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Thungela Resources (TGA) investor relations material
Thungela Resources H2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Loss per share for 2025 expected between R(53.50) and R(56.00), down from earnings per share of R26.76 in 2024.
Headline loss per share expected between R(5.50) and R(7.50), compared to headline earnings per share of R25.59 in 2024.
Loss attributable to shareholders projected between R(7.0 billion) and R(7.3 billion); headline loss between R(0.7 billion) and R(1.0 billion).
Results driven by R8.8 billion in impairment losses due to lower coal price outlook and stronger local currencies.
Financial highlights
Seaborne thermal coal prices fell: Richards Bay Benchmark down 15%, Newcastle Benchmark down 22% year-over-year.
Weighted average shares for 2025: 129,655,457; for 2024: 134,238,447.
Deferred tax assets of R1.1 billion not recognized, further reducing earnings and headline earnings.
Outlook and guidance
Medium-term outlook for seaborne thermal coal prices remains soft due to oversupply and weak demand.
Financial results for 2025 to be released on 23 March 2026.
- Net profit dropped sharply, but cash returns and investment remained strong.TGA
H1 202513 Feb 2026 - All AGM resolutions passed except remuneration policy implementation, prompting further review.TGA
AGM 20253 Feb 2026 - Net profit down on lower coal prices, but production, safety, and shareholder returns improved.TGA
H1 20241 Feb 2026 - Resilient results, strong shareholder returns, and strategic progress marked the AGM, with most resolutions passed.TGA
AGM 202431 Jan 2026 - Exceeded production guidance, strong cash flow, and improved logistics drive positive outlook.TGA
Investor Update11 Jan 2026 - Net profit fell to R3.5bn as coal prices softened, but export volumes and returns remained strong.TGA
H2 20246 Jan 2026 - Production outperformed guidance, margins pressured, asset sales and cash remain strong.TGA
Trading Update9 Dec 2025 - South African output rose and rail improved, but Australian volumes and prices fell.TGA
Trading Update13 Nov 2025 - Thungela forecasts a significant year-on-year drop in 2024 earnings and headline earnings.TGA
Trading Update 20246 Jun 2025
Next Thungela Resources earnings date
Next Thungela Resources earnings date
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