Major commodity trading company Trafigura has published its yearly report for the 2025 financial year, noting resilient performance, broadly consistent with the previous year.
The group’s net profit for the year amounted to $2.666 billion, a decrease of 3% compared to the previous year. Earnings before interest, tax, depreciation and amortisation (EBITDA) exceeded $8 billion for the fourth consecutive year.
The company noted the strong performance of its metals trading business during the reporting period thanks largely to US tariffs, which created arbitrage opportunities and tightened global supply of metals. At the same time, China remained a key market driver, with solid demand for metals linked to manufacturing, infrastructure, renewable energy and electric vehicles.
The Metals and Minerals segment, which includes bulk commodities, associated freight and operating assets, generated $73.3 billion in revenue, 30% of the group’s total. The department’s operating profit before depreciation and amortisation amounted to $2 billion, up from $1,96 billion a year earlier. Over the 2025 financial year, Trafigura’s volume of non-ferrous concentrates and refined metals trading was 19.4 million tonnes.
"The 2025 financial year again demonstrated the value of our diversified business model, global scale and deep physical presence. Despite more challenging market dynamics, we ensured the secure and efficient flow of essential commodities – reaffirming our position as a vital link in global supply chains,” said Trafigura CEO Richard Holtum.
"Our Metals, Minerals and Bulk Commodities division performed particularly strongly, underlining Trafigura’s agility and the depth and breadth of our commercial relationships."
Theodor Lisovoy, Managing Editor, Rough&Polished
