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Mon 16 Jun 2025
Close: 14 840c 
Day's move: 0c (0.00%)
Volume: 0
Trades: 0
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Group revenue for the period increased to R40.7 billion (R38.7 billion) with net operating profit decreasing to R7.6 billion (R10.6 billion). Profit for the year attributable to owners of the parent declined to R7.7 billion (R11.3 billion). Additionally, headline earnings per share decreased to 3 016c per share (4 681c per share).
Notice of final cash dividend and share repurchase programme
At the board of directors meeting on 11 March 2025, the directors approved a gross final dividend of 866 cents per share and a share repurchase programme to
the value of R1.2 billion, subject to prevailing market conditions, and JSE Listings Requirements.The final dividend is payable on 12 May 2025 to shareholders who will be on the register on 9 May 2025. The final dividend was declared from income generated during the year ended 31 December 2024 and has been declared from income reserves.
Company outlook for first half of 2025
Economic context
As we move into 2025, the global economic landscape remains uncertain, with geopolitical tensions and policy shifts continuing to evolve.
Commodity markets and price
The seaborne thermal coal demand is expected to be influenced by geopolitical factors and energy security needs. Domestically, any improvement in the local economic environment is likely to boost coal demand from local end users, particularly as Eskom works to address its operational challenges. Infrastructure challenges remain, as evidenced by the recent railway breakdown on the Richards Bay Coal Terminal Waterberg line due to heavy rainfall. We will continue to actively explore all available routes to market to meet customer demand and unlock value.
This continuous rise in iron ore supply and exports remains the key limiting factor for seaborne iron ore prices, affecting the performance of Exxaro’s SIOC investment.
Operational performance
Our business is still impacted by commodity prices, domestic structural challenges and developments, coal offtake and both the global and domestic geopolitical environment. We provide the following guidance for the 2025 financial year:
- Coal production and sales to be within the range of 39.5Mt to 43.7Mt
- Exports sales to be between 6.65Mt and 7.35Mt
- We have kept our coal sustaining capex guidance unchanged between
- R2.5 billion and R3 billion
- Due to anticipated commissioning of our Lephalale Solar Plant, our energy generation guidance increases, and we expect it to be within the range of 780GWh to 810GWh, which consists of full year wind generation and half year solar generation guidance.
Share repurchase programme
On 11 March 2025, the board of directors approved a share repurchase programme to the value of R1.2 billion, subject to prevailing market conditions and the JSE Listings Requirements.
Update on Black Economic Empowerment Transaction
Eyesizwe (RF) (Pty) Ltd. ("Eyesizwe") shareholders have signed a separate waiver and undertaking, in favour of, and enforceable by Eyesizwe, to maintain the current 30.81% shareholding in Exxaro until 2027. In terms of the waivers and undertakings, Eyesizwe shareholders waived their options to dispose of any of the locked-in shares or make any request which will result in Eyesizwe having to dispose of the locked-in shares, in the previously stated agreed tranches, until 2027. This is a significant milestone which ensures that Exxaro retains its empowerment level and status as one of South Africa's largest and foremost black-empowered and diversified mining companies.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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