Revenue in the mining product segment amounted to €1,542 million in 2025. This represents a decrease of €127 million, or 7.6 %, compared with 2024.

The mining sector experienced a marked slowdown in 2025. Currency fluctuations, high energy costs, and increased market volatility influenced investment decisions in several key regions. In addition, shifts in global demand patterns and evolving competitive dynamics placed greater emphasis on efficiency and value for customers.

Despite these conditions, raw material production remained steady, underscoring the long-term resilience of the sector. Against this backdrop, Liebherr delivered a robust overall performance in 2025. Revenue in the European Union experienced a downturn; the same applied to non-EU countries. A decline was observed in North America, particularly in the USA. In contrast, the Central and South America region recorded an increase in revenue, with Chile among the strongest performers. Revenue dipped slightly in the Africa and the Near and Middle East region, as well as in Asia and Oceania. Nonetheless, deliveries in strategic markets could be maintained at high levels.

In 2025, Liebherr achieved major milestones in a number of its innovative mining solution projects. Chief among these was the complete trolley solution installed at the Collahuasi copper mine in northern Chile. Everything from the trolley infrastructure to the trolley-compatible fleet of T 284 trucks was supplied by Liebherr, representing a first for the product segment.

There was also a significant increase in the Australian T 264 truck fleet in 2025. A strong position was maintained within the mining excavator market, with steady deliveries throughout 2025 as well as continued growth in the dozer market with Liebherr’s flagship 70-tonne dozer, the PR 776. Considerable progress was made in developing autonomous and battery-electric solutions for Liebherr’s mining trucks, together with Fortescue. Development and validation of the T 264 Battery Electric truck continued, and the Autonomous Haulage Solution has moved from development and validation to the deployment phase.

To accommodate the expansion of Liebherr’s mining truck programme and increased demand for these machines, the Group invested heavily in its truck production facility in Newport News (VA/USA). The 9,383 m² facility expansion has increased the factory’s production capability by over 66 %.

Despite a slowing within the mining industry, Liebherr is cautiously optimistic about the trajectory in 2026. With positive growth in the area of mining solutions offered to customers, as well as uptake from the wider industry, Liebherr starts the current year in a reasonably strong position.