Description of Teck Resources Limited's Business Segments
The registrant reports two reportable segments to its President and Chief Executive Officer: copper and zinc. Corporate activities, which encompass initiatives in other commodities and groups providing administrative, technical, financial, and other support to the reportable segments, are not considered reportable segments and are included as a reconciliation to total consolidated results. Operating income (expense) – other includes general and administration, exploration, research and innovation, and other operating income (expense). Sales between segments are conducted on arm’s-length terms. Total assets exclude intra-group receivables between segments, and deferred tax assets have been allocated among segments. Following the sale of the steelmaking coal business in July 2024, the steelmaking coal segment is no longer presented as a reportable segment but is disclosed in Note 5(c), Transactions. Segment financial data for 2025 and 2024 are provided for copper, zinc, and corporate activities, including revenue, cost of sales, gross profit, operating income (expense) – other, profit (loss) from operations, finance income and expense, non-operating income (expense), share of profit (loss) of joint ventures and associates, profit (loss) from continuing operations before taxes, depreciation and amortization, capital expenditures, goodwill, and total assets.
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