Teck Q2 FY26 profit before taxes more than doubled to $1.5 billion; adjusted EBITDA rises 204% to $2.2 billion
Reuters2026/07/23 05:22- Teck posted Q2 2026 profit before taxes of $1.5 billion, up $1.3 billion from Q2 2025.
- Adjusted EBITDA (non-GAAP) rose to $2.2 billion; adjusted EBITDA margin widened to 61% from 36%.
- Cash flow from operations climbed 1,852% to $1.7 billion; cash balance rose $1 billion in H1 2026 to $6.1 billion.
- Copper revenue increased 80% to $2.7 billion; realized copper price rose 40% to US$6.09/lb.
- Teck maintained 2026-2028 copper production guidance; merger with Anglo American remains targeted for 12-18 months from Sep. 2025 announcement.
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