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Trading Statement for the six months ended 31 December 2025
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE share code: IMP
ISIN: ZAE000083648
ADR code: IMPUY
("Implats" or the "Group")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2025
Implats will release its results for the six months ended 31 December 2025 (the "period") on or about
5 March 2026.
In terms of the Listings Requirements of the JSE Limited, issuers must publish a trading statement on
SENS as soon as they become reasonably certain that the financial results from the period to be
reported on will differ by at least 20% from those of the previous comparative period.
Shareholders are advised that due to the significant appreciation in achieved US dollar platinum group
metal (PGM) basket pricing, together with the benefit of commendable operational delivery, the Group
expects to report an improvement in both basic and headline earnings for the period compared to the
six months ended 31 December 2024 ("the comparative period").
Implats' headline earnings and headline earnings per share ("HEPS") are expected to increase by
between 392% and 411% and basic earnings and basic earnings per share ("EPS") are expected to
increase by between 387% and 407%. Both headline and basic earnings are expected to be between
R9.10 billion and R9.45 billion, and HEPS and EPS to be between 1 015 cents and 1 054 cents per
share, respectively.
In the comparative period, the Group reported headline earnings of R1.85 billion and HEPS of 206 cents
per share and basic earnings of R1.87 billion and EPS of 208 cents per share.
The weighted average number of shares in issue for the period decreased to 896.96 million from
898.05 million in the comparative period.
The financial information for the six months ended 31 December 2025, on which this trading statement
is based, has not been reviewed and reported on by Implats' external auditors.
Ends
Queries:
Johan Theron
E-mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013
M: +27 (0) 82 809 0166
Emma Townshend
E-mail: emma.townshend@implats.co.za
T : +27 (0) 21 794 8345
M : +27 (0) 82 415 3770
Alice Lourens
E-mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9033
M: +27 (0) 82 498 3608
3 February 2026
Johannesburg
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Page 2 of 2
Date: 03-02-2026 09:00:00
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