Compare the letter forms and cut locations to Klim's Karbon Slab Stencil Bold:

https://klim.co.nz/retail-fonts/karbon-slab-stencil/
If you increase the weight of the font and fill in some of the cuts you would have a fairly good match.
Don

This lettering comes from The Guardian. I'm pretty convinced this is a stencil version of their Egyptian Headline. As alternative, you might like Stag Stencil, also designed by Christian Schwartz.

Hi Ryuk, thanks for finding that this lettering comes from The Guardian.
Guardian Egyptian Headline Black does indeed seem a fit if edited using the model in Karbon slab:

Don