency, and maintained strong ESG practices. However, there were challenges in the trading business and cobalt sales due to external factors. Overall, the positive aspects outweigh the lowlights, indicating a strong performance outlook.

Company Guidance

During the first half of 2025, CMOC Group Limited focused on organizational upgrades, cost reduction, and efficiency improvements, resulting in a strong financial performance despite a slight year-over-year (YoY) decline in operating revenue to CNY94.8 billion. The mining segment's operating income increased by 25.64%, while the trading business saw a YoY decline due to a restructuring of low-profitability product lines. EBITDA rose by 23.8% to CNY19.8 billion, and net attributable profit reached CNY8.7 billion, marking a 60% YoY increase. Operating cash flow was robust at CNY12 billion, with a gearing ratio reduction to 50.15% and a return on net assets improvement to 11.7%. The copper and cobalt segment contributed 84% of the gross profit in the mining segment, with copper production increasing by 12.7% to 354,000 metric tons and cobalt production rising by 13.1% to 61,000 metric tons. The company's molybdenum, tungsten, and phosphorus operations showed improvements in production, sales, and gross profit margins. CMOC Group also completed the acquisition of the Ecuadorian gold mine for CAD581 million and maintained its commitment to ESG excellence, with a continued AA MSCI rating and initiatives such as community development projects in the Democratic Republic of Congo. The company aims to achieve carbon neutrality by 2050, with plans for significant investments in energy efficiency and clean energy projects.

Record Net Attributable Profit

Net attributable profit hit a record high of CNY8.7 billion in the first half of 2025, representing a 60% year-over-year increase.

Strong EBITDA Growth

EBITDA increased to CNY19.8 billion, marking a 23.8% year-over-year growth, driven by higher commodity prices and improved sales volumes.

Significant Improvement in Gross Profit Margin

The gross profit margin of the mining segment reached 52%, a year-over-year improvement of nearly 6 percentage points.

Successful Acquisition and New Project in Ecuador

The company completed the acquisition of the Ecuadorian gold mine, marking its first gold-focused mine, with production targeted for 2029.

Robust Cash Flow and Reduced Gearing Ratio

Operating cash flow was CNY12 billion, a year-over-year increase of 11.4%, while the gearing ratio decreased to 50.15%.

Improved ESG Performance and Recognition

CMOC maintained an AA MSCI ESG rating and was listed on the Fortune China 2025 ESG Impact List.

Molybdenum and Tungsten Business Growth

The gross margin for molybdenum products increased by 4.5 percentage points to 38.3%, and tungsten sales saw a 7% year-over-year improvement.

DE:D7N Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Mar 19, 2027	2026 (Q4)	0.06 / -	0.038	―
Oct 23, 2026	2026 (Q3)	0.05 / 0.05	0.035	42.31% (+0.01)
Aug 19, 2026	2026 (Q2)	0.05 / 0.05	0.03	77.38% (+0.02)
Apr 24, 2026	2026 (Q1)	- / 0.05	0.024	100.00% (+0.02)
Mar 27, 2026	2025 (Q4)	0.04 / 0.04	0.032	16.67% (<+0.01)
Oct 24, 2025	2025 (Q3)	0.03 / 0.03	0.019	85.71% (+0.02)
Aug 22, 2025	2025 (Q2)	0.03 / 0.03	0.02	47.33% (<+0.01)
Apr 25, 2025	2025 (Q1)	0.02 / 0.02	0.013	80.00% (+0.01)
Mar 21, 2025	2024 (Q4)	0.02 / 0.03	0.036	-10.78% (>-0.01)
Oct 28, 2024	2024 (Q3)	0.02 / 0.02	0.011	72.84% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed