THARISA PLC - Trading Statement Interim Results for the six months ended 31 March 2026

Trading Statement – Interim Results for the six months ended 31 March 2026

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')


TRADING STATEMENT – INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2026

In terms of sections 6.26 – 6.30 of the JSE Listings Requirements, companies are required to provide
guidance to the market when they are satisfied that a reasonable degree of certainty exists that the
financial results for the current reporting period will differ by at least 20% from the results of the
previous corresponding reporting period.

A production update for the six months ended 31 March 2026 was released on the JSE Stock Exchange
News Service and LSE Regulatory News Service on 14 April 2026. The production report detailed
stronger commodity prices on a year-on-year basis.

Tharisa is preparing the interim results for the FY2026 financial year, with the Reviewed Interim
Consolidated Financial Statements expected to be released on or about 21 May 2026.

Tharisa's basic earnings per share ('EPS') for the six months ended 31 March 2026 are expected to be
between US 15.3 cents and US 15.8 cents per share. This is an increase of 512.0% to 532.0% relative
to the EPS of US 2.5 cents per share for the six months ended 31 March 2025.

Headline earnings per share ('HEPS') for the six months ended 31 March 2026 are expected to be
between US 16.1 cents and US 16.6 cents per share, this is an increase of 455.2% to 472.4% relative
to the HEPS of US 2.9 cents per share for the six months ended 31 March 2025.

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company's auditors.


Paphos, Cyprus
14 May 2026

JSE Sponsor
Investec Bank Limited

Connect with us on LinkedIn to get further news and updates about our business or visit our Curation
Corp Showcase.

Investor Relations Contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com

Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 418 8900

BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010

Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800

About Tharisa – delivering on expansion and growth opportunities, commercialising technology
solutions

Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the
decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value
chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and
chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern
limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.
Development of the Karo Platinum Project, a tier-one PGM project on Zimbabwe's Great Dyke, further
reinforces Tharisa's growth strategy. Investments in downstream beneficiation, including proven
chrome and PGM alloy production, will add significant value when commercialised. Tharisa is
committed to reducing carbon emissions by 30% by 2030 and the sustainability roadmap targets net
carbon neutrality by 2050. Through Redox One, Tharisa is advancing proprietary iron-chromium redox
flow battery technology, utilising the very commodities it mines to support long-duration energy
storage – a key component in the transition to renewable energy.

Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the London Stock Exchange
(LSE: THS, Equity Shares (Transition) Category).

Date: 14-05-2026 07:05:00
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.