Thungela Resources (TGA) Trading Update 2024 summary

Expected financial performance

• EPS for 2024 is projected between R25.00 and R27.50, down R10.16–R12.66 from 2023, representing a 27–34% decrease.

• Attributable earnings are expected between R3.4 billion and R3.7 billion for 2024.

• HEPS is anticipated between R24.00 and R26.50, a decrease of R8.47–R10.97 per share, or 24–31% year-on-year.

• Headline earnings are forecasted at R3.2 billion to R3.5 billion for the period.

• EPS and HEPS calculations are based on a weighted average of 134,238,447 shares for 2024.

Reporting and communication

• Final results for the year ended 31 December 2024 will be released on 17 March 2025.

• Results will be published on the JSE and LSE news services, with an investor webinar and conference call scheduled the same day.

• The live webinar and call will begin at 12:00 SAST (10:00 GMT), with registration links provided.

Methodology and compliance

• HEPS is determined in accordance with SAICA Circular 1/2023, adjusting for specific remeasurements.

• Key areas of judgement affecting EPS and HEPS are being finalized; any changes will be communicated.

• The trading statement has not been reviewed by external auditors.