The earnings call highlighted Thungela's strong safety record and ability to maintain a solid balance sheet and shareholder returns despite challenging market conditions and geopolitical uncertainties. However, significant declines in earnings and operational challenges at the Ensham mine, along with a softer pricing environment, were notable lowlights.

Company Guidance

During Thungela's 2025 Interim Results Presentation, the company highlighted several key metrics reflecting its performance and strategic initiatives amid challenging market conditions. Safety remained a top priority, as evidenced by operating for 2.5 years without a fatality. Despite geopolitical uncertainties and tariff escalations disrupting global supply chains, Thungela reported 8 million tonnes of export saleable production in the first half of 2025, supported by productivity gains at Zibulo and Mafube. However, the softer pricing environment impacted financial results, with benchmark coal prices in South Africa and Australia declining by 9% and 22%, respectively. The company recorded net cash of ZAR 6.3 billion after capital expenditure of ZAR 1.2 billion, with earnings per share of ZAR 1.93. The Board approved total returns of ZAR 3 per share, including an interim cash dividend and share buybacks, showcasing Thungela's robust balance sheet and commitment to shareholder returns. Additionally, the improved rail performance in South Africa was noted, with TFR achieving an annualized run rate of 54.3 million tonnes. Despite the challenges, Thungela maintained its full-year production and cost guidance, emphasizing strategic projects like Elders and Zibulo North Shaft to ensure long-term sustainability.

Safety Milestone Achieved

Thungela reported operating for 2.5 years without a loss of life, reflecting a strong focus on safety and operational protocols.

Strong Balance Sheet and Shareholder Returns

The company maintained a net cash position of ZAR 6.3 billion, approved a distribution of 87% of adjusted operating free cash flow, and announced total returns to shareholders of ZAR 3 per share.

Production Increases Despite Challenges

South African production increased year-on-year despite high rainfall, and strategic projects like Elders and Zibulo North Shaft are on schedule and on budget.

Rail Performance Improvement

TFR's annualized run rate improved to 54.3 million tonnes, up from 51.9 million tonnes in 2024.

Thungela Resources Limited (GB:TGA) 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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GB:TGA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 23, 2026	2025 (Q4)	0.29 / -	0.662	―	―	―
Aug 18, 2025	2025 (Q2)	0.22 / 0.22	0.413	-47.22% (-0.19)	―	―
Mar 17, 2025	2024 (Q4)	0.60 / 0.66	0.529	25.14% (+0.13)	―	―
Aug 19, 2024	2024 (Q2)	0.40 / 0.41	0.971	-57.47% (-0.56)	―	―
Mar 18, 2024	2023 (Q4)	0.71 / 0.53	2.945	-82.04% (-2.42)	―	―
Aug 21, 2023	2023 (Q2)	0.91 / 0.97	3.391	-71.37% (-2.42)	―	―
Mar 27, 2023	2022 (Q4)	3.25 / 2.94	2.6	13.27% (+0.34)	―	―
Aug 15, 2022	2022 (Q2)	3.17 / 3.39	0.002	169450.00% (+3.39)	―	―
Mar 22, 2022	2021 (Q4)	1.45 / 2.60	―	―	―	―
Aug 13, 2021	2021 (Q2)	0.30 / <0.01	-0.092	102.17% (+0.09)	―	―

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

GB:TGA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 18, 2025	384.50p	368.00p	-4.29%
Mar 17, 2025	411.71p	441.22p	+7.17%
Aug 19, 2024	472.00p	452.26p	-4.18%
Mar 18, 2024	362.65p	384.23p	+5.95%

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 Thungela Resources Limited (GB:TGA) report earnings?

Thungela Resources Limited (GB:TGA) is schdueled to report earning on Mar 23, 2026, Before Open (Confirmed).

What is Thungela Resources Limited (GB:TGA) earnings time?

Thungela Resources Limited (GB:TGA) earnings time is at Mar 23, 2026, Before Open (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 Thungela Resources Limited stock?

The P/E ratio of Thungela Resources Limited is N/A.

What is GB:TGA EPS forecast?

GB:TGA EPS forecast for the fiscal quarter 2025 (Q4) is 0.29.

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