Atalaya Mining closed the first half of 2026 with a strong improvement in its results, driven by the favourable copper price and a solid cost performance. The company achieved EBITDA of €126.2 million, up 17% on the same period last year and the highest half-year figure ever recorded by the group. In the second quarter alone, EBITDA reached €78.2 million, also an all-time quarterly record.
Revenue grew to €264.7 million, compared with €254.8 million in the first half of 2025, while after-tax profit stood at €84 million, up 40%. Cash generation enabled the net cash position to rise to €318.3 million at the end of June, from €122 million in December, strengthening the miner’s financial capacity to pursue its growth projects in Spain.
Copper production reached 23,432 tonnes in the first six months, below the 27,466 tonnes recorded in the same period last year. Atalaya nonetheless maintains its full-year guidance of between 50,000 and 54,000 tonnes, although it expects to come in towards the lower end of the range. Costs also remain within full-year guidance, despite higher prices for certain supplies such as diesel and explosives due to the conflicts in the Middle East.
At the same time, the company continues to make progress on its project pipeline. At Riotinto, work continues on San Dionisio and Masa Valverde, while the Touro project in Galicia is progressing through its environmental permitting process. Atalaya is also considering modifications to the Riotinto plant to allow the simultaneous processing of polymetallic and copper ores.
This financial strength will also allow the company to sustain its investment effort and reward shareholders. The board has approved an interim dividend of €0.055 per share for the first half, 25% higher than that paid a year earlier.
With a strengthened balance sheet and strong cash generation, Atalaya enters the second half of the year focused on maintaining operating efficiency and advancing its expansion projects, particularly Touro and the initiatives linked to the Riotinto mining district.
Source: https://polaris.brighterir.com/public/atalaya_mining_plc/news/xml_news/story/w372m3x
