Tharisa (THA) Trading update summary

Financial performance guidance

• Basic EPS for the six months ended 31 March 2026 expected between US 15.3 and 15.8 cents, up 512.0% to 532.0% year-on-year.

• Headline EPS expected between US 16.1 and 16.6 cents, an increase of 455.2% to 472.4% from the prior year.

• Interim results for FY2026 to be released around 21 May 2026.

• Stronger commodity prices contributed to improved performance.

Strategic and operational highlights

• Focus on expansion and growth, including the Karo Platinum Project in Zimbabwe.

• Investments in downstream beneficiation and commercialisation of chrome and PGM alloys.

• Advancing proprietary iron-chromium redox flow battery technology for energy storage.

• Commitment to reducing carbon emissions by 30% by 2030 and achieving net carbon neutrality by 2050.