HMS Bergbau Reports Tripled EBITDA to €59.4 Million in 2025 Preliminary Figures Amid IFRS Transition

HMS Bergbau AG has released preliminary and unaudited figures for the 2025 financial year, prepared for the first time in accordance with International Financial Reporting Standards (IFRS), replacing German GAAP (HGB). This accounting change means the 2025 figures are only comparable to a limited extent with prior year results, but it improves comparability with listed international competitors and increases transparency for international investors. According to the preliminary figures, HMS generated sales of €1.22 billion in 2025, compared to €1.36 billion in the previous year, with the decline mainly attributed to significantly lower commodity prices.

Despite the sales decrease, EBITDA increased substantially from €20.1 million to €59.4 million, with approximately €37 million attributable to one-off valuation effects from the transition to IFRS, particularly from the initial consolidation of Maatla Resources (Pty.) Ltd. Net income for the financial year amounted to €54.8 million, up from €13.2 million in the prior year. Equity stood at €136.5 million as of December 31, 2025, compared to €51.1 million previously, with the equity ratio rising to around 38.2 percent from 23.2 percent. The complete annual financial statements and annual report for 2025, including the outlook for 2026, will be available for download from June 30, 2026, on the company's website https://www.hms-ag.com in the Investor Relations section.

The 2025 results reflect important strategic steps for long-term growth, as HMS positions itself beyond coal trading into a fully integrated, internationally established commodities trading, mining, and marketing company along the entire value chain. In mining, HMS acquired a majority stake in Hoshoza Resources Vryheid in South Africa and successfully completed the acquisition of the majority stake in Maatla in Botswana. After Maatla contributed positively to earnings in 2025, HMS expects positive earnings effects from Hoshoza for 2026. Additionally, business activities in liquid fuels and lubricants were significantly expanded. CEO Dennis Schwindt stated that 2025 was a very good financial year, allowing HMS to maintain a profitable market position despite lower commodity prices, with expanded commodity activities making the company more resilient to crises and enabling single-source services for customers.

The Management Board is currently reviewing various options to further strengthen the company's capital base, including potential capital measures, though no decision has been made yet. HMS invites investors and media representatives to a webcast on April 15, 2026, at 09:30 a.m., where CEO Dennis Schwindt and CFO Jens Moir will explain the 2025 figures and the outlook for 2026, followed by a Q&A session. To participate, registration is required via the link https://www.appairtime.com/event/a91ab325-6284-46e8-a156-159f3e0c1a88. This announcement underscores HMS's strategic transformation into a diversified commodities company, with the IFRS transition and mining acquisitions driving significant financial improvements and enhanced market visibility.