South Africa's Sylvania Platinum Q3 revenue, EBITDA rise from previous quarter

Sylvania Platinum

29/04/2026 07:47

Overview

South Africa PGM and chrome producer's Q3 net revenue rose 44% quarter-on-quarter

Adjusted group EBITDA climbed 61% from prior quarter on higher prices and chrome sales

Company launched $2 mln share buyback program during the period

Outlook

Company likely to achieve or exceed upper end of 90,000-93,000 4E PGM oz guidance

Chrome concentrate production guidance for FY2026 revised to 50,000-55,000 tons due to recent challenges

Company says optimisation initiatives underway to improve ROM feed quality and plant stability

Result Drivers

HIGHER PGM PRICES - Net revenue and EBITDA were boosted by a 28% increase in the average 4E PGM basket price

CHROME SALES GROWTH - Chrome revenue rose sharply, mainly due to Thaba JV ramp-up, supporting overall revenue growth

Company press release: ID:nRSc3734Ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$78.70 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy."

Wall Street's median 12-month price target for Sylvania Platinum Ltd is GBp165.50, about 70.6% above its April 28 closing price of GBp97.00

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)