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16 September 2026

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15 September 2026

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2026 results overview

Financial highlights

NET REVENUE

$226.6m

(FY2025: $104.2m)

ADJUSTED GROUP EBITDA

$114.2m

(FY2025: $29.3m)

BASIC EPS

25.66c

(FY2025: 7.73c)

CASH BALANCE

$67.2m

(FY2025: $60.9m)

ANNUAL DIVIDEND

6p per ordinary share

(FY2026: 2p Interim Dividend, 4p Final Dividend)
(FY2025: 0.75p Interim Dividend, 2p Final Dividend)

Operational highlights

4E and 6E PGM PRODUCTION

95,885oz (4E) / 122,460oz (6E)

(FY2025: 81,002oz 4E / 104,233oz 6E)

CHROME

50,317t

(FY2025: N/A)

GROUP CASH COST/PER 4E PGM

$977/oz

(FY2025: $912/oz)

PGM 4E BASKET PRICE

$2,404/oz

(FY2025: 1,507/oz)

OUR BUSINESS

Operations

The Sylvania Dump Operations (SDOs) are chrome beneficiation and PGM processing plants, treating a combination of ROM and current and historical chrome tailings at host mine-sites. Transformational Thaba JV will comprises of chrome beneficiation and PGM processing plants, treating a combination of ROM and historical chrome tailings.

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Exploration assets

Volspruit is a shallow PGE-Ni-Cu deposit located at the Southern end of the Northern Limb of the Bushveld Complex. The Far Northern Limb Projects include two contiguous PGE-Ni-Cu projects, Aurora and Hacra, located at the extreme northern end of the Northern Limb of the Bushveld Igneous Complex.

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