Record Group Adjusted EBITDA Growth
Group adjusted EBITDA was 120% higher than the same period in 2024, and even when excluding 45x credits, it was still 51% higher at ZAR 10 billion.
Improvement in Safety Frequency Rates
Despite three fatalities, the company reported an improvement in safety frequency rates, with serious injury frequency rate and total recordable injury frequency rate declining by about 15% year-on-year.
Significant Progress in Project Developments
Construction of the Keliber lithium project is nearing completion, with strategic project status granted under the EU Critical Raw Materials Act. The Marikana K4 project produced 44,000 4E ounces, a 68% increase year-on-year.
Successful Implementation of Strategic Initiatives
The company filed a petition for a palladium trade remedy, launched a new recycling business through the acquisition of Metallix, and expanded its presence in the circular economy.
Positive Outlook for SA PGM Operations
The SA PGM operations are on track to achieve guidance for the third year running, with favorable cost discipline and leverage in the rising PGM environment.