Glencore posts lower earnings and returns $2 billion to shareholders

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)

Glencore

Rio Tinto