Publication

2025 Annual Report

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Published on 9 Dec 2025

Trafigura publishes 2025 Annual Results

A resilient financial performance with net profit of USD2.7billion, reflecting the strength, scale and scope of our diversified business.

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Review by CEO Richard Holtum

"Our diversified business model, logistics capabilities and disciplined approach to capital allocation position us well to navigate ongoing volatility." 

Read the full CEO review for FY2025

Statement by Chairman Jeremy Weir

"The Board remains firmly focused on supporting long-term resilience."

Read the full Chairman’s statement for FY2025

Financial review by CFO Stephan Jansma

"Our robust financial position, strong risk management and diversified business model provide a firm foundation to navigate volatile markets."

Read the full financial review for FY2025

Marketplace review by Chief Economist Saad Rahim

"Structural thematic drivers such as the energy transition, AI expansion and the drive for greater energy, technology and military security all mean commodity demand remains well-supported for the coming years."

Read the full marketplace review
2025 Annual Report

Performance highlights

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$240.3bn
Group revenue

($243.2bn in 2024)

$8.2bn
Underlying EBITDA

($8.2bn in 2024)

$2.7bn
Net profit

($2.8bn in 2024)

$16.2bn
Group equity

($16.3bn in 2024)

$79.5bn
Total assets

($76.4bn in 2024)

$16.8bn
Total non-current assets

($17.3bn in 2024)

CEO Richard Holtum and CFO Stephan Jansma discuss the Group’s performance in FY2025.
Chief Economist Saad Rahim shares his perspective on the 2025 macroeconomic environment and outlook for 2026.