Key highlights
Group financial performance
Revenue
R41.8 billion
up 3%
EBITDA
R10.2 billion
down 2%
Attributable earnings
R31.78 per share
down 14 cents per share
Cash generated by operations
R10.0 billion
down 4%
Final dividend
R10 per share
up 15%
Headline earnings per share
R32.47 per share
up 8%
Sustainability
LTIFR of 0.04, improved by 33%
40 consecutive months without a fatality
R1.7 billion social investments
Operational performance
Coal production
39.9Mt
up 1%
Coal export sales
7.1Mt
up 2%
Coal sales
39.6Mt
up 1%
Coal cash cost per tonne
R653 per tonne
up 2%
Achieved
96%
export coal price realisation of the average API4 price
Energy generation
703GWh
down 3%
Energy plant availability
98%
up 2%
Energy Operational wind assets EBITDA margin
79%
Strategy execution
Added manganese to our diversified natural resources portfolio following successful closure on 27 February 2026
Divestment from FerroAlloys on 31 October 2025
Leeuwpan turnaround strategy progressing well
Matla LoM project well ahead of schedule with coal production from the new shaft
Construction of the 140MW Karreebosch project is advancing with commercial operation expected in 1H27
Commissioned the 68MW Lephalale solar plant supplying our Grootegeluk mine
Competition Tribunal approval received for the acquisition of the 138MW Gouda windfarm and 75MW Sishen solar plant, closing anticipated in 1H26
Cennergi selected as joint preferred bidder for the 240MW Corona solar project
Revised dividend policy reinforces commitment to superior shareholder returns
Value distribution (Rm)
Salaries, wages and benefits
Employees' tax
Payments to government:taxation contribution
Cost of financing
Cash dividend paid
Dividend paid to NCI
Community investments and volunteerism
GreenShare employee scheme