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Trading Statement for the year ended 30 June 2026
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE share code: IMP
ISIN: ZAE000083648
ADR code: IMPUY
("Implats" or the "Group")
TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2026
Implats will release its results for the year ended 30 June 2026 (the "period") on or about 3 September
2026.
In terms of the Listings Requirements of the JSE Limited, issuers must publish a trading statement on
SENS as soon as they become reasonably certain that the financial results from the period to be
reported on will differ by at least 20% from those of the previous comparative period.
Shareholders are advised that the Group expects to report an improvement in both basic and headline
earnings for the period compared to the year ended 30 June 2025 ("the comparative period").
Earnings for the period increased primarily due to gains in both precious and base metal pricing in the
period, which resulted in a 51% improvement in achieved revenue per 6E ounce sold to R38 116. Group
6E refined and saleable production improved by 5% to 3.56 million ounces as excess in-process
inventory was reduced during the period.
The benefit of improved revenue was partially offset by the 8% increase in stock adjusted Group unit
costs to R24 249 per 6E ounce, the higher cost of metals purchased by Impala Refining Services and
increased tax and royalty payments. Group EBITDA increased to circa R43.6 billion, while free cash
generated improved to R22 billion. The free cash flow for the period was adversely impacted by the
reclassification of a portion of Zimplats local currency cash balances to statutory receivables.
Headline earnings and headline earnings per share ("HEPS") for the period are expected to increase to
be between R21.8 billion and R23.8 billion and 2 429 cents and 2 652 cents per share, respectively.
In the comparative period, the Group reported headline earnings of R0.7 billion and HEPS of 82 cents
per share.
Basic earnings and basic earnings per share ("EPS") are expected to increase to be between R30 billion
and R32 billion and 3 343 cents and 3 566 cents per share, respectively. Basic earnings for the period
benefitted from the reversal of impairments of R8.1 billion, equivalent to 904 cents per share (post-tax),
relating to property plant and equipment and the prepaid royalty at Impala Rustenburg due to higher
prevailing rand PGM pricing.
In the comparative period, the Group reported basic earnings of R0.8 billion and EPS of 85 cents per
share.
The weighted average number of shares in issue for the period decreased to 897.41 million from
897.45 million in the comparative period.
The financial information for the year ended 30 June 2026, on which this trading statement is based,
has not been reviewed and reported on by Implats' external auditors.
Ends
Queries:
Johan Theron
E-mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013
M: +27 (0) 82 809 0166
Emma Townshend
E-mail: emma.townshend@implats.co.za
T : +27 (0) 21 794 8345
M : +27 (0) 82 415 3770
Alice Lourens
E-mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9033
M: +27 (0) 82 498 3608
12 August 2026
Johannesburg
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 12-08-2026 08:00:00
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