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ACG Metals Ltd on Tuesday said it aims to position the business to benefit from capital markets re-rating and strategic growth opportunities, as it reported an increased loss. The British Virgin Island-based company, focused on acquiring and consolidating copper assets, said its loss widened to $27.0 million in 2025 from $7.0 million in 2024. Revenue more than doubled to $135.6 million from $57.7 million. Adjusted earnings before interest, tax, depreciation and amortisation was $76.3 million in 2025, up from $13.0 million in 2024. Notably, gold equivalent production from its Gediktepe mine in Turkey was 39,188 ounces in 2025, down 29% from 55,374 ounces in 2024. The company, however, noted that this was 3% above the top end of revised guidance, and 17% higher than original guidance. Gold sales declined 33% to 32,884 ounces in 2025 from 49,165 ounces in 2024. Chair & Chief Executive Officer Artem Volynets said: ‘A disciplined, safetyled operating culture and a continued focus on cost control underpinned strong margins and high levels of cash generation, while enabling us to advance the expansion of copper sulphide production at the Gediktepe mine in Turkey, on time and on budget.’ Cost of sales increased 70% to $57.1 million from $33.7 million. Finance expenses increased to $31.9 million from $4.4 million, while costs from a fair value loss on derivative liabilities increased to $52.0 million from $8.5 million. Cost from a fair value loss on contingent consideration was $30.8 million in 2025, compared to none in 2024. CEO Volynets said: ‘Looking ahead, our focus remains on operational excellence, disciplined project delivery and prudent capital allocation. The planned transition to copper production in the middle of 2026 represents an exciting and transformational next phase for the company, and the progress achieved in 2025 provides strong confidence in our ability to deliver this transition and create longterm shareholder value.’ ACG Metals said: ‘Looking ahead, the company is focused on delivering operational performance, strengthening the balance sheet, and positioning the business to benefit from capital markets re-rating and strategic growth opportunities.’ ACG Metals shares rose 5.4% to 1,623.43 pence each on Tuesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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