Table 2.7
Codelco: Key Corporate Performance Indicators
Unit: Units according to indicator · Cochilco, Anuario Cochilco 2025 · 2000 to 2025
| Series | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic and Financial Indicators (2) | ||||||||||||||||||||||||||
| Sales revenueUS$ Mn. | 3,610 | 3,588 | 3,490 | 3,782 | 8,204 | 10,491 | 17,077 | 16,988 | 14,425 | 12,379 | 16,066 | 17,515 | 15,860 | 14,956 | 13,827 | 11,693 | 11,537 | 14,642 | 14,309 | 12,525 | 14,173 | 21,025 | 17,018 | 16,393 | 16,993 | 19,608 |
| Operating incomeUS$ Mn. | 833 | 529 | 543 | 804 | 3,512 | 5,428 | 9,467 | 8,615 | 5,230 | 4,370 | 6,572 | 6,769 | 4,696 | 3,672 | 3,255 | 1,401 | 1,660 | 3,823 | 2,631 | 2,047 | 3,201 | 8,370 | 4,214 | 2,550 | 3,551 | 5,238 |
| Earnings before taxesUS$ Mn. | 753 | 412 | 369 | 606 | 3,301 | 4,897 | 9,212 | 8,460 | 4,970 | 3,947 | 5,799 | 7,033 | 7,806 | 3,889 | 3,033 | -2,191 | 435 | 2,915 | 1,655 | 1,343 | 2,092 | 7,478 | 2,769 | 499 | 2,212 | 6,411 |
| Net incomeUS$ Mn. | 205 | 26 | 48 | 89 | 1,134 | 1,780 | 3,339 | 2,982 | 1,567 | 1,174 | 1,876 | 2,055 | 3,990 | 1,115 | 711 | -2,328 | -334 | 624 | 190 | 15 | 257 | 2,051 | 362 | -591 | 245 | 2,423 |
| Total assetsUS$ Mn. | 5,819 | 6,120 | 6,733 | 8,092 | 8,833 | 10,739 | 13,033 | 15,186 | 13,707 | 18,254 | 20,279 | 20,614 | 31,660 | 33,355 | 35,257 | 33,305 | 33,421 | 36,356 | 37,091 | 40,345 | 42,210 | 43,057 | 44,737 | 46,876 | 49,701 | 58,535 |
| Leverage (Liabilities/Total assets)% | 52.3 | 55.9 | 59.4 | 65.1 | 67.5 | 72.6 | 65.3 | 68.8 | 71.7 | 75.7 | 77.7 | 71 | 61.5 | 62.8 | 67.3 | 70.8 | 70.4 | 69.9 | 69.4 | 71.2 | 72.5 | 73.1 | 73.9 | 76.4 | 77.3 | 76.9 |
| Financial debt (Banks and bonds)US$ Mn. | 1,376 | 1,498 | 1,992 | 2,819 | 2,917 | 3,706 | 3,920 | 4,354 | 4,749 | 4,668 | 6,346 | 7,049 | 9,903 | 11,825 | 13,635 | 14,831 | 14,914 | 14,710 | 15,258 | 17,264 | 18,077 | 17,242 | 16,958 | 20,198 | 22,723 | 25,834 |
| Return on assets before taxes (average)% | 12.9 | 6.9 | 5.7 | 8.2 | 39 | 50 | 77.5 | 60 | 34.4 | 24.7 | 30.1 | 34.4 | 29.9 | 12 | 8.8 | -6.4 | 1.3 | 8.4 | 4.5 | 3.5 | 5.1 | 17.5 | 6.3 | 1.1 | 4.6 | 11.8 |
| Return on equity before taxes (average)% | 27.1 | 15.1 | 13.6 | 21.8 | 115.9 | 168.5 | 246.8 | 182.7 | 115.4 | 95 | 129.5 | 134 | 85.9 | 31.6 | 25.3 | -20.6 | 4.4 | 28 | 14.8 | 11.7 | 18 | 64.5 | 23.8 | 4.4 | 19.8 | 51.7 |
| Payments to Public Treasury (Taxes and dividends) (3)US$ Mn. | 695 | 362 | 303 | 642 | 2,893 | 4,385 | 8,278 | 7,858 | 6,741 | 2,966 | 5,992 | 5,952 | 4,097 | 2,861 | 2,229 | 1,114 | 942 | 1,367 | 1,806 | 999 | 1,293 | 5,562 | 2,297 | 1,418 | 1,536 | 1,790 |
