Kumba Iron Ore Limited (KUMBF)
OTHER OTC:KUMBF
Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.21Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive performance: strong cash generation, a 14% increase in EBITDA, robust dividend returns, meaningful resource and reserve growth, and clear progress on the UHDMS project and safety milestones. Management also highlighted disciplined cost savings and upward ROCE. Offsetting these positives are lingering logistics constraints with Transnet, asset reliability challenges at Sishen, higher near‑term capital requirements (UHDMS and HME replacements), and exchange‑rate driven unit cost pressure. Management presented mitigation plans (stocks, modular UHDMS approach, renegotiations and recapitalization) and maintained conservative guidance. Overall the positives and strategic progress materially outweigh the operational and execution risks noted.Company Guidance
Strong EBITDA and Margin Expansion
Adjusted EBITDA rose 14% to ZAR 31.9 billion, with EBITDA margin improving to 46% (from 41%) and EBITDA cash conversion of 102%, underpinned by higher realized prices, lower operating expenses and positive stock movements.
Shareholder Returns and Cash Generation
Generated ZAR 17.2 billion cash after sustaining CapEx and ZAR 12 billion of attributable free cash flow; declared total full-year dividend equivalent to ZAR 32.3 per share (70% payout of headline earnings) and final cash dividend of ZAR 5 billion; dividend yield ~9%.
Production and Sales in Line with Guidance
Production increased 1% year‑on‑year and sales rose 2% to 37 million tonnes (top end of guided range of 35–37 Mt), supported by improved rail performance and Kolomela output.
Operational momentum at Kolomela and waste mining recovery
Kolomela production increased 7% with waste mining growth driving momentum (Kolomela waste volumes up ~30%); overall waste mining rose 6% with a 6% step-up in H2 vs H1, supporting operational restart and flexibility.
Cost Optimisation and Unit Cost Outcomes
Delivered over ZAR 600 million in cost savings during the year and cumulative ZAR 5.1 billion since the 2024 reconfiguration; Kolomela cash unit cost improved 7% to ZAR 374/t and Sishen cash unit cost remained broadly flat at ZAR 530/t.
UHDMS Project Progress and Strong Economics
UHDMS is 37% complete with 90% of engineering finished; total project CapEx ZAR 11.2 billion (ZAR 4.0 billion invested to date); project economics indicate >50% EBITDA margins, IRR >30% and ~3-year payback from full production; main tie-in scheduled for August (H2).
Improved Return on Capital Employed
Return on capital employed improved by 5 percentage points to 46%, reflecting more efficient use of capital to generate earnings.
Resource and Reserve Expansion and Life Extension
Exclusive mineral resources ~764 million tonnes (added ~293 Mt in 2025) and ore reserves ~802 million tonnes; added 175 Mt to reserves since 2022 and extended Sishen and Kolomela life of mine by another year to 2041, providing material optionality for further life extension.
Sustainability and Community Impact
Maintained IRMA 75 at both operations; water positive operations supplying >16.5 billion liters to communities (drinking water to ~200,000 people); freshwater withdrawals down 4% to <7 billion liters (19% reduction vs 2015 baseline); invested ZAR 485 million in social projects and spent ZAR 19 billion with BEE suppliers.
Logistics Performance Improvements
Ore railed to port rose 6% despite four derailments; rail performance improved to 84% of contracted volumes and Saldanha Bay equipment availability improved, supporting a modest sales uplift.
KUMBF 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
KUMBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $21.85 | $20.85 | -4.59% |
Jul 29, 2025 | $14.93 | $15.61 | +4.55% |
Feb 18, 2025 | $16.36 | $17.01 | +3.93% |
Jul 23, 2024 | $18.18 | $17.66 | -2.83% |
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 Kumba Iron Ore Limited (KUMBF) report earnings?
Kumba Iron Ore Limited (KUMBF) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Kumba Iron Ore Limited (KUMBF) earnings time?
Kumba Iron Ore Limited (KUMBF) earnings time is at Jul 28, 2026, Before Open (Confirmed).
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What is KUMBF EPS forecast?
Currently, no data Available