Glencore posts lower earnings and returns $2 billion to shareholders

Wed, 18th Feb 2026 07:16

LONDON, Feb 18 (Reuters) - ⁠Glencore, fresh from a failed takeover approach from ‌bigger rival ⁠Rio Tinto, reported slightly ⁠lower earnings on Wednesday, and said it would return $2 billion ‌to shareholders.

Talks to forge a $240 billion global mining giant ‌were called off in February over ‌differences on valuation and ownership.

Adjusted earnings before interest, taxes, depreciation and amortisation ‌fell 6% to $13.51 billion last year, ⁠from $14.36 billion ⁠in 2024, ‌above analysts' consensus estimates of $13.3 billion. (Reporting by ‌Clara Denina and Pratima Desai; editing by Barbara Lewis)