Thungela Resources (TGA) H1 2026 TU earnings summary

Executive summary

• EPS for the six months ended 30 June 2026 is expected between R10.75 and R11.10, up from R1.93 in the prior period, reflecting a significant increase of 457-475%.

• Headline EPS (HEPS) is expected between R4.60 and R4.95, up from R1.92, an increase of 140-158%.

• Earnings attributable to shareholders are projected between R1.3 billion and R1.4 billion; headline earnings between R580 million and R630 million.

• Results were impacted by volatile market conditions and a non-cash profit from the sale of the Kleinkopje mining right.

Financial highlights

• EPS increased by R8.82–R9.17 per share year-over-year.

• HEPS increased by R2.68–R3.03 per share year-over-year.

• Weighted average shares for the period: 126,976,527 (current) vs. 131,790,424 (prior).

Outlook and guidance

• Final EPS and HEPS figures are subject to finalization of key areas of judgement; any changes will be communicated.

• Financial results for the six months ended 30 June 2026 will be released on 17 August 2026.