HMS Bergbau AG, a leading independent commodities trading and marketing company based in Germany, has published its final figures for the first half of 2026, confirming preliminary results announced on 19 August 2026. The company reported revenue of EUR 1.1 billion, a significant increase from EUR 0.64 billion in the same period last year. EBITDA (IFRS; including one-off items) rose to EUR 22.5 million, up from EUR 8.4 million. One-off items totaling EUR 8.4 million resulted from the first-time consolidation of the mining company Hoshoza Resources Vryheid in South Africa. Adjusted for these effects, operating EBITDA stood at EUR 14.1 million.
The strong performance was primarily driven by HMS's traditional bulk commodities business and its liquid fuels and lubricants business, established in 2025. The company benefited from sustained high demand for coal products in emerging and developing economies. The International Energy Agency (IEA) now expects global coal consumption to rise by 1.2 per cent to almost 9 billion tonnes this year, reversing its previous forecast of a slight decline for 2026. HMS also significantly expanded its activities in the metal ores sector, bringing its metallurgical coal mines in Botswana and South Africa into operation during the first half. Furthermore, the company continued to grow its liquid fuels business. Regional crises in the Middle East and their impact on global energy supply had no negative effect on HMS's business.
It is important to note that HMS prepared its accounts in accordance with the German Commercial Code (HGB) in the previous year, so the half-year figures are only comparable to those of the previous year to a limited extent. The full 2026 half-year report is available for download on the company's website, www.hms-ag.com, under the Investor Relations section. For additional information, the original release can be viewed on www.newmediawire.com.
This news matters because it highlights HMS Bergbau AG's resilience and growth in a dynamic global commodities market. The doubling of revenue and near-tripling of EBITDA underscore the company's ability to capitalize on strong demand for coal and other commodities, even as the world transitions to cleaner energy sources. The IEA's revised forecast of rising coal consumption suggests that demand from emerging economies remains robust, providing a favorable environment for HMS's core business. Moreover, the company's expansion into metal ores and mining operations in Africa demonstrates strategic diversification that could yield long-term benefits. For investors, the adjusted EBITDA of EUR 14.1 million provides a clearer picture of operational performance, excluding one-time consolidation effects. The fact that geopolitical tensions in the Middle East did not disrupt HMS's business indicates a resilient supply chain and global network. Overall, HMS's strong first-half results position it well for the remainder of 2026 and could signal continued growth in the commodities trading sector.
