De Beers’ deficit narrowed in the first half of 2026
De Beers' underlying loss shrank 23% to US$188 million, parent company Anglo American reported. Before interest, taxes, depreciation, and amortization, the loss came to US$113 million, a 40% reduction from US$189 million a year earlier.
De Beers’ underlying loss shrank 23% to US$188 million, parent company Anglo American reported. Before interest, taxes, depreciation, and amortization, the loss came to US$113 million, a 40% reduction from US$189 million a year earlier.
The improvement reflected a transition from trading losses in the first half of 2025 – when rough prices declined and the company sold off weaker inventory at low margins – to trading profits in the first half of this year.
“Pricing was relatively stable during the current period, supporting more consistent margins and trading profits,” Anglo American said.
