Glencore unveils $1.5 billion payout and Australian listing plans as earnings soar

Mining Written by: Oliver Haill 08:01 Wed 05 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup News Service, Gracenote... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Glencore PLC ( LSE:GLEN ) View Price & Profile Glencore unveils $1.5 billion payout and Australian listing plans as earnings soar Published: 08:01 05 Aug 2026 BST Glencore PLC (LSE:GLEN) reported an 86% jump in first-half earnings and announced an additional $1.5 billion of shareholder returns as it enjoyed a boost from higher commodity prices and volatile energy markets. Underlying profit (adjusted EBITDA) rose to $10.11 billion from $5.43 billion a year earlier, on revenue that increased 49% to $174.4 billion. The commodities group declared a special cash distribution of 8.5 cents per share, worth around $1 billion, alongside a new $500 million share buyback. This lifted total shareholder returns announced for 2026 to roughly $3.5 billion. Glencore’s marketing division generated adjusted operating profit of $3.3 billion, as indicated in its July trading update . This was up 142% and represented a near-record first-half result as the Middle East conflict disrupted energy, freight and related markets. Industrial adjusted earnings rose 72% to $6.5 billion, reflecting higher commodity prices and solid operating performance. The benefits were partly offset by a weaker US dollar and higher costs linked to supply-chain disruption. Net debt fell $1 billion to $10.2 billion despite $4 billion of net capital expenditure. Glencore also plans to seek a secondary listing in Australia in October to broaden its shareholder base and improve trading liquidity. The group indicated full-year adjusted earnings of around $19.7 billion at current commodity prices, supported by an expected increase in second-half production volumes. Continue reading