KPIs

EBITDA*

$3,427m

Why it is important

This is a measure of our underlying profitability

Performance in 2024

EBITDA was $3.4 billion, 11% higher on stronger revenues and robust cost control, which helped to increase the Group’s EBITDA margin to 52% (2023: 49%)

^{*1. Non-IFRS measures, refer to the alternative performance measures.}

Profit before tax

$2,071m

Why it is important

This is a measure of our profitability before the deduction of taxes.

Performance in 2024

Profit before tax (including exceptional items) was $2,071 million, 5% higher than 2023 due to higher revenues (higher copper price); the exceptional items gain mainly related to impairment reversal in Antucoya, partly offset by higher depreciation and amortisation

 

Net debt/(Net cash)*

$1,160m

Why it is important

This measure reflects our financial liquidity.

Performance in 2024

Profit before tax (including exceptional items) was $2,071 million, 5% higher than 2023 due to higher revenues (higher copper price); the exceptional items gain mainly related to impairment reversal in Antucoya, partly offset by higher depreciation and amortisation.

 

^{*1. Non-IFRS measures, refer to the alternative performance measures.}

Underlying earnings per share*

$62.8.0¢

Why it is important

These are measures of the profit attributable to shareholders before exceptional items.

Performance in 2024

Underlying earnings per share excluding exceptional items decreased by 13% to 62.8 cents, reflecting lower underlying profit after tax.

^{*2. From continuing operations excluding exceptional items.}

Earnings per share*

$84.1¢

Why it is important

These are measures of the profit attributable to shareholders after exceptional items.

Performance in 2024

Earnings per share including exceptional items for the year were 1% lower at 84.1 cents, compared with 2023, despite the higher profit after tax during the year.

^{*3. From continuing and discontinued operations including exceptional items.}

Copper production*

664.0 kt

Why it is important

Copper is our main product and largest source of revenue.

Performance in 2024

Copper production increased by 1% to 664,000 tonnes, with higher production at Centinela Cathodes and Los Pelambres, offset by lower grades at Centinela Concentrates.

^{*5. 100% of Los Pelambres, Centinela and Antucoya, and 50% of Zaldívar’s production.}

Net cash costs*

$1.64/lb

Why it is important

This is a key indicator of operating efficiency and profitability.

Performance in 2024

Net cash costs for 2024 were $1.64/lb, in line with 2023 and guidance for the year, reflecting lower copper grades at Los Pelambres offset by stronger by-product credits

_{*1. Non-IFRS measures, refer to the alternative performance measures.}

Mineral resources*

20.6bn tonnes

Why it is important

Our mineral resource base supports our strong organic growth pipeline.

Performance in 2024

Total mineral resources increased by 148 million tonnes during the year, following work at Centinela.

_{*6. Mineral resources (including ore reserves) relating to the Group’s subsidiaries on a 100% basis and Zaldívar on a 50% basis.}

Safety

0 Fatalities
0.57 LTIFR*

Why it is important

Safety is our top priority, with fatalities and the LTIFR** being two of our principal measures of performance.

Performance in 2024

Record safety performance with no fatalities and the LTIFR improving by a further 9% as the Group continues to embed a safety-first culture, with improvements in both leading and lagging indicators of safety.

^{**7. The Lost Time Injury Frequency Rate is the number of accidents with lost time during the year per million hours worked.}

Water withdrawals (gigalitres)

103 GL

Why it is important

Water is a precious resource and we are focused on using the most sustainable sources and maximising its efficient use.

Performance in 2024

The use of sea water as a proportion of total water withdrawals was similar on a year on year basis at 58% (2023: 60%). Increase in overall water use reflects the Group’s increase in ore processing in 2024.

CO2e emissions intensity*

1.75 tC0₂e/tCu

Why it is important

We recognise the risks and opportunities arising from climate change and the need to measure and mitigate greenhouse gas (GHG) emissions.

Performance in 2024

CO2e emissions intensity increased by 3% in 2024.

^{*8. Scope 1 and 2, Mining division only.
*9. Tonnes of CO2 equivalent per tonne of copper produced.}