| Investment (Cash Flow from Additions to Fixed Assets)US$ Mn. | 485 | 586 | 844 | 895 | 893 | 1,845 | 1,219 | 1,605 | 1,975 | 1,681 | 2,309 | 2,252 | 3,687 | 4,437 | 3,800 | 4,261 | 3,014 | 3,411 | 3,894 | 4,102 | 2,383 | 2,822 | 3,480 | 4,369 | 4,792 | 5,073 |
| Operational Indicators (4) | ||||||||||||||||||||||||||
| Own copper production (excluding equity participation in other companies)kMTF | 1,516 | 1,592 | 1,520 | 1,563 | 1,733 | 1,728 | 1,676 | 1,583 | 1,466 | 1,702 | 1,689 | 1,735 | 1,647 | 1,621.7 | 1,671.8 | 1,731.7 | 1,707 | 1,734 | 1,678 | 1,588 | 1,618 | 1,618 | 1,446 | 1,325 | 1,328 | 1,307 |
| Average Copper Grade of Processed Ore% | 1.02 | 0.97 | 0.91 | 0.91 | 0.94 | 0.9 | 0.95 | 0.89 | 0.78 | 0.83 | 0.85 | 0.82 | 0.77 | 0.78 | 0.78 | 0.77 | 0.71 | 0.71 | 0.67 | 0.68 | 0.69 | 0.71 | 0.66 | 0.64 | 0.64 | 0.63 |
| Molybdenum ProductionkMTF | 24.9 | 24.2 | 19.9 | 23.2 | 32.3 | 36.6 | 27.2 | 27.9 | 21 | 21.6 | 21.7 | 23.1 | 19.7 | 23 | 30.6 | 27.7 | 30.6 | 28.7 | 24 | 22.4 | 27.9 | 21 | 20.5 | 17.3 | 16.1 | 15.1 |
| Total Copper Production Cost (5)US$¢/lb | 65.3 | 61.7 | 65.6 | 73.5 | 81.3 | 97.8 | 115.6 | 142.3 | 178 | 157.8 | 197.6 | 205.6 | 264.5 | 231.5 | 230.6 | 203 | 214.6 | 227.2 | 245.1 | 233.5 | 241.8 | 254.3 | 310.9 | 365.7 | 354.5 | 412.4 |
| Net Cathode Cost C3 (6)US$¢/lb | 60.9 | 58.1 | 60.3 | 65.4 | 55.7 | 38.1 | 68.4 | 86.7 | 119.6 | 138.6 | 171.7 | 171.6 | 241.7 | 217 | 213.3 | 196.9 | 204.1 | 218.1 | 230.5 | 224.1 | 229.8 | 230.7 | 282.5 | 335.1 | 328.4 | 378.4 |
| Direct Cathode Cost - Cash Cost C1(since 2008) (7)US$¢/lb | 43.7 | 40.7 | 40.9 | 42.7 | 31.7 | 11.6 | 37.4 | 51 | 70.2 | 92.9 | 104.4 | 116.4 | 163.5 | 163.1 | 150.4 | 138.7 | 126.1 | 135.9 | 139.1 | 141.6 | 129.4 | 132.7 | 165.4 | 203.1 | 199.1 | 211.7 |
| Own Workforce (At Year-End)No. | 17,349 | 17,166 | 16,906 | 16,595 | 16,778 | 17,880 | 17,936 | 18,211 | 19,300 | 19,359 | 19,347 | 18,247 | 19,019 | 19,242 | 19,073 | 19,117 | 18,605 | 18,562 | 18,036 | 16,726 | 15,267 | 15,609 | 15,973 | 15,673 | 15,831 | 15,739 |
| Operating contractors (At Year-End)No. | 10,786 | 13,773 | 14,140 | 17,614 | 19,929 | 24,951 | 24,028 | 26,210 | 23,171 | 22,602 | 23,138 | 29,108 | 28,360 | 26,523 | 26,562 | 23,098 | 21,357 | 20,623 | 19,871 | 19,946 | 18,770 | 19,713 | 20,265 | 21,876 | 23,878 | 24,039 |
| Investment contractors (At Year-End)No. | 5,410 | 5,346 | 12,450 | 9,320 | 8,683 | 12,601 | 8,620 | 17,079 | 15,627 | 24,556 | 18,103 | 15,956 | 27,347 | 21,214 | 18,778 | 23,250 | 25,741 | 24,965 | 27,157 | 32,672 | 16,447 | 19,468 | 26,862 | 34,085 | 35,686 | 37,040 |
Notes of the table
- (1) Las cifras financieras y de costos están expresadas en moneda de cada año / Financial and cost figures are expressed in current-year US dollars
