KGHM stock: On Warsaw, KGHM stock falls 3.60 percent

Published on 10/19/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KGHM revenue hit PLN 12.8 billion in the second quarter, up 49.00 percent. KGHM stock costs EUR 72.20 on October 19, 2026, down 3.60 percent on Warsaw.

Trading pressure and earnings growth

KGHM stock fell 3.60 percent on Warsaw on October 19, 2026.
Second-quarter revenue reached PLN 12.8 billion, up 49.00 percent year over year.
KGHM stock costs EUR 72.20 at Lang & Schwarz on October 19, 2026 at 4:11 p.m. CEST, down 3.60 percent on Warsaw versus the prior close.
KGHM will publish its third-quarter report on November 18, 2026.

KGHM, PLKGHM000017, Illustration mit AI erstellt.

KGHM stock fell 3.60 percent on the Warsaw Stock Exchange on October 19, 2026, as the Polish copper producer traded at PLN 315.95, down from PLN 327.75. At Lang & Schwarz, the stock was trading at EUR 72.20 on October 19, 2026 at 4:11 p.m. CEST.

Second-quarter revenue rose 49.00 percent

The latest operating picture remains strong despite the daily decline. According to Parkiet on October 16, 2026, KGHM generated more than PLN 12.8 billion in revenue in the second quarter, up 49.00 percent year over year. Adjusted EBITDA reached PLN 3.73 billion, an increase of 57.00 percent from the same period a year earlier.

The same report said payable copper production reached 291,500 tonnes in the first half of 2026, up 7.00 percent from the first half of 2025. That combination of higher output and stronger metal prices gives the earnings picture more weight than a single trading session.

Range and valuation define the stock

KGHM traded between PLN 315.60 and PLN 327.75 on October 19, 2026. Its 52-week range was PLN 183.80 to PLN 396.40, while the market capitalization stood at PLN 63.2 billion. The price-to-earnings ratio was 7.27, and the trailing dividend yield was 0.00 percent.

The next major date is November 18, 2026, when KGHM plans to publish its consolidated report for the third quarter of 2026, according to the KGHM investor calendar. The company had reported on October 14, 2026 that its supervisory board appointed a management board member.

Comparison with peers

KGHM (Warsaw, PLN): minus 3.60 percent, P/E 7.27, market capitalization PLN 63.2 billion.
Rio Tinto (LSE, GBp): minus 1.97 percent, P/E 12.07, market capitalization GBP 108.7 billion.
Freeport-McMoRan (NYSE, USD): minus 0.53 percent, P/E 33.90, market capitalization USD 99.4 billion.

Price position and next date

The Warsaw move put KGHM below its October 16, 2026 closing level, while its current valuation remains lower than the reported multiples of Rio Tinto and Freeport-McMoRan. The November reporting date is the next scheduled company event for investors tracking copper output, costs and investment plans.

At Lang & Schwarz, KGHM was trading at EUR 72.20 on October 19, 2026 at 4:11 p.m. CEST. On the Warsaw Stock Exchange, the stock stood at PLN 315.95, down 3.60 percent versus the prior close of October 16, 2026.

The further course of trading is shown by the continuously updated real-time quote of KGHM stock.