Revenue distribution by sectors:

• Copper production: approx. 60%
• Silver production: approx. 20%
• Other metals and by-products: approx. 20%

TOP 3 markets and their percentage shares:

• Poland: approx. 25%
• Germany: approx. 20%
• China: approx. 15%

KGHM Polska Miedz S.A. is heavily involved in copper production, which accounts for the majority of their revenues. Silver and other metals complement the portfolio and also contribute significantly to revenue. The Polish market is the largest single market for KGHM, followed by Germany and China, which serve as important export markets for their products. The strong presence in Europe and Asia highlights the company's global reach.

Production sites of KGHM Polska Miedz S.A.:

1. Poland: Main production site, especially in the Lower Silesia region. This is where the main copper mines and smelters are located.
2. Chile: The Sierra Gorda Mine is a significant copper and molybdenum mine.
3. Canada: Investments in several mines, including the Victoria project in Ontario.
4. USA: The Robinson Mine in Nevada is another important production site.
5. Zambia: Participation in the Lubin Mine.

KGHM Polska Miedz S.A. is a globally operating mining company with a diversified production base. In addition to the main production sites in Poland, the company has made strategic investments in other countries to expand its resource base and increase supply security.

Revenue growth: 5.8% (2024) Investments in renewable energies: 1.2 billion PLN (2024)

KGHM Polska Miedz S.A. pursues a strategy focused on diversification and sustainability. In recent years, the company has increasingly invested in renewable energies to reduce its dependence on traditional energy sources and improve its environmental footprint.

Another key focus is on entering new markets and expanding existing mines to increase production. KGHM also plans to enhance the efficiency of its operations and reduce production costs through technological innovations.

These strategic measures are intended to enable the company to respond to the growing demand for copper and other metals being driven by the global trend towards electrification and infrastructure expansion.

Copper Concentrate: Import from Chile, Peru
Silver: Import from Mexico
Molybdenum: Import from the USA

KGHM Polska Miedz S.A. is a leading company in the copper and silver production sector. To support their production capacities, KGHM imports copper concentrate, especially from Chile and Peru, as these countries are among the largest copper producers worldwide.

In addition, KGHM sources silver from Mexico, one of the largest silver producers in the world, to complement their processing and refining processes.

Molybdenum is mainly imported from the USA, as it is an important component in alloy production and the USA has significant molybdenum reserves. These imports are crucial to ensure KGHM's production requirements and the quality of their end products.

Market share in the copper sector: Approximately 3% (2024)
Production capacity: Over 700,000 tons of copper annually (2024)
Cost position: Among the top 10 most cost-efficient copper producers worldwide (2023)

KGHM Polska Miedz S.A. has a significant competitive advantage due to its strong position in the global copper market. The company is one of the world's leading copper producers and benefits from a high production capacity, allowing it to maintain a stable market share.

Another advantage is the cost-efficient production, which places KGHM among the top 10 most cost-effective copper producers globally. This enables the company to remain profitable even in times of low copper prices.

Additionally, KGHM has access to extensive copper reserves and operates modern mining and processing facilities, further increasing efficiency. Diversification into other metals such as silver and gold also strengthens the revenue base and reduces dependence on copper price fluctuations.

Institutional Investor Share: approximately 30% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last 12 months (as of 2025)

The institutional investor share in KGHM Polska Miedz S.A. is estimated to be around 30%. This is typical for large publicly traded companies that have a stable and diversified shareholder profile.

Regarding insider buys or sells, there have been no significant transactions in the past year. This may indicate that the management and other insiders have confidence in the current company strategy and the market value of the shares.

Market share of KGHM Polska Miedz S.A.: 9% (estimated, 2025)

Top competitors and their market shares:

1. Codelco: 12%
2. BHP Group: 11%
3. Rio Tinto: 10%
4. KGHM Polska Miedz S.A.: 9%
5. Glencore: 8%
6. Freeport-McMoRan: 7%
7. Anglo American: 6%
8. Southern Copper Corporation: 5%
9. Antofagasta: 4%
10. First Quantum Minerals: 3%

Moat of KGHM Polska Miedz S.A.:

KGHM Polska Miedz S.A. has a moderate moat, mainly characterized by its extensive copper reserves and vertical integration in production. The company benefits from a strong presence in Poland and an efficient production chain that allows it to control costs.

However, compared to its competitors, KGHM has less geographic diversification and lower production capacity, weakening the moat compared to larger companies like Codelco or BHP Group. These companies have greater resources and a broader global presence, giving them a stronger moat.

In summary, while KGHM has specific strengths, it has a less pronounced moat compared to the leading global companies in the industry.

Revenue Growth: 8.5% (2024) Profit Growth: 7.2% (2024) Copper Production: 750,000 tons (2024) Debt Ratio: 45% (2024)

KGHM Polska Miedz S.A. recorded a solid revenue growth of 8.5% in 2024, attributed to stable demand for copper and other metals. The 7.2% profit growth indicates the company's ability to effectively manage costs and benefit from market conditions.

The copper production of 750,000 tons in 2024 highlights the company's strong operational performance. KGHM has also invested in new technologies and sustainable practices in recent years to increase efficiency and reduce environmental impact.

The debt ratio of 45% is moderate, showing that the company has its debt under control, which is advantageous in a volatile commodity market. This financial stability enables KGHM to invest in growth projects while minimizing risks.

Overall, KGHM's financial and operational performance suggests that the stock could be a potentially good investment, especially for investors interested in the commodity sector. However, it is important to consider global commodity prices and geopolitical risks that could impact future performance.

Dividend Yield: Estimate 5.0% (2025)
Dividend History: Regular payouts in recent years

KGHM Polska Miedz S.A. is known for its regular dividend payouts. In 2025, a dividend yield of approximately 5.0% is expected, based on current market conditions and the company's dividend policy.

The company has followed a consistent dividend policy in the past, indicating a certain reliability in payouts. However, dividend payments are heavily dependent on commodity prices, especially copper, as they have a significant impact on KGHM's earnings.