)
Edge31 Oct 2025
Rolls-Royce: Full Thrust Ahead
From century-old crafted perfection to pandemic shock and reset, Rolls-Royce's story is shaped by heritage, turbulence, and a disciplined climb back.
Thungela Resources (TGA) investor relations material
Thungela Resources H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary18 Aug, 2025
Executive summary
Interim results reflect resilience amid geopolitical tensions, softer coal prices, and lower demand, with a focus on safety, ESG, and disciplined capital allocation.
Leadership transition underway, with Moses Madondo appointed as CEO designate.
Strategic projects at Elders and Zibulo North Shaft progressing on schedule and budget.
Acquisition of the remaining 15% in Ensham completed in February 2025, now holding 100% ownership; agreement to acquire remaining 27.5% in Sungela Holdings signed.
Returned 87% of adjusted operating free cash flow to shareholders, exceeding minimum policy.
Financial highlights
Revenue for H1 2025 was R14.8 billion, down 12% year-over-year, mainly due to lower coal prices and weaker US dollar.
Adjusted EBITDA was R691 million (margin 4.7%), down from R2.1 billion (13%) in H1 2024.
Net profit fell to R248 million (EPS R1.93), from R1.2 billion (EPS R9.52) year-over-year.
Net cash position at R6.3 billion as of 30 June 2025, after R1.2 billion in capital expenditure.
Total shareholder returns of R421 million (R2/share dividend and up to R140 million buyback), representing 87% of adjusted operating free cash flow.
Outlook and guidance
Full-year export saleable production guidance: South Africa 12.8–13.6Mt, Ensham 3.7–4.1Mt, with production weighted to H2.
FOB cost per export tonne (excl. royalties): South Africa R1,210–R1,290; Ensham R1,470–R1,580, both expected at the upper end.
Sustaining and expansionary capital spend to remain within guided ranges, with capital weighted to H2.
Continued focus on balance sheet flexibility and responsible capital allocation amid macro uncertainty.
Capital austerity measures in place; full-year capex expected at the lower end of guidance.
How will Ensham's geology affect 2025 production?
What's driving the TRCFR increase in South Africa?
What is the status of the Sungela Holdings acquisition?
Assess Ensham's contract structure for next year.
What is the long-term normalized production at Ensham?
Any expected TFR take-or-pay cash inflows?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Thungela Resources earnings date
H2 202516 Mar, 2026
Next Thungela Resources earnings date
H2 202516 Mar, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Thungela Resources Limited is a mining company engaged in the exploration, production, and export of thermal coal. The company operates a portfolio of coal assets, primarily serving power generation markets in South Africa and internationally. The company is headquartered in Johannesburg, South Africa, and its shares are listed on the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE).
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage