HMS Bergbau AG (ISIN: DE0006061104, WKN: 606110, “HMS”), a leading independent commodities trading and marketing company from Germany, has published preliminary and unaudited figures (IFRS) for the first half of 2026. The company reported a significant increase in revenue by around 71 per cent from EUR 643 million to approximately EUR 1.1 billion. EBITDA, including one-off items, reached EUR 22.5 million, compared to EUR 8.3 million in the previous year. Positive one-off effects of EUR 8.4 million resulted from the consolidation of the South African mining company Hoshoza Resources Vryheid, bringing adjusted EBITDA to EUR 14.1 million.
The half-year figures are only comparable to the prior-year period to a limited extent, as the latter were prepared in accordance with the German Commercial Code (HGB). HMS recorded a strong overall trading performance in bulk products and liquid fuels during the first six months, with March and April being the most successful months in the company's history in terms of tonnage handled. Activities in the metal ores sector were significantly expanded, and for the Langpan mining project in South Africa, HMS entered into an exclusive off-take agreement for a minimum of eight years covering the entire output of chromite ore.
A key milestone was the start of production at HMS's coal mines in South Africa and Botswana. Both mines are expected to reach full production still in 2026 and subsequently make significant contributions to earnings. CEO Dennis Schwindt commented: “We are very satisfied with our performance in the first half of the year. All business divisions have performed well and are contributing to our growth. Our trading business has performed very well; we were able to more than offset the restrictions caused by the closure of the Strait of Hormuz through increased trading in South-East Asia. We are particularly pleased that our coal mines have started production. Over the course of the rest of this year, we will gradually ramp up production there. We then expect to see corresponding positive contributions to earnings.”
Following the strong performance, HMS has confirmed its full-year forecast, expecting revenue to rise to EUR 2 billion and adjusted EBITDA to increase from EUR 23.1 million in 2025 to EUR 35 million in 2026. The exact extent of further impact from the ongoing activities at Hoshoza Resources Vryheid cannot yet be determined. The full 2026 half-year report will be available for download from 30 September 2026 on the company's website, www.hms-ag.com, under the Investor Relations section.
HMS Bergbau AG is one of the leading independent commodity trading and marketing companies headquartered in Germany. Its core business is the international trade in commodities such as coal products, liquid fuels, ores, cement and other products, as well as increasingly the production of commodities within the framework of majority and minority holdings in mining companies. Its customers include renowned international industrial companies as well as energy traders and producers, who are supplied worldwide and on schedule. With activities spanning Asia, Africa, Europe, North and South America, HMS Bergbau AG also has high-quality commodity reserves and an extensive global network.
