Teck Resources reported much stronger unaudited Q4 2025 results, helped by higher copper prices and solid operating performance. Revenue rose to $3,058 million from $2,786 million, while gross profit nearly doubled to $990 million.
Adjusted EBITDA grew to $1,513 million from $835 million, and profit from continuing operations attributable to shareholders increased to $544 million, or $1.11 per share, with adjusted earnings of $671 million, or $1.37 per share. Copper segment gross profit before depreciation and amortization climbed to $1,079 million, supported by an average copper price of US$5.03 per pound.
Teck ended 2025 in a net cash position, generating $1.3 billion of operating cash flow in Q4 and reporting liquidity of $9.3 billion as of February 18, 2026, including $5.2 billion of cash. The proposed merger of equals with Anglo American advanced, with shareholders voting overwhelmingly in favour and key Investment Canada Act approval obtained. 2026 guidance calls for copper production of 455–530 thousand tonnes and copper net cash unit costs of US$1.85–US$2.20 per pound.
Teck Resources Limited filed its Annual Report on Form 40-F for the fiscal year ended December 31, 2025. The report lists 7,599,532 Class A common shares and 480,876,671 Class B subordinate voting shares outstanding as of December 31, 2025, and includes audited consolidated financial statements, MD&A, and required certifications.
Teck Resources Limited announced that its board has declared an eligible cash dividend of $0.125 per share on both its Class A common shares and Class B subordinate voting shares. The dividend will be paid on March 31, 2026 to shareholders of record as of March 13, 2026.
Teck describes itself as a Canadian resource company with copper and zinc operations across the Americas and an industry-leading copper growth pipeline, focused on supplying metals important for economic development and the energy transition.