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South32 Ltd. (AU:S32)
ASX:S32
Australian Market
S32
South32
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South32 (S32) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 20, 2026
TBA (Confirmed)
Period Ending
2026 (Q4)
Consensus EPS Forecast
0.17
Last Year’s EPS
0.09
Same Quarter Last Year
Analyst Consensus
Strong Buy
Based on 11 Analysts Ratings

Earnings Call Summary

Q2 2026
Earnings Call Date:Feb 11, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a predominantly positive financial and operational picture: strong H1 FY26 results (USD 1.1bn underlying EBITDA, 28.2% margin, USD 435m earnings growth), low net debt and meaningful shareholder returns (USD 175m dividend + capital management increase). Project and exploration progress (Taylor, Hermosa, Sierra Gorda, Ambler) and safety improvements were highlighted as key positives. However, material challenges remain in the aluminum portfolio — notably Mozal’s likely move to care and maintenance due to prolonged power shortages and the underperformance of an Alcoa-operated Brazilian asset — alongside project execution risks (Sierra Gorda delays, Hermosa shaft contractor issues) and tariff/supply uncertainties. On balance the strong financial position, cash returns, and progress on growth projects outweigh the operational and power-related setbacks, though those lowlights represent meaningful near-term and socio-economic risks.
Company Guidance
The company left FY‑26 unit production guidance unchanged and expects H2 cash generation to benefit from commodity price tailwinds and planned Mozal inventory drawdown; H1 results included underlying EBITDA of USD 1.1bn, group operating margin 28.2%, underlying earnings growth of USD 435m and net debt of USD 25m, and the board declared a fully franked H1 dividend of USD 175m and increased the USD 2.6bn capital management program by USD 100m (with USD 209m still to be returned). Project and capital milestones include Taylor spend to date of just over USD 1bn (~48% of budgeted schedule), bench shaft 459/824m (56%) and main shaft 370/898m (41%) with a project milestone and capex reassessment due in H2 FY‑26 and federal permits for Taylor/Clark/Peake expected in H1 FY‑27; Sierra Gorda’s Catabela NE exploration target is 1.1–2.9 billion tonnes and the fourth grinding line feasibility/independent review is nearing completion ahead of a potential joint FID mid‑calendar 2026. Operational guidance/other metrics noted: Cannington announced a 28% reserve increase (to ~13 Mt) with ~45 Mt underground resource and planned FY27–28 capital of ~USD 65–80m for ventilation/shaft work, Mozal is ~565 pots online of 710 capacity (~80%), current FY‑26 guidance ~135,000t (FY‑27 ~140,000t vs capacity 179,000t), Mozal uses ~940 MW of power, Mozal care‑and‑maintenance costs ~USD 5m/yr (100% basis) and closure/rehab estimated ~USD 119m, and Hillside’s power contract runs to 2031.
Strong financial performance
Underlying EBITDA of USD 1.1 billion, group operating margin of 28.2%, and underlying earnings growth of USD 435 million for H1 FY26; net debt of only USD 25 million, supporting investment and returns to shareholders.
Shareholder returns and capital management
Declared a fully franked ordinary dividend of USD 175 million for H1 FY26 and announced a USD 100 million increase in the USD 2.6 billion capital management program, with USD 209 million remaining to be returned to shareholders.
Safety improvements
Notable improvements in safety metrics during the half, including significant reduction in significant hazard frequency and positive reductions across lagging indicators, reflecting progress of the global safety improvement program.
Project and exploration progress (Taylor, Hermosa, Ambler)
Advanced construction of large-scale, long-life Taylor zinc-lead-silver project and progress across the Hermosa complex; continued participation in Ambler Metals JV for copper and zinc growth; assessment of Taylor project milestones and capex planned for H2 FY26 to inform next procurement packages.
Hermosa execution so far — meaningful capital committed
Total spend to date at Hermosa of just over USD 1 billion, representing ~48% of the scheduled budget; strong progress on foundations and process plant work; expectation of federal permits (record of decision) for Taylor, Clark and Peake in H1 FY27.
Cannington reserve and margin strength
Announced a 28% increase in underground ore reserve at Cannington (reserve now described around 13 million tonnes in commentary); Cannington has delivered strong zinc-lead-silver margins historically (~46%–53% over recent years), supporting low-cost life-extension options.
Sierra Gorda optionality and near-term milestones
Defined an exploration target at Catabela Northeast ranging from ~1.1 billion to 2.9 billion tonnes (highlighting potential mine-life extension). Feasibility for a fourth grinding line nearing completion with an independent JV review and potential joint FID mid-calendar 2026.

South32 (AU:S32) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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AU:S32 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 20, 2026
2026 (Q4)
0.17 / -
0.09―――
Feb 11, 2026
2026 (Q2)
0.04 / 0.14
0.1215.66% (+0.02)――
Aug 27, 2025
2025 (Q4)
0.09 / 0.09
0.116-22.50% (-0.03)――
Feb 12, 2025
2025 (Q2)
0.09 / 0.12
0.012937.50% (+0.11)――
Aug 28, 2024
2024 (Q4)
0.07 / 0.12
0.1160.00% (0.00)――
Apr 22, 2024
2024 (Q1)
- / -
0.148―――
Feb 15, 2024
2024 (Q2)
- / -
0.148―――
Feb 14, 2024
2023 (Qnull)
0.15 / 0.01
0.215-94.59% (-0.20)――
Aug 23, 2023
2023 (Q4)
0.15 / 0.12
0.493-76.47% (-0.38)――
Feb 16, 2023
2023 (Q2)
0.23 / 0.21
0.319-32.73% (-0.10)――
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

AU:S32 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 11, 2026
AU$4.58AU$4.44-2.99%
Aug 27, 2025
AU$2.79AU$2.59-7.23%
Feb 12, 2025
AU$3.24AU$3.38+4.07%
Aug 28, 2024
AU$2.85AU$2.87+0.63%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does South32 Ltd. (AU:S32) report earnings?
South32 Ltd. (AU:S32) is schdueled to report earning on Aug 20, 2026, TBA (Confirmed).
    What is South32 Ltd. (AU:S32) earnings time?
    South32 Ltd. (AU:S32) earnings time is at Aug 20, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is the P/E ratio of South32 Ltd. stock?
          The P/E ratio of South32 is N/A.
            What is AU:S32 EPS forecast?
            AU:S32 EPS forecast for the fiscal quarter 2026 (Q4) is 0.17.