Teck Resources reported strong Q1 2025 results with improved profitability and increased sales.

From GlobeNewswire: 2025-04-24 01:02:00

Teck Resources Limited reported a significant improvement in profitability in the first quarter of 2025 due to higher commodity prices and increased copper sales volumes. Adjusted EBITDA more than doubled to $927 million, with a profit of $450 million from continuing operations before taxes. The company returned $505 million to shareholders through share buybacks and had a strong balance sheet with $10.0 billion in liquidity and a net cash position of $764 million.

Copper production increased by 7% to 106,100 tonnes in Q1 2025, with a gross profit of $704 million before depreciation and amortization. Zinc business also saw growth, generating a gross profit of $225 million in the first quarter. Despite challenges like power outages and weather impacts, QB production reached 42,300 tonnes, with ongoing improvements in operational stability.

Teck remains focused on value-driven growth, with projects like Highland Valley Copper Mine Life Extension and Zafranal progressing towards potential sanction decisions in 2025. The company’s disciplined capital allocation framework prioritizes growth investments with attractive risk-adjusted returns. Safety and sustainability are also key priorities, with a low High-Potential Incident Frequency rate and the release of the 24th annual Sustainability Report.

Guidance for 2025 remains unchanged, with production guidance for copper and zinc outlined. Teck continues to focus on operational stability, cost management, and long-term value creation. The company’s commitment to safety, sustainability, and responsible development underpins its strategic growth initiatives and financial performance.



Read more at GlobeNewswire:: Teck Reports Unaudited First Quarter Results for 2025