Jupiter Mines (JMS) H1 2026 earnings summary

Executive summary

• Principal activities focused on investment in Tshipi manganese mine (South Africa) and manganese ore sales.

• Strategic progress included logistics improvements, sustainability initiatives, and ongoing studies into battery-grade manganese production.

• Exxaro Resources to acquire 50.1% of Tshipi and 19.99% of Jupiter, with transaction completion expected 27 February 2026.

Financial highlights

• Consolidated net profit after tax for HY2026 was $16.2 million, up from $14.0 million in HY2025.

• Revenue was $4.34 million, nearly flat year-over-year.

• Earnings per share increased to $0.0082 from $0.0071.

• Cash at 31 December 2025 was $11.4 million, down from $13.2 million at 30 June 2025.

• Dividend of $0.0075 per share paid, totaling $14.7 million (prior year: $0.0025 per share, $4.9 million).

Outlook and guidance

• Sales volumes on target to meet annual business plan.

• Future production increases at Tshipi to be aligned with market conditions.

• Interim dividend decision deferred to March 2026, post-Exxaro transaction.