- (2) Valores según Estados Financieros Consolidados; desde 2009, bajo Normas Internacionales de Información Financiera (IFRS) / Values per Consolidated Financial Statements; since 2009, under IFRS
- (3) Comprenden: Impuestos a la Renta (1a Categoría, Adicional 40% empresas públicas y Específico a la Minería), Impuesto Ley Reservada 13.196 y Dividendos informados por Codelco; no se incluyen Otros Impuestos (Derechos de aduana y otros)./ Include: Income Taxes (corporate, 40% additional for State-owned companies, and specific mining tax), taxes payable under Law 13,196 and dividends reported by Codelco; not included other taxes (Customs and other duties).
- (4) Las cifras de producción informadas en las memorias anuales de Codelco pueden diferir de aquellas obtenidas a partir de los reportes mensuales de producción utilizados para elaborar las tablas de producción de esta base de datos. Estas diferencias pueden deberse a ajustes, criterios de consolidación o cierres de información aplicados por la compañía. / Production figures reported in Codelco’s annual reports may differ from those obtained from the monthly production reports used to prepare the production tables in this database. These differences may be due to adjustments, consolidation criteria or information closing procedures applied by the company.
- (5) Total de costos contables. Costo unitario según cobre fino contenido en la cartera de productos, puesta en puerto de origen (FOB). / Total accounting costs. Unit costs per refined copper content in product portfolio (FOB).
- (6) Costo total, agregando los costos de transformar toda la cartera a cátodos, puesta en puerto de destino (CIF), y deduciendo créditos por venta de subproductos. Costo unitario según cobre pagable. / CIF cost of processing entire portfolio into cathodes minus credit for byproduct sales. Unit cost per payable copper.
- (7) Costo neto a cátodo, menos depreciación y amortización, gastos financieros, gastos de Casa Matriz, y gastos no operacionales. / Net cathode cost minus depreciation and amortization, financial costs, HQ overhead, and non-operating expenses.
Source stated in the table
Elaborado por la Comisión Chilena del Cobre (COCHILCO), sobre la base de información pública de Codelco-Chile (memorias anuales, FECUs, estados financieros, presentaciones e informes públicos) y de la Dirección de Presupuestos (DIPRES) / Prepared by the Chilean Copper Commission (COCHILCO), based on public information from Codelco-Chile (annual reports, FECUs, financial statements, presentations and public reports) and the Budget Office (DIPRES)
Source: Chilean Copper Commission (Cochilco), Cochilco, Anuario Cochilco 2025 (XLSX), 2026. Read on Oct 6, 2026.
n.d.: no data · n.a.: not applicable · “< 1”: less than one unit.