Pan African Resources (RTZ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Sep 16, 2026

TBA (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

0.11

Last Year’s EPS

0.05

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a strongly positive performance and outlook: material production growth (>50% H1), record revenue and earnings, exceptional cash‑flow generation (cash flows +588%), rapid de‑gearing and initiation of interim dividends. The business benefits from successful commissioning of MTR and Tennant, a clear multi‑asset growth pipeline (Soweto, Tennant scale‑up, Poplar, Warrego) and attractive margins on low‑cost assets like Elikhulu. Key challenges include a higher H1 all‑in sustaining cost (USD 1,874/oz) driven by currency moves, share‑based payments, royalties and third‑party processing; temporary lower grades at MTR and cost pressure from electricity and share‑based expenses; security risks from illegal mining and residual financing items to finalise. Overall, positives (record profitability, cash generation, project delivery and a strong organic growth pipeline) materially outweigh the operational and cost headwinds called out.

Company Guidance

Pan African guided full‑year production of at least 275,000 oz (H2 weighted) and sees next‑year production moving closer to 300,000 oz, with near‑term growth of almost 40% driven by MTR and Tennant; MTR is expected to deliver 55–60k oz pa, Tennant 46–50k oz in FY26 (H1 ~16k oz) and to scale to ~100k oz pa within 3 years, Evander is guided at 50–54k oz for FY27 (life‑of‑mine upside to ~70k oz) and Poplar is being developed to target ~100k oz pa, while Soweto pre‑feasibility indicates 30–35k oz pa for an initial ~$160m capex (reserve >500k oz, >100Mt tailings). Cost guidance: H1 AISC was $1,874/oz and full‑year AISC is targeted at $1,820–1,870/oz (ZAR17/USD), with ~90% of the portfolio at ≈$1,700/oz; the group is unhedged and expects to be net‑debt free by month‑end after reducing net debt from $229m to $46m, and reported revenue up 157% to $487m, adjusted EBITDA +323%, earnings +207% to $148m, headline earnings +541% to $149m (HEPS $0.0734), and operating cash flow before dividends/tax/royalties/finance up 588% to $260m, enabling a record FY25 dividend of $0.37/share (USD44m) and an interim dividend of ZAR0.12/share.

Significant Production Increase

Gold production increased by more than 50% in the half-year; full‑year guidance set at 275,000+ ounces with production weighted to H2 and FY27 expected to grow almost 40%, driven by MTR and Tennant ramp-ups.

Record Financial Performance

Revenue rose 157% period‑on‑period to USD 487 million; adjusted EBITDA increased 323%; earnings increased 207% to USD 148 million; headline earnings rose 541% to USD 149 million.

Earnings Per Share and Cash Flow Strength

Headline earnings per share increased 512% to USD 0.0734; basic EPS rose 192% to USD 0.073; cash flows from operating activities before dividend, tax, royalties and net finance costs increased 588% to USD 260 million.

Material Debt Reduction and Net Debt Outlook

Net debt reduced by approximately 80% from USD 229 million to USD 46 million during the period; management expects to be net debt free by the end of the month; more than USD 180 million of debt reduction over the last year.

Dividends and Shareholder Returns

Record FY25 dividend of USD 0.37/share (net payment USD 44 million) representing a 68% increase year‑on‑year; Board initiated an interim dividend (ZAR 0.12/share) and affirmed sector‑leading dividend policy.

Successful Project Delivery and Commissioning

Two transformational projects (MTR and Tennant/Nobles) commissioned ahead of schedule and within or below budget; MTR CIL/reactor expansion achieved expanded nameplate capacity; Nobles plant reached nameplate capacity and contributed ~16,000 oz in H1.

High‑Margin, Long‑Life Asset Base

Elikhulu producing at approximately USD 1,200/oz and generated USD 78 million EBITDA in H1; almost 90% of the portfolio produced at an AISC of ~USD 1,700/oz; many assets with extended lives (Evander, Barberton, Tennant opportunities) and large reserve/resource base (e.g., Poplar >6 million oz resource).

Clear Growth Pipeline

Near‑term growth projects highlighted: MTR Soweto cluster PFS (30,000–35,000 ozpa for ~$160m capex), Tennant scale‑up to ~100,000 ozpa in 3 years (through additional CIL tanks, crusher, flash float, Juno/Golden Forty/White Devil targets), Poplar pre‑feasibility targeting ~100,000 ozpa underground, and Warrego copper–gold potential (cited 16.5 Mt @ 1.3% Cu and 1.1 g/t Au / other resource figures).

ESG and Renewable Energy Progress

MTR won 'Best ESG project in Mining' award; company targeting >60% renewable energy over coming years, progressing water retreatment, concurrent rehabilitation and community upliftment initiatives.

Pan African Resources (DE:RTZ) 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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DE:RTZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 16, 2026	2026 (Q4)	0.11 / -	0.048	―	―	―
Feb 18, 2026	2026 (Q2)	0.07 / 0.06	0.01	533.33% (+0.05)	―	―
Sep 10, 2025	2025 (Q4)	0.05 / 0.05	0.016	194.74% (+0.03)	―	―
Feb 12, 2025	2025 (Q2)	0.02 / 0.01	0.017	-40.00% (>-0.01)	―	―
Sep 11, 2024	2024 (Q4)	0.02 / 0.02	0.008	90.00% (<+0.01)	―	―
Feb 14, 2024	2024 (Q2)	0.02 / 0.02	0.016	5.26% (<+0.01)	―	―
Sep 13, 2023	2023 (Q4)	<0.01 / <0.01	0.017	-50.00% (>-0.01)	―	―
Feb 15, 2023	2023 (Q2)	0.02 / 0.02	0.017	-5.00% (>-0.01)	―	―
Sep 14, 2022	2022 (Q4)	0.02 / 0.02	0.018	-4.76% (>-0.01)	―	―
Feb 16, 2022	2022 (Q2)	0.02 / 0.02	0.02	-13.04% (>-0.01)	―	―

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

DE:RTZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2026	€1.63	€1.81	+11.26%
Sep 10, 2025	€0.84	€0.85	+1.19%
Feb 12, 2025	€0.44	€0.40	-10.38%
Sep 11, 2024	€0.33	€0.31	-5.85%

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 Pan African Resources PLC (DE:RTZ) report earnings?

Pan African Resources PLC (DE:RTZ) is schdueled to report earning on Sep 16, 2026, TBA (Confirmed).

What is Pan African Resources PLC (DE:RTZ) earnings time?

Pan African Resources PLC (DE:RTZ) earnings time is at Sep 16, 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?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Pan African Resources PLC stock?

The P/E ratio of Pan African Resources is N/A.

What is DE:RTZ EPS forecast?

DE:RTZ EPS forecast for the fiscal quarter 2026 (Q4) is 0.11.