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Anglo American
On this page
Company details
- Legal name
- Anglo American plc
- Listing
- ANGLO on the Botswana Stock Exchange, active (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, final status not established · source
Read with these figures
- Annual report not confirmed as final. The published copy is unsigned. The FY2025 figures come from it.
Full wording and sources
Annual report for 2025: final status not established
The independent auditors' report to the members of Anglo American plc (opinion PDF p264) closes with the typeset 'Sonia Copeland (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 19 February 2026' and no visible signature (PDF p271, page image). The consolidated balance sheet states the financial statements were approved by the Board of directors on 19 February 2026 and signed on its behalf by Duncan Wanblad (Chief Executive Officer) and John Heasley (Chief Financial Officer), whose names are typeset with no visible signature (PDF p274, page image).
Source: Anglo American plc Integrated Annual Report 2025 (dated 2026-02-19)
-
Revenue
USD 18.5 billion
18,546 USD millions · p272
+4.5% vs 2024
-
Operating profit / (loss)
USD 1.35 billion
1,352 USD millions · p272
Moved from loss to profit (FY2024: (975) USD millions)
-
Profit / (loss) for the year
−USD 3.17 billion
(3,170) USD millions · p272
Change not shown.
-
Total assets
USD 56.0 billion
55,994 USD millions · p274
−13.7% vs 2024
-
Total equity
USD 24.1 billion
24,117 USD millions · p274
−15.5% vs 2024
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Cash from operations
USD 5.51 billion
5,511 USD millions · p275
−32.0% vs 2024
Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Not shown: the prior-year figure is zero or negative.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD millions unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — annual report, final status not established; reported for the year · source
- FY2024 — annual report, final status not established; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Revenue | 18,546 | 17,745 |
| Operating costs | (17,194) | (18,720) |
| Operating profit/(loss) | 1,352 | (975) |
| Non-operating special items1 | (59) | 3 |
| Net income from associates and joint ventures | 82 | 42 |
| Profit/(loss) before net finance costs and tax2 | 1,375 | (930) |
| Investment income | 392 | 358 |
| Interest expense3 | (862) | (786) |
| Other net financing losses4 | (22) | (6) |
| Net finance costs5 | (492) | (434) |
| Profit/(loss) before tax | 883 | (1,364) |
| Income tax expense | (1,587) | (1,612) |
| (Loss)/profit for the financial year from continuing operations6 | (704) | (2,976) |
| (Loss)/profit for the financial year from discontinued operations7 | (2,466) | 188 |
| Loss for the financial year | (3,170) | (2,788) |
| Non-controlling interests8 | 571 | 280 |
| Remeasurement of net retirement benefit obligation9 | (35) | (46) |
| Net revaluation gain/(loss) on equity investments10 | 413 | (17) |
| Net gain/(loss) (including associates and joint ventures)11 | 1,276 | (469) |
| Cumulative loss transferred to the income statement on disposal of foreign operations12 | 4,804 | –13 |
| Net revaluation (loss)/gain (including associates and joint ventures)14 | (44) | 134 |
| Other comprehensive income/(loss) for the financial year (net of tax) | 6,414 | (398) |
| Total comprehensive income/(loss) for the financial year (net of tax) | 3,244 | (3,186) |
- Printed “–”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (13)
- “Non-operating special items” is an issuer-specific line, not mapped to a shared definition: Note 10.
- “Profit/(loss) before net finance costs and tax” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Interest expense”: mapping to a shared definition is uncertain. Printed 'Interest expense'; net finance costs also include other net financing losses (native).
- “Other net financing losses” is an issuer-specific line, not mapped to a shared definition: Within net finance costs (note 4).
- “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Note 4: investment income, interest expense and other net financing losses.
- “(Loss)/profit for the financial year from continuing operations” is an issuer-specific line, not mapped to a shared definition: Profit after tax from continuing operations.
- “(Loss)/profit for the financial year from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 6: discontinued operations.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Remeasurement of net retirement benefit obligation” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (net of tax).
- “Net revaluation gain/(loss) on equity investments” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (net of tax).
- “Net gain/(loss) (including associates and joint ventures)” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified (net of tax).
- “Cumulative loss transferred to the income statement on disposal of foreign operations” is an issuer-specific line, not mapped to a shared definition: OCI, reclassified (net of tax).
- “Net revaluation (loss)/gain (including associates and joint ventures)” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified (net of tax).
