Anglo American PLC (OTC:NGLOY) Surpasses Earnings Expectations and Plans Merger with Teck Resources

Font: Financial Modeling Prep  • Feb 20, 2026

• Earnings per share of $0.28, beating estimates and showcasing strong operational performance.
• Announcement of a proposed merger with Teck Resources, aiming to create a global leader in critical minerals.
• Financial health indicators such as a debt-to-equity ratio of 0.88 and a current ratio of 2.31, indicating a moderate level of debt and a strong ability to cover short-term liabilities.

Anglo American PLC, trading under the symbol NGLOY on the OTC exchange, is a global mining company with a diverse portfolio that includes copper, iron ore, and diamonds. The company competes with other major mining firms like BHP and Rio Tinto. On February 20, 2026, NGLOY reported earnings per share of $0.28, surpassing the estimated $0.26, and revenue of approximately $10.89 billion, which was in line with expectations.

Following the earnings announcement, NGLOY shares saw an increase, supported by a modest rise in 2025 underlying EBITDA from continuing operations, reaching $6.4 billion. The company achieved $1.8 billion in run-rate cost savings, driven by strong performances in copper and premium iron ore, which helped offset a decline at De Beers. This financial performance aligns with the company's strategic focus on operational excellence and cost management.

Anglo American is positioning itself for a proposed merger with Canada's Teck Resources, aiming to create a global leader in critical minerals, Anglo Teck. Chief Executive Duncan Wanblad expressed satisfaction with the company's strong operational and cost performance, describing 2025 as a transformational year. The merger is expected to enhance the company's market position and unlock substantial value.

Teck Resources, based in Vancouver, also reported strong performance in the fourth quarter of 2025, with adjusted earnings of C$1.37 per share, exceeding consensus estimates. The company's revenue for the quarter was approximately C$2.79 billion, driven by higher copper prices and increased by-product revenue. This growth supports the strategic merger with Anglo American, further strengthening their market position.

NGLOY's price-to-sales ratio of 2.68 suggests investors are willing to pay $2.68 for every dollar of sales. The enterprise value to sales ratio is 3.19, and the enterprise value to operating cash flow ratio is 11.55, reflecting the company's valuation in relation to its cash flow. The debt-to-equity ratio of 0.88 indicates a moderate level of debt, while a current ratio of 2.31 suggests a strong ability to cover short-term liabilities.