Exxaro Resources Limited

Reviewed condensed group interim financial statements and unreviewed production and sales volumes information for the six‑month period ended 30 June 2026

Glossary

Acciona Energia

Acciona Energia Internacional, SA

Adjusted Group Earnings

Group adjusted net profit after tax (excluding SIOC adjusted equity-accounting income) less NCI of Exxaro subsidiaries (excluding NCI of Eyesizwe)

AEPS

Attributable earnings per share

Amakhala SPV

Amakhala Emoyeni RE Project 1 (RF) Proprietary Limited

AMSA

Arcelor Mittal SA Limited

API4

All publications index 4 (FOB Richards Bay 6000/kcal/kg)

Artika

Artika Resources Proprietary Limited

AUD

Australian dollar

bn

billion

BEE

Black economic empowerment

BEE Parties

External shareholders of Eyesizwe

Black Mountain

Black Mountain Mining Proprietary Limited

Capex

Capital expenditure

CAS

Credit adjustment spread

Cennergi

Exxaro's branded energy business

Cennergi Holdings

Cennergi Holdings Proprietary Limited

CIF

Cost, insurance and freight

CFR

Cost and freight

Chifeng

Chifeng NFC Zinc Co. Limited

COD

Commercial operation date

Companies Act

Companies Act of South Africa No 71 of 2008, as amended

CPI

Consumer price index

DCF

Discounted cash flow

DMPR

Department of Mineral and Petroleum Resources

dmtu

Dry metric tonne unit

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)

ECL(s)

Expected credit loss(es)

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 31.47% shareholding in Exxaro

FerroAlloys

Exxaro FerroAlloys Proprietary Limited

FEC(s)

Forward foreign exchange contract(s)

Ferroland

Ferroland Grondtrust Proprietary Limited

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

FOB

Free on board

FVOCI

Fair value through other comprehensive income

FVPL

Fair value through profit or loss

GDP

Gross domestic product

GJ

gigajoule(s)

GJ/kt

GJ per kilotonne

GWh

Gigawatt hour(s)

HEPS

Headline earnings per share

Hotazel

Hotazel Manganese Mines Proprietary Limited

IAS

International Accounting Standard(s)

IASB

International Accounting Standards Board

IFRS(s)

International Financial Reporting Standard(s) (as issued by the IASB)

IWUL

Integrated Water Use Licence

Insect Technology

Insect Technology Group Holdings UK Limited

JIBAR

Johannesburg Interbank Average Rate

JSE

JSE Limited

Jupiter Mines

Jupiter Mines Limited

Karreebosch

Karreebosch Wind Farm

Karreebosch SPV

Karreebosch Wind Farm (RF) Proprietary Limited

KPMG

KPMG Inc.

kt

Kilo tonne(s)

Limeng

Limeng International Trading (Tianjin) Co Limited

Listings Requirements

JSE Listings Requirements

LoM

Life of mine

LSP

Lephalale Solar Project

LSP SPV

Lephalale Solar (RF) Proprietary Limited

L/tRoM

Litres per tonne of run of mine

LTIFR

Lost-time injury frequency rate

Mafube

Mafube Coal Proprietary Limited

ManganExx

ManganExx Proprietary Limited

Mn

Manganese

Mt

Million tonne(s)

MW

Megawatt(s)

NCI(s)

Non-controlling interest(s)

NMT

Ntsimbintle Marketing and Trading Pte Limited, subsequently renamed Exxaro Manganese Marketing and Trading Pte Limited

Ntsimbintle Holdings

Ntsimbintle Holdings Proprietary Limited

Ntsimbintle Mining

Ntsimbintle Mining Proprietary Limited, subsequently renamed Exxaro Manganese Mining Proprietary Limited

NU

Ntsimbintle Ukhuweba Proprietary Limited, subsequently renamed Exxaro Manganese Ukhuweba Proprietary Limited

OCI

Other comprehensive income

OMH

OMH (Mauritius) Corp

Operational EBITDA

EIBTDA from the Amakhala SPV and Tsitsikamma SPV operating wind assets as well as LSP SPV operating solar asset

Prime Rate

South African prime bank rate

RBCT

Richards Bay Coal Terminal Proprietary Limited

Rbn

Rand billion

REIPPP

Renewable Energy Independent Power Producer Procurement Programme

Rm

Rand million

ROCE

Return on capital employed

RoM

Run of Mine

Safika

Safika Resources Proprietary Limited

SAICA

South African Institute of Chartered Accountants

SENS

Securities Exchange News Service

SIOC

Sishen Iron Ore Company Proprietary Limited

SPV

Special Purpose Vehicle

SMME(s)

Small, medium and micro-enterprise(s)

SPA(s)

Sale and purchase agreement(s)

SSCC

Semi-soft coking coal

tCO2e/kTTM

Tonnes(t) of carbon dioxide (CO2) equivalent (e) per 1 000 total tonnes mined (TTM)

TFR

Transnet Freight Rail, a division of Transnet SOC Limited

Thungela

Thungela Resources Limited, through its subsidiary South Africa Coal Operations Proprietary Limited

Tshipi

Tshipi é Ntle Manganese Mining Proprietary Limited

Tsitsikamma SPV

Tsitsikamma Community Wind Farm Proprietary Limited

US

United States of America

US$

United States dollar

VAT

Value Added Tax

WANOS

Weighted average number of shares

ZARONIA

South African Rand Overnight Index Average