Teck Q2 FY26 profit before taxes rises to $1.5 billion; adjusted EBITDA more than doubles to $2.2 billion
TECK•Anglo American merger remains on track
Teck said its merger with Anglo American remains targeted to close 12-18 months from the September 2025 announcement, with China approval ongoing and integration planning underway.
Teck reports sharply higher Q2 results
- Teck posted Q2 2026 profit before taxes of $1.5 billion, up $1.3 billion versus Q2 2025.
- IFRS diluted earnings per share climbed 324% to $1.74; revenue rose 78% to $3.61 billion.
- Non-GAAP adjusted EBITDA rose to $2.2 billion from $722 million; adjusted EBITDA margin widened 25 percentage points to 61%.
- Cash flow from operations surged 1,852% to $1.7 billion; cash balance rose $1 billion in H1 2026 to $6.1 billion.
