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Thungela Resources Limited ( (GB:TGA) ) has provided an announcement.
Thungela Resources has warned shareholders it expects a sharp swing to a full-year loss for 2025, forecasting a loss per share of between R53.50 and R56.00 and a headline loss per share of between R5.50 and R7.50, compared with solid profits a year earlier. The group attributes the reversal mainly to R8.8 billion of non-cash impairments across its South African and Australian operations and the non-recognition of R1.1 billion in deferred tax assets.
The impairments stem from weaker seaborne thermal coal prices and stronger South African rand and Australian dollar forecasts against the U.S. dollar, which have eroded expected margins and asset values. While these charges do not affect cash flow, liquidity or operational continuity, they underscore the pressure from softer coal markets and currency shifts, even as management insists that Thungela’s long-term fundamentals remain intact ahead of detailed results due on 23 March 2026.
More about Thungela Resources Limited
Thungela Resources Limited is a South African-based coal producer listed in Johannesburg and London, focused on seaborne thermal coal markets in South Africa and Australia. The group supplies coal into international markets where demand and pricing are influenced by global energy trends, currency movements and shifts toward alternative energy sources.
Average Trading Volume: 196,923
Technical Sentiment Signal: Buy
Current Market Cap: £724.8M
For detailed information about TGA stock, go to TipRanks’ Stock Analysis page.