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Tharisa plc Issues Trading Statement for Interim Results Ended 31 March 2025

Strategic Insights

— 2 min read

Tharisa plc, a leading integrated resource group, has issued a trading statement for its interim results for the six months ended 31 March 2025. The company's basic earnings per share (EPS) and headline earnings per share (HEPS) are expected to be significantly lower than the previous corresponding period, primarily due to unprecedented weather-related operational challenges and weaker chrome prices. The interim results are expected to be released on or about 22 May 2025, with a basic EPS of between US 2 cents and US 3 cents per share, representing a decrease of 76.6% to 84.3% compared to the previous period. HEPS are also expected to be lower, with a decrease of 77.2% to 84.8% compared to the previous period.

Key Takeaways:

  • Tharisa plc's production update for the six months ended 31 March 2025 highlighted unprecedented weather-related operational challenges and weaker chrome prices.
  • The company expects its basic EPS to be between US 2 cents and US 3 cents per share, with a tolerance of 10%, representing a decrease of 76.6% to 84.3% compared to the previous period.
  • HEPS are also expected to be lower, with a decrease of 77.2% to 84.8% compared to the previous period.
  • The financial information on which this trading statement is based has not been reviewed and reported on by the Company's auditors.
  • Tharisa is developing the Karo Platinum Project, a tier-one PGM asset located on the Great Dyke in Zimbabwe.
  • The company is also focusing on beneficiation in the form of chrome and PGM alloys.
  • Tharisa aims to reduce its carbon footprint by 30% by 2030 and become a net carbon neutral company by 2050.

Statistics:

  • Expected basic EPS for the six months ended 31 March 2025: US 2 cents - US 3 cents per share.
  • Expected HEPS for the six months ended 31 March 2025: US 2 cents - US 3 cents per share.
  • Decrease in basic EPS: 76.6% to 84.3% compared to the previous period.
  • Decrease in HEPS: 77.2% to 84.8% compared to the previous period.
  • 10-year Power Purchase Agreement for the procurement of wheeled renewable energy.
  • 40 MW solar project to reduce carbon footprint.

Sources:

  • Tharisa plc, "Trading Statement - Interim Results for the six months ended 31 March 2025", 19 May 2025.
  • JSE Listings Requirements, Section 3.4(b).
  • Paphos, Cyprus, 19 May 2025, JSE Sponsor Investec Bank Limited, Connect with us on LinkedIn 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

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