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Trading statement – results for the year ended 30 September 2021
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')
Trading statement – results for the year ended 30 September 2021
In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide guidance
to the market when they are satisfied that a reasonable degree of certainty exists that the financial results
for the current reporting period will differ by at least 20% from the results of the previous corresponding
reporting period.
A production update for the financial year ended 30 September 2021 was released on the JSE Stock
Exchange News Service and LSE Regulatory News Service on 12 October 2021. The production report
highlighted operational improvements and noted the higher PGM basket price and improved chrome
concentrate prices received by Tharisa for the year under review. Earnings will be affected by higher
freight charges and increased royalty payments as a result of the higher commodity prices received, while
unredeemed capex available for set-off against future profits has been fully utilised.
Tharisa is preparing its financial statements for FY2021, with the financial results expected to be released
on or around 2 December 2021.
Tharisa’s basic earnings per share ('EPS') and headline earnings per share ('HEPS') for the twelve months
ended 30 September 2021 are expected to be between US$ 37 cents and US$ 38 cents per share with a
tolerance of 10%. This is an increase of between 128% and 134% relative to the EPS of US$ 16.2 cents per
share for the year ended 30 September 2020 and an increase of between 119% and 125% relative to the
HEPS of US$ 16.9 cents per share for the financial year ended 30 September 2020.
The financial information on which this trading statement is based has not been reviewed and reported
on by the Company’s auditors.
Paphos, Cyprus
25 November 2021
JSE Sponsor
Investec Bank Limited
Connect with us on LinkedIn and Twitter to get further news and updates about our business.
Investor relations contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Financial PR contacts:
Bobby Morse / Ariadna Peretz / James Husband
+44 207 466 5000
tharisa@buchanan.uk.com
Broker contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / David McKeown / Alexander Allen
+44 207 7418 8900
BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Pascal Lussier Duquette / Nick Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi
+44 203 207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Carlyle Whittaker
+27 11 294 0061
About Tharisa
Tharisa is an integrated resource group critical to the energy transition and decarbonisation of
economies. It incorporates mining, processing, exploration and the beneficiation, marketing, sales, and
logistics of PGMs and chrome concentrates, using innovation and technology as enablers. Its principal
asset is the Tharisa Mine located in the South-Western Limb of the Bushveld Complex, South Africa. The
mechanised mine has a 20-year open pit life and the ability to extend operations underground by at
least an additional 40 years. Tharisa also owns Salene Chrome, a development stage, low cost, open pit
asset, located adjacent to the Great Dyke in Zimbabwe. Tharisa plc is listed on the Johannesburg Stock
Exchange (JSE: THA) and the Main Board of the London Stock Exchange (LSE: THS)
Date: 25-11-2021 07:05:00
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