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Extracts from the reviewed interim results for the period ended 30 June 2025 and interim cash dividend declaration
Kumba Iron Ore Limited
Registration number: 2005/015852/06
JSE share code: KIO
ISIN: ZAE000085346
Income tax number: 9586/481/15/3
(Kumba or the Company or the group)
EXTRACTS FROM THE REVIEWED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2025
AND INTERIM CASH DIVIDEND DECLARATION
KEY FEATURES
Purpose-led, values driven
- More than nine years fatality-free production at Sishen
- 9% reduction in energy consumption to 3.513 million gigajoules
- Women represent 30% of all employees
- Shared value of R25.9 billion created
Resilient financial performance
- Average realised FOB export price of US$91 per wet metric tonne (wmt^), 8% above benchmark
- Cost savings of R661 million
- Earnings before interest, tax, depreciation and amortisation (EBITDA*) margin of 46%
- Closing net cash* of R16.1 billion
Disciplined capital allocation
- Attributable free cash flow* of R7.9 billion
- Return on capital employed (ROCE) of 48%
- Interim cash dividend of R16.60 per share
* This constitutes pro forma financial information in terms of the Listings Requirements
of the Johannesburg Stock Exchange (JSE) Limited and should be read in conjunction with
the supplementary non-International Financial Reporting Standards financial measures on
page 32 of the interim financial statements.
^ Production and sales volumes, iron ore prices and C1 costs are reported in wmt. Kumba's
product has approximately 1.5% moisture.
Mpumi Zikalala, Chief Executive of Kumba, said: "In an environment characterised by global
economic uncertainty and market volatility, Kumba is positioned to continue delivering
stakeholder value. We have made progress on our strategy of safely and sustainably unlocking
value from our core assets, demonstrated by our consistent production, cost and capital
discipline. This, combined with higher sales volumes and the ability to earn additional
premium from our high-quality iron ore products contributed to EBITDA of R16.0 billion and
an EBITDA margin of 46%. Attributable free cash flow of R7.9 billion supported our Board's
decision to declare an interim cash dividend of R5.3 billion. Kumba created R25.9 billion of
enduring shared value of which our empowerment partners will receive R1.9 billion as we
continue to reimagine mining to improve people's lives."
REVENUE
for the period ended 30 June 30 June % 31 December
Rand million 2025 2024 change 2024
Revenue 34,535 35,802 (4) 68,529
EARNINGS PER SHARE
for the period ended 30 June 30 June % 31 December
Rand per share 2025 2024 change 2024
Earnings
Basic 22.17 22.27 - 45.81
Diluted 22.12 22.23 - 45.70
Headline earnings
Basic 22.26 22.27 - 38.94
Diluted 22.21 22.23 - 38.84
Dividend
Interim 16.60 18.77 (12) 18.77
Final n/a n/a - 19.90
SALIENT FEATURES AND OPERATING STATISTICS
for the period ended 30 June 30 June % 31 December
2025 2024 change 2024
Market information
Closing share price (Rand) 285 440 (35) 326
Market capitalisation (Rand million) 91,795 141,718 (35) 105,000
Net asset value attributable
to owners of Kumba (Rand per share) 165.37 158.84 4 163.98
Operating statistics ('000 tonnes)**
Production 18,247 18,459 (1) 35,731
Sishen 12,382 13,207 (6) 25,661
Kolomela 5,865 5,252 12 10,070
Total sales 18,708 18,089 3 36,251
Sishen mine free-on-rail unit cost
(Rand per dry metric tonne)
Unit cost 699.61 662.99 6 675.60
Cash cost 557.00 538.52 3 531.30
Kolomela mine free-on-rail unit cost
(Rand per dry metric tonne)
Unit cost 541.14 679.63 (20) 667.99
Cash cost 328.80 425.26 (23) 404.00
** Volumes are reported as wet metric tonnes. Product is shipped with approximately
1.5% moisture.
NOTICE OF INTERIM CASH DIVIDEND
On 28 July 2025, the directors approved a gross interim cash dividend of 1,660 cents per
share on the ordinary shares from profits accrued during the period ended 30 June 2025.
The dividend has been declared from income reserves.
The dividend will be subject to a dividend withholding tax of 20% for all shareholders
who are not exempt from or do not qualify for a reduced rate of withholding tax. The net
dividend payable to shareholders after withholding tax at a rate of 20% amounts to
1,328.00 cents per share.
The issued share capital at the declaration date is 322,085,974 ordinary shares.
The salient dates are as follows:
Publication of declaration data Tuesday, 29 July 2025
Last day for trading to qualify and participate
in the interim dividend Tuesday, 19 August 2025
Trading ex-dividend commences Wednesday, 20 August 2025
Record date Friday, 22 August 2025
Dividend payment date Monday, 25 August 2025
Share certificates may not be dematerialised or rematerialised between
Wednesday, 20 August 2025 and Friday, 22 August 2025, both days inclusive.
EXTRACTS FROM THE PROVISIONAL REVIEWED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2025
This unreviewed short-form announcement is the responsibility of the directors of the
Company. The information disclosed is only a summary of the information in the reviewed
interim results for the period ended 30 June 2025 (interim results) and does not contain
full or complete details.
The reviewed interim results should be considered for any investment decisions. The
reviewed interim results for Kumba have been made available via the JSE cloudlink at
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/KIO/KumbaInt25.pdf and on the
Company's website http://www.angloamericankumba.com/investors/financial-results-centre
The interim financial statements have been reviewed by the Company's auditors,
PricewaterhouseCoopers Inc. who issued an unmodified review opinion.
Copies of the reviewed interim results may be requested from the Company's investor
relations department (http://www.angloamericankumba.com/investors/shareholder-communication).
Any reference to future financial performance included in this announcement has not
been reviewed or reported on by the Company's external auditors.
Kumba Iron Ore Limited is a member of the Anglo American plc group.
Directors
Non-executive: TP Goodlace (British/South African) (Chairperson), MS Bomela,
RM Fernandes (Brazilian), MA Goliath, A Jeawon, MA Jenkins, NB Langa-Royds, NV Mokhesi,
SS Ntsaluba, MTS Walker (British)
Executive: ND Zikalala (Chief Executive), BA Mazarura (Zimbabwean) (Chief Financial Officer)
Registered office: 144 Oxford Road, Rosebank, Melrose, 2196, South Africa
Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Biermann Avenue, Rosebank, 2196, South Africa, Private Bag X9000, Saxonwold, 2132
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For more information please visit: http://www.angloamericankumba.com
29 July 2025
Date: 29-07-2025 07:05:00
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