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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Northam Platinum
Northam Platinum (NPH) investor relations material
Northam Platinum H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary28 Aug, 2026
Executive summary
Achieved record production of 938,754 oz 4E (up 4.4% YoY) and record sales volumes of 1,087,327 oz 4E (up 8.0% YoY), with significant operational improvements and expansion across all mines.
Advanced major projects, including Eland Mine development, Zondereinde 3 and 3a Shaft commissioning, and Booysendal South tailings dam expansion.
Launched Vision 2031, targeting 1.5 million oz PGM sales and over 2 million tonnes chrome by 2031.
Declared record dividends totaling ZAR 17 per share for the year.
Financial highlights
Revenue rose 64% year-over-year to ZAR 54 billion, driven by higher metal prices and sales volumes.
Gross profit reached ZAR 14.2 billion, EBITDA ZAR 16.7 billion (margin 30.9%), and net cash position at year-end.
Basic EPS and headline EPS hit record highs at ZAR 35 and ZAR 30, respectively.
Cash balance increased to ZAR 13.7 billion, with ZAR 2.7 billion net cash and undrawn banking facilities of ZAR 16 billion.
Cash flows from operating activities totaled ZAR 18.5 billion, with ZAR 5.9 billion spent on capital expenditure.
Outlook and guidance
FY2027 PGM production guidance: 960,000–970,000 oz 4E; sales to exceed 1.1 million oz; chrome sales to exceed 1.8 million tonnes.
CapEx forecasted at ZAR 7–7.5 billion, with similar annual levels expected for the next five years.
Vision 2031 aims for 1.5 million oz PGM sales and 2 million tonnes chrome, with modular, scalable expansion.
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Latest events from Northam Platinum
- Revenue up 60%, record profit, zero fatalities, and record interim dividend declared.NPH
H1 2026 - Record PGM output, rising revenue, but lower margins and higher capex amid tight market conditions.NPHH2 2025
- Record output and cost discipline offset weak PGM prices, but margins declined.NPHH2 2024
- Revenue and profit fell as weak PGM prices offset production gains; liquidity and capex strong.NPHH1 2025
Next Northam Platinum earnings date
H1 202726 Feb, 2027
Northam Platinum
Next Northam Platinum earnings date
H1 202726 Feb, 2027
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Frequently asked questions
Northam Platinum Holdings Limited is a South Africa-based mining company focused on the exploration, extraction, and processing of platinum group metals (PGMs), including platinum, palladium, and rhodium. The company operates a portfolio of mines and processing facilities across South Africa, producing PGMs for use in automotive, industrial, and jewelry sectors. Northam Platinum is committed to sustainable mining practices and seeks to expand its resource base through both operational development and acquisitions within the PGM sector. The company is headquartered in Johannesburg, South Africa, and its shares are listed on the Johannesburg Stock Exchange.