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Zimplats (ZIM) investor relations material
Zimplats Q4 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Recorded one lost-time injury, with ongoing focus on safety and zero-harm initiatives.
Mined volumes increased 1% sequentially and 4% year-over-year, supported by improved equipment availability.
Milled volumes rose 9% from the prior quarter and 6% year-over-year, reflecting higher mining volumes and stable plant operations.
6E metal in final product surged 179% sequentially and 14% year-over-year, driven by processing accumulated concentrate inventory.
Financial highlights
Total operating cash costs increased 25% from the prior quarter and 51% year-over-year, mainly due to higher production volumes and discretionary maintenance spend.
Operating cash cost per 6E ounce decreased 13% sequentially but was 38% higher year-over-year.
Outlook and guidance
Major furnace maintenance scheduled for September and October 2026 will lead to further concentrate inventory buildup, planned for release by end of Q3 FY2027.
Mupani Mine development remains on track for full-scale production by FY2029.
45MW Phase 2A solar project progressing on schedule, targeting completion in FY2027 to increase total solar capacity to 80MW.
- Final metal output plunged on smelter downtime, raising costs, while key projects advanced.ZIM
Q3 2026 TU - Production up, profit down as PGM prices fell; major projects and cost controls advanced.ZIM
H2 2024 - Revenue up 8% to US$826.6m, profit after tax US$40.5m, major projects commissioned.ZIM
H2 2025 - Net profit surged 3,376% year-over-year on strong metal prices and higher sales volumes.ZIM
H1 2026 - 6E metal output dropped 24% on higher costs, while major expansion projects advanced.ZIM
Q1 2026 TU - 6E head grade and mined volumes rose, but final product output fell amid smelter ramp-up.ZIM
Q1 2025 - Operating cash costs fell 4% year-over-year as production and capital projects progressed.ZIM
Q4 2024 - Profit rebounded to US$4.1m on higher metal prices despite lower sales volumes and revenue.ZIM
H1 2025 - Production volumes fell and costs rose, but key capital projects advanced on schedule.ZIM
Q3 2025 TU
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