FREEPORT-MCMORAN INC SEC 10-Q Report

Freeport-McMoRan Inc., a leading international mining company with significant assets in copper, gold, and molybdenum, has released its Form 10-Q report for the second quarter of 2025. The report highlights robust financial performance driven by increased sales volumes and improved pricing, alongside significant operational achievements and future growth projections.

Financial Highlights

Revenues: £7,582 million, reflecting a 14% increase from £6,624 million in the same quarter of 2024, driven by higher sales volumes and improved pricing for copper and gold.

Operating Income: £2,432 million, up from £2,049 million in the prior year quarter, indicating strong operational performance and cost management.

Net Income Attributable to Common Stockholders: £772 million, compared to £616 million in the second quarter of 2024, benefiting from favorable pricing and sales volume increases.

Diluted Net Income Per Share: £0.53, an increase from £0.42 in the same period last year, reflecting improved profitability and efficient cost management.

Business Highlights

Revenue Segments: The company reported revenues from various product lines, including copper cathode, copper concentrate, copper rod, gold, molybdenum, and silver. Notably, copper concentrate and gold sales showed significant increases in the second quarter of 2025 compared to the same period in 2024.

Geographical Performance: The company's operations in Indonesia, South America, and the U.S. contributed to its overall performance.

The Indonesia operations, including the Grasberg minerals district, are a major source of copper and gold production. The U.S. operations, particularly the Morenci minerals district, also play a significant role in copper production.

Sales Units: Copper sales volumes increased to 1,016 million pounds in the second quarter of 2025, up from 931 million pounds in the same period in 2024. Gold sales volumes also rose to 522 thousand ounces from 361 thousand ounces year-over-year.

New Production Launches: A major milestone was achieved with the startup of PT Freeport Indonesia's new large-scale copper smelter in Eastern Java, Indonesia.

This facility is expected to enhance the company's production capabilities and integrate refined copper and gold production.

Future Outlook: The company projects consolidated sales volumes for 2025 to include 3,948 million pounds of copper, 1.3 million ounces of gold, and 82 million pounds of molybdenum. The company is targeting an annual run rate of 300 million pounds of copper by the end of 2025 from operational enhancements and new technologies.

Operational Efficiency: The company is focused on improving efficiencies and leveraging new technologies to drive better performance and grow production more quickly with lower capital intensity. Initiatives are underway to increase recoverable metal from leach stockpiles, which could favorably impact average unit net cash costs.

SEC Filing: FREEPORT-MCMORAN INC [ FCX ] - 10-Q - Aug.

08, 2025[1]

References

1. ^ FREEPORT-MCMORAN INC [ FCX ] - 10-Q - Aug.

   08, 2025 (www.sec.gov)