Wrap Text
Extracts from the reviewed interim results for the period ended 30 June 2026 and interim cash dividend declaration
Kumba Iron Ore Limited
Registration number: 2005/015852/06
JSE share code: KIO
ISIN: ZAE000085346
Income tax number: 9586/481/15/3
(Kumba or the Company or the group)
EXTRACTS FROM THE REVIEWED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2026
AND INTERIM CASH DIVIDEND DECLARATION
KEY FEATURES
Safety and sustainability focus
- Fatality-free production of more than 10 years at Sishen and more than 3 years at Kolomela
- Kolomela began receiving wheeled renewable electricity
- Women represent 32% of all employees
- Created R24.0 billion of enduring value
Unlock full value of the core
- Average realised export price of US$90 per wet metric tonne (wmt^), 8% above benchmark
- C1 unit cost of US$46 per wmt driven by external headwinds
- Earnings before interest, tax, depreciation and amortisation (EBITDA)* margin of 35%
- Closing net cash* of R12.1 billion
Disciplined capital allocation
- Attributable free cash flow* of R1.9 billion
- Return on capital employed of 26%
- Interim cash dividend of R7.90 per share
Mpumi Zikalala, Kumba's Chief Executive, said: "Kumba's first-half performance reflects the impact of
a challenging external environment and difficult operating conditions. Despite these headwinds, we
delivered EBITDA of R10.9 billion and an EBITDA margin of 35%. We remain focused on cost optimisation,
capital allocation discipline and enhancing cash generation to support sustainable shareholder returns.
The strength of our balance sheet and cash generated from operations of R10.1 billion, together with our
confidence in the long-term fundamentals of our business enabled the Board to declare an interim dividend
of R2.5 billion, of which our empowerment partners will receive R0.8 billion. Our sustainability
commitments remain integral to value creation and we delivered R24.0 billion of enduring shared value to
our stakeholders."
REVENUE
for the period ended 30 June 30 June % 31 December
2026 2025 change 2025
Rand million
Revenue 30,877 34,535 (11) 70,077
EARNINGS PER SHARE
for the period ended 30 June 30 June % 31 December
2026 2025 change 2025
Rand per share
Earnings
Basic 12.95 22.17 (42) 45.57
Diluted 12.91 22.12 (42) 45.43
Headline Earnings
Basic 13.24 22.26 (41) 45.97
Diluted 13.19 22.21 (41) 45.83
Dividend
Interim 7.90 16.60 (52) 16.60
Final n/a n/a - 15.43
SALIENT FEATURES AND OPERATING STATISTICS
for the period ended 30 June 30 June % 31 December
2026 2025 change 2025
Market information
Closing share price (Rand) 291 285 2 351
Market capitalisation (Rand million) 93,727 91,795 2 113,052
Net asset value attributable
to owners of Kumba (Rand per share) 167.67 165.37 1 170.57
Operating statistics
('000 tonnes)^
Production 17,686 18,247 (3) 36,084
Sishen 12,736 12,382 3 25,289
Kolomela 4,950 5,865 (16) 10,795
Total sales 18,557 18,708 (1) 37,038
Sishen mine free-on-rail unit cost
(Rand per dry metric tonne)
Unit cost 727.18 699.61 4 673.32
Cash cost 549.42 557.00 (1) 529.50
Kolomela mine free-on-rail unit cost
(Rand per dry metric tonne)
Unit cost 659.06 541.14 22 520.64
Cash cost 423.51 328.80 29 374.21
* This constitutes pro forma financial information in terms of the JSE Limited Listings Requirements
and should be read in conjunction with the supplementary non-International Financial Reporting Standards
financial measures on page 35 of the interim financial statements.
^ Production and sales volumes, iron ore prices and C1 costs are reported in wmt. Kumba's product
is shipped with approximately 1.5% moisture.
NOTICE OF INTERIM CASH DIVIDEND
On 27 July 2026, the directors approved a gross interim cash dividend of 790 cents per share on the
ordinary shares from profits accrued during the period ended 30 June 2026. The dividend has been declared
from income reserves.
The dividend will be subject to a dividend withholding tax of 20% for all shareholders who are not exempt
from or do not qualify for a reduced rate of withholding tax. The net dividend payable to shareholders
after withholding tax at a rate of 20% amounts to 632.00 cents per share.
The issued share capital at the declaration date is 322,085,974 ordinary shares.
The salient dates are as follows:
Publication of declaration data Tuesday, 28 July 2026
Last day for trading to qualify and participate
in the interim dividend Tuesday, 18 August 2026
Trading ex-dividend commences Wednesday, 19 August 2026
Record date Friday, 21 August 2026
Dividend payment date Monday, 24 August 2026
Share certificates may not be dematerialised or rematerialised between Wednesday, 19 August 2026
and Friday, 21 August 2026, both days inclusive.
EXTRACTS FROM THE PROVISIONAL REVIEWED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2026
This unreviewed results announcement is the responsibility of the directors of the Company.
The information disclosed is only a summary of the information in the reviewed interim results
for the period ended 30 June 2026 (interim results) and does not contain full or complete details.
The reviewed interim results should be considered for any investment decisions. The reviewed
interim results for Kumba have been made available via the JSE cloudlink at
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/KIO/KumbaInt26.pdf
and on the Company's website http://www.angloamericankumba.com/investors/financial-results-centre
The interim financial statements have been reviewed by the Company's auditors, PricewaterhouseCoopers
Inc. who issued an unmodified review opinion.
Any reference to future financial performance included in this announcement has not been reviewed or
reported on by the Company's external auditors.
This results announcement has been prepared in compliance with the JSE Limited Listings Requirements.
Kumba Iron Ore Limited is a member of the Anglo American plc group.
Directors
Non-executive: TP Goodlace (British/South African) (Chairperson), MS Bomela, RM Fernandes (Brazilian),
MA Goliath, A Jeawon, MA Jenkins, NB Langa-Royds, NV Mokhesi, V Nkonyeni, MTS Walker (British)
Executive: ND Zikalala (Chief Executive), XF Mbambo (Chief Financial Officer)
Registered office: 144 Oxford Road, Rosebank, Melrose, 2196, South Africa
Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Biermann Avenue, Rosebank, 2196, South Africa, Private Bag X9000, Saxonwold, 2132
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For more information please visit: http://www.angloamericankumba.com
28 July 2026
Date: 28-07-2026 07:05:00
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