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Intangible assets | 504 | 940 |
| Property, plant and equipment | 34,253 | 40,844 |
| Environmental rehabilitation trusts1 | 117 | 151 |
| Investments in associates and joint ventures | 565 | 587 |
| Financial asset investments | 229 | 292 |
| Inventories2 | 806 | 1,192 |
| Trade and other receivables3 | 309 | 432 |
| Deferred tax assets | 291 | 294 |
| Derivative financial assets4 | 457 | 116 |
| Pension asset surplus and other non-current assets5 | 352 | 358 |
| Total non-current assets | 37,883 | 45,206 |
| Inventories | 3,013 | 5,247 |
| Trade and other receivables | 3,748 | 3,228 |
| Current tax assets | 169 | 266 |
| Derivative financial assets | 153 | 186 |
| Financial asset investments | 2 | 36 |
| Cash and cash equivalents | 6,436 | 8,167 |
| Total current assets | 13,521 | 17,130 |
| Assets classified as held for sale6 | 4,590 | 2,530 |
| Total assets | 55,994 | 64,866 |
| Trade and other payables | 4,879 | 6,092 |
| Short term borrowings | 1,075 | 2,019 |
| Provisions for liabilities and charges | 446 | 740 |
| Current tax liabilities | 176 | 191 |
| Derivative financial liabilities | 264 | 191 |
| Total current liabilities | 6,840 | 9,233 |
| Trade and other payables7 | 77 | 190 |
| Medium and long term borrowings | 14,406 | 16,191 |
| Royalty liability8 | 576 | 478 |
| Retirement benefit obligations | 560 | 503 |
| Deferred tax liabilities | 4,844 | 6,061 |
| Derivative financial liabilities9 | 311 | 740 |
| Provisions for liabilities and charges10 | 2,850 | 2,574 |
| Total non-current liabilities | 23,624 | 26,737 |
| Liabilities directly associated with assets classified as held for sale11 | 1,413 | 363 |
| Total liabilities | 31,877 | 36,333 |
| Net assets12 | 24,117 | 28,533 |
| Called-up share capital | 734 | 734 |
| Share premium account | 2,558 | 2,558 |
| Own shares13 | (6,031) | (6,188) |
| Other reserves | (7,498) | (13,088) |
| Retained earnings | 28,212 | 36,744 |
| Equity attributable to equity shareholders of the Company | 17,975 | 20,760 |
| Non-controlling interests | 6,142 | 7,773 |
| Total equity | 24,117 | 28,533 |
Notes and alternative reported figures (13)
- “Environmental rehabilitation trusts” is an issuer-specific line, not mapped to a shared definition: Non-current (notes 17, 25).
- “Inventories” is an issuer-specific line, not mapped to a shared definition: Note 19.
- “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 20.
- “Derivative financial assets” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Pension asset surplus and other non-current assets” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Note 35.
- “Trade and other payables” is an issuer-specific line, not mapped to a shared definition: Note 21.
- “Royalty liability” is an issuer-specific line, not mapped to a shared definition: Non-current (note 25).
- “Derivative financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Provisions for liabilities and charges” is an issuer-specific line, not mapped to a shared definition: Note 17.
- “Liabilities directly associated with assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Note 35.
- “Net assets” is an issuer-specific line, not mapped to a shared definition: Total assets less total liabilities, printed before equity.
- “Own shares” is an issuer-specific line, not mapped to a shared definition: Equity (note 27).
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Cash flows from operations | 7,005 | 6,930 |
| Dividends from associates and joint ventures1 | 46 | 62 |
| Dividends from financial asset investments2 | 1 | –3 |
| Income tax paid | (1,329) | (1,427) |
| Net cash inflows from continuing operating activities4 | 5,723 | 5,565 |
| Net cash (used in)/from discontinued operating activities5 | (212) | 2,538 |
| Net cash from operating activities | 5,511 | 8,103 |
| Expenditure on property, plant and equipment | (3,340) | (3,974) |
| Cash flows from/(used in) derivatives related to capital expenditure6 | 1 | (1) |
| Proceeds from disposal of property, plant and equipment | 17 | 10 |
| Investments and capitalised loan movements in associates and joint ventures7 | 5 | (62) |
| Expenditure on intangible assets | (41) | (80) |
| Net disposal of financial asset investments8 | 2,415 | 6 |
| Interest received and other investment income | 325 | 368 |
| Net cash outflow on acquisitions9 | (20) | –10 |
| Net cash (outflow)/inflow on disposals11 | (50) | 155 |
| Other investing activities12 | 10 | (29) |
| Net cash used in investing activities from continuing operations13 | (678) | (3,607) |
| Net cash used in investing activities from discontinued operations14 | (1,230) | (1,528) |
| Net cash used in investing activities | (1,908) | (5,135) |
| Interest paid15 | (798) | (823) |
| Cash flows used in derivatives related to financing activities16 | (322) | (479) |
| Dividends paid to Company shareholders | (344) | (1,026) |
| Distributions paid to non-controlling interests17 | (542) | (470) |
| Proceeds from issuance of bonds18 | –19 | 2,853 |
| Proceeds from other borrowings | 970 | 2,138 |
| Capital repayments of lease obligations | (287) | (340) |
| Repayments of bonds and borrowings | (4,587) | (3,078) |
| Purchase of shares by Group companies20 | (102) | (112) |
| Movements in non-controlling interests21 | –19 | 965 |
| Other financing activities22 | (60) | (109) |
| Net cash used in financing activities from continuing operations23 | (6,072) | (481) |
| Net cash from/(used in) financing activities from discontinued operations24 | 581 | (359) |
| Net cash used in financing activities | (5,491) | (840) |
| Net (decrease)/increase in cash and cash equivalents | (1,888) | 2,128 |
| Cash and cash equivalents at start of year | 8,134 | 6,074 |
| Effects of changes in foreign exchange rates | 172 | (68) |
| Cash and cash equivalents at end of year | 6,418 | 8,134 |
- Printed “–”, read as nil: subtotal_arithmetic: cf.native.co_z26xrk2f1n2a.cfo_continuing.
