Australia's South32 records 55% surge in annual profit
26/08/2026 23:05
Australia's South32 records 55% surge in annual profit Aug 27 (Reuters) - Australia's South32 S32.AX on Thursday posted a 55% rise in full-year profit as the diversified miner benefited from a surge in underlying commodity prices and strong operating performance.
South32, the world's biggest manganese producer, reported underlying earnings attributable of $1.03 billion for the year ended June 30, compared with $666 million in the prior year.
That slightly missed Visible Alpha's consensus estimate of $1.05 billion.
(Reporting by Sherin Sunny and Nikita Maria Jino in Bengaluru; Editing by Leroy Leo)
((Sherin.Sunny@thomsonreuters.com;
Nikita.Jino@thomsonreuters.com;))
Recent news on South32
See all newsAustralia's South32 slips; Macquarie cuts EPS view on Cannington output miss
Australian silver stocks fall as precious metals slip ahead of Fed decision
Australia's South32 largely met expectations in first quarter, Jefferies says
South32 Limited - Quarterly Report: September 2026
Analysis: Africa's minerals value-add drive interests investors but faces energy hurdle