Sharenet Sites 
Sharenet Sites
EXX - Trading Statement for the six-month period ended 30 June 2026
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN: ZAE000084992
Bond Issuer Code: EXXI
("Exxaro" or the "Company")
TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2026
Shareholders are advised that Exxaro and its directors are reasonably certain regarding the expected
financial results of Exxaro for the six-month period ended 30 June 2026.
Headline earnings per share (HEPS) for the six-month period ended 30 June 2026 is expected to
decrease between 18% and 23% compared to the six-month period ended 30 June 2025. This is
mainly attributable to lower income from our equity-accounted investments at Sishen Iron Ore
Company Proprietary Limited (SIOC) and Black Mountain Mining Proprietary Limited (BMM). SIOC
results were negatively impacted by the strengthening of the Rand against the US dollar and above
inflationary increases in key mining input costs compared to the prior period, largely reflecting the
effects of the conflict in the Middle East. The decrease in the equity?accounted income from BMM was
mainly driven by higher production costs and a delayed ramp-up of the Gamsberg-project.
The decrease in attributable earnings per share (AEPS) for the six-month period ended 30 June 2026
is also expected to decrease between 18% and 23% compared to the six-month period ended
30 June 2025 for the same reasons as mentioned above.
EBITDA(1) for the six-month period ended 30 June 2026 is expected to be broadly in line with that
reported for the six-month period ended 30 June 2025.
The expected ranges are summarised below:
Unit 30 June 2025 30 June 2026 30 June 2026
Reported Expected Expected
earnings earnings range percentage range
HEPS cents 1 724 1 414 – 1 327 18% - 23% decrease
AEPS cents 1 717 1 408 – 1 322 18% - 23% decrease
Shareholders are advised that Exxaro will release its reviewed condensed financial results for the
six-month period ended 30 June 2026 on or about 20 August 2026. Further details are available on
our website, www.exxaro.com.
The forecast financial information on which this trading statement is based has not been reviewed,
audited nor reported on by Exxaro's external auditors.
(1)EBITDA is calculated by adjusting net operating profit before tax with depreciation, amortisation, impairment charges or
impairment reversals, and net losses or gains on disposal of assets and investments (including translation differences
recycled to profit or loss).
EBITDA is not a defined term under International Financial Reporting Standards (IFRS) and may not be comparable with
similarly titled measures reported by other companies.
Michelle Nana
Group Company Secretary
Enquiries:
Anda Mwanda
Investor Relations
Tel: + 27 12 307 3691
Mobile: +27 76 225 0742
Email: anda.mwanda@exxaro.com
Pretoria
14 August 2026
Lead Equity Sponsor and Debt Sponsor
Absa Bank Limited (acting through its corporate and investment banking division).
Joint Equity Sponsor
Tamela Holdings Proprietary Limited
Date: 14-08-2026 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.
