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Trading Statement in Respect of the Financial Year Ended 30 June 2026
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM” or “the Company”)
TRADING STATEMENT IN RESPECT OF THE FINANCIAL YEAR ENDED 30 JUNE 2026 (F2026)
In terms of paragraph 6.26(a) of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it is reasonably certain that the financial results
for the period to be reported on next will differ by at least 20% from those of the previous
corresponding period.
Headline earnings for F2026 are expected to increase by between 12% and 22% compared to the
corresponding financial year ended 30 June 2025 (F2025) to between R3 018 million and
R3 288 million (F2025: R2 695 million). Headline earnings per share for F2026 are therefore
expected to increase to between 1 544 and 1 682 cents (F2025: 1 379 cents). The increase in
headline earnings was primarily driven by higher US dollar platinum group metals (PGM) basket
prices, partially offset by lower average realised rand iron ore prices, reflecting the strengthening of
the rand against US dollar.
Basic earnings for F2026 are expected to increase by between 1 105% and 1 115% to between
R3 977 million and R4 010 million (F2025: R330 million) while basic earnings per share for F2026
are expected to increase by between 1 120% and 1 130% to between 2 062 and 2 079 cents
(F2025: 169 cents). Basic earnings for F2026 includes a profit on disposal of ARM's investment in
Sakura of R241 million and a gain of R462 million on the remeasurement of ARM's pre-existing 50%
interest in Nkomati. F2025 included an impairment loss on property, plant and equipment at Bokoni
Mine of R2 209 million, with no tax effect.
The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s external auditor.
The Company’s F2026 condensed results will be released on 4 September 2026.
For all investor relations queries please contact:
Thabang Thlaku
Executive: Investor Relations and New Business Development
Office: +27 11 779 1300
Email: thabang.thlaku@arm.co.za
Johannesburg
21 August 2026
Sponsor: Investec Bank Limited
Date: 21/08/2026 09:50:00
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