Teck Resources Non-GAAP EPS of C$0.76, revenue of C$3.38B; reaffirms FY outlook

* Teck Resources press release [https://seekingalpha.com/pr/20274692-teck-reports-unaudited-third-quarter-results-for-2025] (NYSE:TECK [https://seekingalpha.com/symbol/TECK]): Q3 Non-GAAP EPS of C$0.76.
* Revenue of C$3.38B (+18.2% Y/Y).
* Adjusted EBITDA of C$1.2 billion in Q3 2025 was C$185 million higher than the same period last year.
* Strong balance sheet provides resilience to market uncertainty, with liquidity as at October 21, 2025 of C$9.5 billion, including C$5.3 billion of cash.
* Copper sales of 110,300 tonnes in Q3 2025 were similar to year ago.
* "THERE HAVE BEEN NO CHANGES TO OUR GUIDANCE DISCLOSED ON OCTOBER 7, 2025."
* "OUR GUIDANCE IS OUTLINED IN SUMMARY BELOW and our usual guidance tables, including three-year production guidance, can be found on pages 28–31 of Teck’s third quarter results for 2025 at the link below."

2025 GUIDANCE – SUMMARY
CURRENT

Production Guidance

Copper (000’s tonnes)
415 – 465

Zinc (000’s tonnes)
525 – 575

Refined zinc (000’s tonnes)
190 – 230

Sales Guidance –Q42025

Red Dog zinc in concentrate sales (000’s tonnes)
125 – 140

Unit Cost Guidance

Copper net cash unit costs (US$/lb.)1
2.05 – 2.30

Zinc net cash unit costs (US$/lb.)1
0.45 – 0.55

*

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* Teck Resources Limited (TECK.B:CA) Q4 2025 Guidance Call Transcript [https://seekingalpha.com/article/4828555-teck-resources-limited-teck-b-ca-q4-2025-guidance-call-transcript]
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