# Atalaya Mining reports FY2025 results with strong cash flow and dividend increase

- Link: https://www.directorstalkinterviews.com/atalaya-mining-reports-fy2025-results-with-strong-cash-flow-and-dividend-increase/4121245246
- Published: 2026-03-19T07:36:56+00:00
- Author: Amilia Stone

**Atalaya Mining Copper S.A** (LON:ATYM) has announced its audited consolidated 
financial results for the year ended 31 December 2025.

**Highlights**

·      Copper production of 11.6 kt in Q4 2025 and 51.1 kt in FY2025, which achieved
the higher end of the FY2025 guidance range

·      Cash Costs of US$2.62/lb in Q4 2025 and US$2.40/lb in FY2025, with reductions
due to higher production, higher silver credits and lower offsite costs

·      AISC of US$3.07/lb in Q4 2025 and US$2.90/lb in FY2025

·      EBITDA of €41.4 million in Q4 2025 and €179.8 million in FY2025, resulting
in strong free cash flow generation of €107.4 million in FY2025

·      Final dividend of €0.065/sh proposed, for a full year total of €0.109/sh

·      Robust net cash position to support the development of Atalaya’s copper growth
projects in Spain

**Q4 and FY2025 Financial Results Summary**

| **Period ended 31 December** | **Unit** | **Q4 2025** | Q4 2024 | **FY2025** | FY2024 | 
| Revenues from operations | _€k_ | **121,412** | 77,852 | **482,915** | 326,797 | 
| Operating costs | _€k_ | **(79,965)** | (65,172) | **(303,159)** | (260,441) | 
| **EBITDA** | **_€k_** | **41,447** | 12,680 | **179,756** | 66,356 | 
| Profit for the period ^((1)) | _€k_ | **14,451** | 14,922 | **85,363** | 32,560 | 
| Basic earnings per share ^((1)) | _€ cents/share_ | **10.3** | 8.7 | **60.8** | 22.6 | 
| Dividend declared per share ^((2)) | _€/share_ | **n/a** | n/a | **0.109** | 0.0637 | 
| Cash flows from operating activities | _€k_ | **72,477** | 11,101 | **192,483** | 53,403 | 
| Cash flows used in investing activities | _€k_ | **(25,305)** | (16,578) | **(85,070)** | (66,073) | 
| Cash flows from financing activities | _€k_ | **11,418** | (19,168) | **13,444** | (57,261) | 
| Net cash position ^((3)) | _€k_ | **121,960** | 35,091 | **121,960** | 35,091 | 
| Working capital surplus | _€k_ | **93,822** | 44,728 | **93,822** | 44,728 | 
| **Average realised copper price****(excluding QPs)** | **_US$/lb_** | **5.10** | 4.10 | **4.49** | 4.19 | 
| Copper concentrate produced | _tonnes_ | **66,402** | 69,550 | **298,108** | 252,165 | 
| Copper production | _tonnes_ | **11,550** | 12,078 | **51,139** | 46,227 | 
| **Cash** **Costs** | **_US$/lb payable_** | **2.62** | 2.79 | **2.40** | 2.92 | 
| **All-In Sustaining Costs (“AISC”)** | **_US$/lb payable_** | **3.07** | 3.28 | **2.90** | 3.26 |

_(1)   Includes impact of Q4 2025 impairment related to the E-LIX project of €24.1
million._

_(2)   Consists of 2025 Interim Dividend (paid 10 October 2025) and proposed 2025
Final Dividend, which is subject to approval by shareholders at the Company’s 2026
Annual General Meeting._

_(3)   Includes restricted cash and bank borrowings at 31 December 2025 and 31 December
2024._

> **Alberto Lavandeira, CEO, commented:**
> _“2025 was a year of strong operational and financial delivery for Atalaya. We
> achieved copper production at the upper end of our guidance range, generated robust
> free cash flow and further strengthened our balance sheet. The Board has again
> proposed a final dividend. These results reflect disciplined cost control, improved
> operating performance at Riotinto and continued focus on efficiency across the
> business._
> _We continued to invest in the long__‑__term development of our assets, with sustained
> investment at Riotinto, further progress at Masa Valverde and Proyecto Touro, 
> and encouraging exploration results, reinforcing the growth potential and optionality
> across our asset portfolio. At the same time, we maintained our commitment to 
> [sustainability](https://www.directorstalkinterviews.com/sustainability-green-stocks-news),
> including targeted actions to address safety performance and a focus on continuous
> improvement in relation to energy and water efficiency._
> _The equity fundraise completed in January 2026 has further strengthened Atalaya’s
> financial position and provides significant flexibility to advance our copper 
> growth projects in Spain. Looking ahead, while the start of 2026 has been affected
> by challenging weather conditions at Riotinto, we remain confident in our production
> guidance for the year and in the medium__‑__term growth potential of our portfolio.
> With a strong balance sheet, high__‑__quality assets and favourable long__‑__term
> copper fundamentals, Atalaya is well positioned to deliver on our 2026 goals.”_

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