- Printed “–”, read as nil: subtotal_arithmetic: cf.native.co_z26xrk2f1n2a.cfi_continuing.
- Printed “–”, read as nil: subtotal_arithmetic: cf.native.co_z26xrk2f1n2a.cff_continuing.
Notes and alternative reported figures (21)
- “Dividends from associates and joint ventures” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 15).
- “Dividends from financial asset investments” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Net cash inflows from continuing operating activities” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Net cash (used in)/from discontinued operating activities” is an issuer-specific line, not mapped to a shared definition: Discontinued operations.
- “Cash flows from/(used in) derivatives related to capital expenditure” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 14).
- “Investments and capitalised loan movements in associates and joint ventures” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 15).
- “Net disposal of financial asset investments” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 16).
- “Net cash outflow on acquisitions” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Net cash (outflow)/inflow on disposals” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Other investing activities” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Net cash used in investing activities from continuing operations” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Net cash used in investing activities from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 36.
- “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' within financing activities; the statement does not say whether lease interest is included.
- “Cash flows used in derivatives related to financing activities” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Distributions paid to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 28).
- “Proceeds from issuance of bonds” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Purchase of shares by Group companies” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Movements in non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Other financing activities” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Net cash used in financing activities from continuing operations” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Net cash from/(used in) financing activities from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Discontinued operations.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid to Company shareholders |
(344) | USD millions | Annual report, p275 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid to Company shareholders |
(1,026) | USD millions | Annual report, p275 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
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Anglo American plc Integrated Annual Report 2025
Year ended 31 December 2025 · Annual report · final status not established
Audit: PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, unmodified opinion
Auditor's sign-off: Sonia Copeland (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP (typeset name)
Final status: The independent auditors' report to the members of Anglo American plc (opinion PDF p264) closes with the typeset 'Sonia Copeland (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 19 February 2026' and no visible signature (PDF p271, page image). The consolidated balance sheet states the financial statements were approved by the Board of directors on 19 February 2026 and signed on its behalf by Duncan Wanblad (Chief Executive Officer) and John Heasley (Chief Financial Officer), whose names are typeset with no visible signature (PDF p274, page image).
- Document date
- 19 Feb 2026
- Auditor's report
- 19 Feb 2026
- Board approval
- 19 Feb 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · USD millions (printed “US$ million”)
- Cash and cash equivalents at end of year in the cash flow statement (6,418; 2024: 8,134, p275, note 22) differ from the balance-sheet cash and cash equivalents (6,436; 2024: 8,167, p274) by bank overdrafts (18; 2024: 33), which note 22 deducts in its reconciliation to the balance sheet (PDF p311; the overdrafts sit in short term borrowings). The primary statements print no overdraft line, so the importer's three cash continuity checks (closing 2025, opening and closing 2024) fail by 18 and 33. Kept as printed; the note 22 figures are not transcribed.
- Profit before tax and income tax cover continuing operations only; discontinued operations are presented after tax (p272). The cash flow statement covers continuing and discontinued operations, with printed continuing subtotals and discontinued lines in each section (p275).
- The balance sheet prints liabilities in brackets and closes with 'Net assets' before equity; no total equity and liabilities line is printed (p274). Liability rows are stored positive (sign 'negate').
- The income statement prints, for each year, 'Before special items and remeasurements', 'Special items and remeasurements (note 10)' and 'Total' columns (p272); only the Total columns are transcribed. The 2024 income statement, comprehensive income and cash flow columns are headed 're-presented' to show discontinued operations separately (note 6); those comparative values are marked restated. The balance sheet 2024 column carries no such mark.
- Earnings/(loss) per share is printed in US$ (p272): basic and diluted (3.30) (2024: (2.53)), identical; stored as printed in dollars. The BSE listing is in BWP while the statements are presented in USD. The directory also records an NSX (XNAM) listing, which this BSE-queue filing does not record.
Technical details
- File
- 395 pages, with a text layer
- SHA-256
362b9ebb43ca8ce3cf0a87f5ba174047ab499c4cd8f5a48eeb1bf83530a176fb- Entity as printed
- Anglo American plc (the Parent Company) and its subsidiaries (the Group)
- Issuer copy
- retrieved 2026-10-08T18:53:53Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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