Kumba Iron Ore (KIO) Q2 2026 TU earnings summary

Executive summary

• Operational performance remained resilient despite severe rainfall, with total production down 3% due to weather and planned lower output at Kolomela.

• Sales volumes declined 1%, mainly from a planned 10-day logistics maintenance shutdown.

Financial highlights

• EBITDA expected between R10,433m and R11,194m, down 30–35% year-over-year from R15,991m.

• Headline earnings projected at R4,063m–R4,360m, a 39–43% decrease year-over-year.

• Headline earnings per share (HEPS) expected at R12.68–R13.61, down 39–43% year-over-year.

• Basic earnings forecast at R3,975m–R4,265m, a 40–44% decline year-over-year.

• Basic EPS expected at R12.41–R13.31, down 40–44% year-over-year.

Outlook and guidance

• Forward-looking statements highlight ongoing operational and market uncertainties.