Sharenet Sites 
Sharenet Sites
Financial Results for the Half Year ended 31 December 2025
South32 Limited
(Incorporated in Australia under the Corporations Act 2001)
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net
FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2025
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for the half year ended
31 December 2025.
This statement includes the consolidated results of the South32 Group for the half year ended 31 December 2025
compared with the half year ended 31 December 2024.
Key Financials Half year ended
Half year ended 31 December 2024
US$M 31 December 2025 Restated(1) Change (%)
Revenue from continuing operations 2,809 2,884 (3)
Ordinary dividend per share (US cents) 3.9 3.4 15
(1) Refer to note 9 Disposal of subsidiaries of South32's Financial Results and Outlook for the half year ended 31 December 2025.
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
US$M H1 FY26 H1 FY25
Profit/(loss) attributable to ordinary equity holders of South32 Limited 464 360
Adjusted for
(Gains)/losses from disposal and write-off of property, plant and equipment and
intangibles 1 1
(Gain)/loss on disposal of discontinued operations (21) 47
(Gains)/losses from the disposal or write-off of property, plant and equipment and
intangibles, and related compensation received, net of tax, included in the share of
profit/(loss) of equity accounted investments (39) (23)
Headline Earnings 405 385
Diluted Headline Earnings 405 385
Earnings per share denominator (millions) 4,491 4,515
Diluted earnings per share denominator (millions) 4,501 4,528
Headline Earnings per share
Headline Earnings per share (US cents) 9.0 8.5
Diluted Headline Earnings per share (US cents) 9.0 8.5
2026 Interim Dividend
The Board has resolved to pay an interim dividend of US 3.9 cents per share (fully franked) for the half year ended 31
December 2025.
The record date for determining entitlements to dividends is 6 March 2026; payment date is 2 April 2026.
Dividends announced Dividend per share (US
Period cents) US$M Franking Pay-out ratio
H1 FY24 0.4 18 100 % 45 %
H2 FY24 3.1 140 100 % 41 %
H1 FY25 3.4 154 100 % 41 %
H2 FY25 2.6 117 100 % 40 %
H1 FY26 3.9 175 100 % 40 %
South32 Limited shareholders registered on the South African branch register will not be able to dematerialise or
rematerialise their shareholdings between Wednesday, 4 March 2026 and Friday, 6 March 2026 (both dates inclusive),
nor will transfers to/from the South African branch register be permitted between Thursday, 26 February 2026 and
Friday, 6 March 2026 (both dates inclusive).
Details of the current exchange rates applicable for the dividend will be announced to the relevant stock exchanges.
Further dividend information is available on our website (www.south32.net).
South32 American Depositary Receipts (ADRs) each represent five fully paid ordinary shares in South32 and ADR
holders will receive dividends accordingly, subject to the terms of the Depositary Agreement.
Dividends timetable Date
Announce currency conversion into South African rand 27 February 2026
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE) 3 March 2026
Ex-dividend date on the JSE 4 March 2026
Ex-dividend date on the Australian Stock Exchange (ASX) and London Stock Exchange
(LSE) 5 March 2026
Record date (including currency election date for ASX) 6 March 2026
Payment date 2 April 2026
Short Form Announcement
This short form announcement is the responsibility of the directors and represents a summary of the information in
the full announcement and does not contain full or complete details. Any investment decision by investors and/or
shareholders should be based on consideration of the full announcement.
The full announcement has been released on the JSE at:
https://senspdf.jse.co.za/documents/2026/jse/isse/s32/HY26.pdf. It is also accessible on the Company's website at www.south32.net. Copies of the full announcement may be requested, at no charge, by contacting Investor Relations
at InvestorRelations@south32.net.
About us
Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations
to come. We are trusted by our owners and partners to realise the potential of their resources. We produce minerals
and metals critical to the world's energy transition from operations across the Americas, Australia and Southern Africa
and we are discovering and responsibly developing our next generation of mines. We aspire to leave a positive legacy
and build meaningful relationships with our partners and communities to create brighter futures together.
Investor Relations Media Relations
Ben Baker Jamie Macdonald
M +61 403 763 086 M +61 408 925 140
E Ben.Baker@south32.net E Jamie.Macdonald@south32.net
Further information on South32 can be found at www.south32.net.
Approved for release by Graham Kerr, Chief Executive Officer
JSE Sponsor: The Standard Bank of South Africa Limited
12 February 2026
Date: 12-02-2026 07:21:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
