Freeport-McMoRan said net income attributable to common stockholders for Q1 2025 totaled $352 million, compared with $473 million for Q1 2024. The company cited lower gold and copper sales volumes in Indonesia as the primary factor, partly offset by higher average realized prices for copper and gold.

1. 01

   Freeport-McMoRan said net income attributable to common stockholders for Q1 2025 totaled $352 million, compared with $473 million for Q1 2024. The company cited lower gold and copper sales volumes in Indonesia as the primary factor, partly offset by higher average realized prices for copper and gold.

2. 02

   Freeport-McMoRan said consolidated copper and gold sales volumes decreased in Q1, reflecting a planned major maintenance project in Indonesia. The company projected consolidated sales volumes for Q2 2025 to approximate 1.0 billion pounds of copper, 500 thousand ounces of gold and 22 million pounds of molybdenum.

3. 03

   Freeport-McMoRan said consolidated debt totaled $9.4 billion as of March 31, 2025, and consolidated cash and cash equivalents totaled $4.4 billion. The company said it acquired 1.4 million shares of its common stock for a total cost of $55 million in Q1 2025, and as of April 30, 2025 had $3.0 billion available under its share repurchase program.

4. 04

   Freeport-McMoRan estimated consolidated operating cash flows for 2025 to approximate $7.0 billion (including $0.2 billion of working capital and other sources), excluding potential tariff impacts. This estimate assumes prices of $4.15 per pound of copper, $3,000 per ounce of gold and $20.00 per pound of molybdenum for the remainder of 2025.

Key figures

Quarter ended March 31, 2025

Revenue

$5.6B

Operating income

$1.3B

Net income

$793M

EPS

$0.24

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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