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Business
Glencore lifts 2026 profit forecast above $5 billion, announces new guidance
✍️ Asianet Newsable
🗓 02 Oct 2026, 10:16 PM
👁 18
Swiss commodity trader Glencore raised its projected profit for 2026 to more than $5 billion, outlining updated guidance for investors.
Glencore, the Swiss‑based global commodities giant, announced on Tuesday that it now expects earnings before interest, tax, depreciation and amortisation (EBITDA) for the fiscal year ending 2026 to exceed $5 billion. The upward revision reflects stronger commodity prices, higher demand in key markets and the company's ongoing cost‑efficiency measures.
The firm also provided updated guidance on revenue growth and capital allocation, signalling confidence in its diversified portfolio of metals, energy and agricultural products. Analysts noted that the new outlook places Glencore among the top earners in the sector for the upcoming year.
Investors welcomed the news, with Glencore’s shares trading higher in European markets following the release. The company said it will continue to focus on sustainable mining practices and strategic acquisitions to sustain momentum.
Glencore’s management reiterated that the revised forecast is based on current market conditions and does not incorporate potential regulatory changes that could affect the industry.
The firm also provided updated guidance on revenue growth and capital allocation, signalling confidence in its diversified portfolio of metals, energy and agricultural products. Analysts noted that the new outlook places Glencore among the top earners in the sector for the upcoming year.
Investors welcomed the news, with Glencore’s shares trading higher in European markets following the release. The company said it will continue to focus on sustainable mining practices and strategic acquisitions to sustain momentum.
Glencore’s management reiterated that the revised forecast is based on current market conditions and does not incorporate potential regulatory changes that could affect the industry.