HMS Bergbau AG reports first‑half 2026 financial results
Revenue growth
HMS Bergbau AG announced its final figures for the first six months of the 2026 financial year.
- Revenue increased to EUR 1.1 billion from EUR 640 million in the same period of 2025, representing a year‑on‑year rise of approximately 72 %.
- The increase is attributed to the company’s bulk products and liquid fuels businesses, which provided positive growth momentum.
EBITDA performance
The company’s EBITDA rose to EUR 22.5 million (IFRS, including one‑off items) from EUR 8.4 million in the prior year’s first half.
- After adjusting for one‑off items, the adjusted EBITDA for the period was EUR 14.1 million.
- The one‑off items, amounting to EUR 8.4 million, stem from the first‑time consolidation of the mining company Hoshoza Resources Vryheid in South Africa.
Operational context
HMS Bergbau AG, headquartered in Berlin, remains a leading independent commodities trading and marketing firm in Germany.
- Its core activities include procurement of steam coal, handling logistics for coal products such as nut coal, anthracite, coke and other coal products, and upgrading, screening and blending these products.
- The company also transports steam coal, reinforcing its position within the coal supply chain.
Market implications
- The company’s market price closed at EUR 38.30 on 28 September 2026, within a 52‑week range of EUR 35.90 to EUR 53.00.
- With a market capitalization of approximately EUR 174.5 million, the firm’s price‑earnings ratio stood at 3.52 at the time of reporting.
Summary
The confirmed final figures for the first half of 2026 demonstrate robust revenue growth and a significant improvement in EBITDA for HMS Bergbau AG. The results validate the company’s strategy to capitalize on bulk product and liquid fuel markets while managing its coal trading and logistics operations effectively.
