Thungela Resources Limited (GB:TGA)
LSE:TGA
Earnings Data
Report Date
Aug 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.58Last Year’s EPS
0.08Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: operational resilience and strategic achievements (production above guidance, project completions, strong cash position, maintained dividends, safety and environmental milestones) contrast with significant market-driven financial headwinds (material revenue decline, large non‑cash impairment of ZAR 8.8 billion, net loss, wider discounts and FX pressure). Management emphasizes disciplined capital allocation, life‑extension projects and a strong balance sheet to navigate the weak market, while acknowledging downside risks and limited likelihood of impairment reversals absent sustained structural improvements in prices and FX.Company Guidance
Strong Export Volumes and Production
Group export saleable production and export equity sales of 17.8 million tonnes in 2025 (up from 16.6 million tonnes in 2024, ~+7.2%), exceeding guidance in South Africa and at the upper end of guidance at Ensham; resilient operational delivery supported by ramp-ups at Annea and Zibulo North.
Operational Project Delivery and Asset Extensions
Completed two key life-extension projects (Annea Colliery and Zibulo North shaft) and increased Thungela ownership of Ensham to 100%, transforming the business toward longer-life assets and supporting future value generation.
Safety and Environmental Achievements
Fatality-free business for three consecutive years and achieved 0 reportable environmental incidents in 2025 (first time since 2021), reflecting strong safety culture and environmental stewardship initiatives.
Positive Adjusted EBITDA and Cash Generation
Adjusted EBITDA of ZAR 1.2 billion and operating cash generation of ZAR 2.4 billion; ended the year with ZAR 6.1 billion cash and a net cash position of ZAR 5.1 billion (after funds held for community/employee trusts).
Shareholder Returns Maintained
Board declared a final dividend of ZAR 2 per share (ZAR 281 million); together with the interim dividend (ZAR 281 million) and a ZAR 139 million buyback, total shareholder returns relating to 2025 were ZAR 701 million (177% of adjusted operating free cash flow).
Logistics and Market Position Improvements
TFR rail performance increased by 9% to 56.8 million tonnes in 2025, improving logistics reliability and supporting Thungela's ability to deliver product to export terminals.
Cost Discipline and Stable Unit Costs (Australia)
South Africa FOB cost (excl. royalties) controlled at ZAR 1,170/tonne (from ZAR 1,130 in 2024); Ensham FOB cost (excl. royalties) remained stable at ZAR 1,435/tonne (2025 vs 2024 ZAR 1,433), demonstrating cost containment despite inflationary pressures.
Lower Future CapEx and Disciplined Capital Allocation
Total CapEx reduced in 2025 to ZAR 2.5 billion and guidance for 2026 expects CapEx to fall ~56% to ZAR 1.1 billion (upper end), reflecting transition from expansionary to sustaining spend and continued disciplined capital allocation.
GB:TGA Earnings History
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 |
|---|---|---|---|
Mar 23, 2026 | 798.00 p | 704.00 p | -11.78% |
Aug 18, 2025 | 375.92 p | 359.79 p | -4.29% |
Mar 17, 2025 | 402.52 p | 431.38 p | +7.17% |
Aug 19, 2024 | 461.47 p | 442.17 p | -4.18% |
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 Aug 24, 2026, Before Open (Confirmed).
What is Thungela Resources Limited (GB:TGA) earnings time?
Thungela Resources Limited (GB:TGA) earnings time is at Aug 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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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 2026 (Q2) is 0.58.