Exxaro Resources Limited

Reviewed condensed group interim financial statements and unreviewed production and sales volumes information for the six‑month period ended 30 June 2025

Glossary

  Adjusted Group Earnings Group adjusted net profit after tax (excluding SIOC adjusted equity-accounting income) less NCI of Exxaro subsidiaries (excluding NCI of Eyesizwe)
  Amakhala SPV Amakhala Emoyeni RE Project 1 (RF) Proprietary Limited
  API4 All publications index 4 (FOB Richards Bay 6000/kcal/kg)
  BEE Black economic empowerment
  BEE Parties External shareholders of Eyesizwe
  Black Mountain Black Mountain Mining Proprietary Limited
  bn billion
  Capex Capital expenditure
  Cennergi Cennergi Proprietary Limited group of companies
  Cennergi Holdings Cennergi Holdings Proprietary Limited
  Chifeng Chifeng NFC Zinc Co. Limited
  Companies Act Companies Act of South Africa No 71 of 2008, as amended
  cps Cents per share
  DCF Discounted cash flow
  DMPR Department of Mineral and Petroleum Resources
  EBITDA Net operating profit before interest, tax, depreciation, amortisation, impairment charges or impairment reversals and net losses or gains on the disposal of assets and investments (including translation differences recycled to profit or loss)
  ECC Exxaro Coal Central Proprietary Limited or ECC group of companies
  ECL(s) Expected credit loss(es)
  ESD Enterprise and supplier development
  ESG Environment, social and governance
  Exxaro Exxaro Resources Limited (the group or the company)
  Eyesizwe Eyesizwe (RF) Proprietary Limited, special purpose private company which has a 31.04% shareholding in Exxaro
  FerroAlloys Exxaro FerroAlloys Proprietary Limited
  FEC(s) Forward foreign exchange contract(s)
  Ferroland Ferroland Grondtrust Proprietary Limited
  FOB Free on board
  Financial close Date of notification that the financing parties were satisfied that the conditions precedent to the financing agreements were either fulfilled, waived or deferred
  FVOCI Fair value through other comprehensive income
  FVPL Fair value through profit or loss
  G7 G7 Renewable Energies Proprietary Limited
  GDP Gross domestic product
  GWh Gigawatt hour
  HEPS Headline earnings per share
  IAS International Accounting Standard(s)
  IASB International Accounting Standards Board
  IFRS International Financial Reporting Standard(s)
  JIBAR Johannesburg Interbank Average Rate
  JSE JSE Limited
  JV Joint venture
  KAM Karreebosch Asset Management Proprietary Limited
  Karreebosch Karreebosch Wind Farm
  Karreebosch SPV Karreebosch Wind Farm (RF) Proprietary Limited
  KPMG KPMG Inc.
  kt Kilo tonnes
  LoM Life of mine
  LSP Lephalale Solar Project
  LSP SPV Lephalale Solar (RF) Proprietary Limited
  LTIFR Lost-time injury frequency rate
  Mafube Mafube Coal Proprietary Limited
  MoU Memorandum of Understanding
  MSME(s) Micro, small, and medium enterprise(s)
  Mt Million tonnes
  MW Megawatt
  NCI(s) Non-controlling interest(s)
  OCI Other comprehensive income
  Operational EBITDA EBITDA from the Cennergi operating wind assets
  Prime Rate South African prime bank rate
  RBCT Richards Bay Coal Terminal Proprietary Limited
  Rbn Rand billion
  Rm Rand million
  RoM Run-of-mine
  SAICA South African Institute of Chartered Accountants
  SENS Stock Exchange News Service
  SIOC Sishen Iron Ore Company Proprietary Limited
  SSCC Semi-soft coking coal
  tCO2e/ktTTM Tonnes(t) of carbon dioxide (CO2) equivalent (e) per 1 000 total tonnes mined
  TFR Transnet Freight Rail
  Thungela Thungela Resources Limited, through its subsidiary South Africa Coal Operations Proprietary Limited
  Tsitsikamma SPV Tsitsikamma Community Wind Farm Proprietary Limited
  UK United Kingdom
  US United States of America
  US$ United States dollar
  VAT Value Added Tax
  WANOS Weighted average number of shares