Earnings Poll: Poland's KGHM Q2 net profit expected to fall 51% y/y

KGHM Polska Miedz SA

18/08/2025 10:09

Results due Aug 19 after market close

Q2 net profit seen at 315 million zlotys

Aug 18 (Reuters) - Poland's KGHM KGH.WA is expected to report a 51% fall in second-quarter net profit, mainly due to zloty appreciation offsetting higher metal prices and creating currency losses on its dollar debt, a Reuters poll showed on Monday.

The survey showed analysts from five banks and brokerages on average expecting state-run KGHM, one of the world's biggest copper and silver producers, to post a quarterly profit of 315 million zlotys ($86.5 million).

The following table summarises analysts' forecasts for KGHM for the second quarter of 2025:

(Figures in millions of zlotys unless stated otherwise)

Net profit
Sales Revenue
Adjusted EBITDA
Average
315
8658
2241
Median
376
8617
2259
Lowest
-124
8588
2151
Highest
683
8749
2319
No. of forecasts
5
5
5
Q2 2024
649
9165
2657
Q1 2025
330
8942
2489

Forecasts provided by BOŚ DM, Erste Group, Ipopema Securities Santander BM, Trigon.

($1 = 3.6410 zlotys)

 (Reporting by Rafal Nowak;
Editing by Mark Potter)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))