REG - Tharisa PLC - Annual Financial Report

TharisaAnnouncement

05/12/2022 07:00

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RNS Number : 5210I  Tharisa PLC  05 December 2022

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')

 

AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 AND CASH DIVIDEND
DECLARATION

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
operating asset is the Tharisa Mine located in the south-western limb of the
Bushveld Complex, South Africa. The mechanised mine has a 19-year open-pit
life and the ability to extend operations underground by at least an
additional 40 years. Tharisa also owns Karo Mining Holdings a development
stage, low-cost, open-pit PGM asset, located on the Great Dyke in Zimbabwe.
The Company is committed to reducing its carbon emissions by 30% by 2030 and
the development of a roadmap is continuing to be net carbon neutral by 2050.

 

REEF MINED

5.51 Mt

(2021: 5.38 Mt)

+2.4%

 

PGM PRODUCTION (5PGE + AU)

179.20 koz

(2021: 157.80 koz)

+13.6%

 

CHROME CONCENTRATE PRODUCTION

1.58 Mt

(2021: 1.51 Mt)

+4.6%

 

REVENUE

US$686.0 m

(2021: US$596.3 m)

+15.0%

 

OPERATING PROFIT

US$184.5 m

(2021: US$178.8 m)

+3.2%

 

EBITDA

US$236.3 m

(2021: US$224.3 m)

+5.3%

 

PROFIT BEFORE TAX

US$220.2 m

(2021: US$185.3 m)

+18.8%

 

EARNINGS PER SHARE

US 53.8 cents

(2021: US 37.4 cents)

+43.9%

 

HEADLINE EARNINGS PER SHARE

US 41.1 cents

(2021: US 38.3 cents)

+7.3%

 

TOTAL DIVIDEND

US 7.0 cents

(2021: US 9.0 cents)

 

This short form announcement is the responsibility of the directors and is
only a summary of the information in the full announcement. The full
announcement was released on SENS and RNS on

5 December 2022, and can be found on the Company's website at www.tharisa.com
(http://www.tharisa.com) and can also be viewed here,
https://senspdf.jse.co.za/documents/2022/jse/isse/THA/FYresults.pdf
(https://senspdf.jse.co.za/documents/2022/jse/isse/THA/FYresults.pdf) . Copies
of the announcement may also be requested at the Company's registered office,
at no charge, during office hours.

Any investment decision should be based on the full announcement published on
SENS and RNS.

Ernst & Young Cyprus Limited has expressed an unmodified audit opinion in
the Independent Auditor's Report dated 1 December 2022 on the audited
consolidated financial statements. That report also includes the communication
of key audit matters and is available on the Company's website:
https://www.tharisa.com/pdf/investors/annual-results/2022/independent-auditors-report.pdf.

By order of the Board

P Pouroulis Chief Executive
Officer                               MG Jones
Chief Finance Officer

5 December 2022

 

DIRECTORS

Loucas Pouroulis (Executive Chairman)

Phoevos Pouroulis (Chief Executive Officer)

Michael Jones (Chief Finance Officer)

Carol Bell (Lead Independent Director)

David Salter (Independent non-executive director)

Antonios Djakouris (Independent non-executive director)

Omar Kamal (Independent non-executive director)

Roger Davey (Independent non-executive director)

Shelley Wai Man Lo (Non-executive director)

Zhong Liang Hong (Non-executive director)

 

REGISTERED ADDRESS

Office 108 - 110

S. Pittokopitis Business Centre

17 Neophytou Nicolaides and Kilkis Streets, 8011 Paphos, Cyprus

www.tharisa.com (http://www.tharisa.com)

 

 

GROUP COMPANY SECRETARY

Sanet Findlay

The Crossing, 372 Main Road

Bryanston, Johannesburg, 2021

South Africa

Email: secretarial@tharisa.com (mailto:secretarial@tharisa.com)

 

ASSISTANT COMPANY SECRETARY

Lysandros Lysandrides

31 Evagoras Ave

6(th) Floor Evagoras House

1066 Nicosia

Cyprus

 

TRANSFER SECRETARIES

Computershare Investor Services Proprietary Limited, Cymain Registrars Limited

 

Paphos, Cyprus

5 December 2022

 

JSE Sponsor

Investec Bank Limited

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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 (mailto:igraulich@tharisa.com)

 

Financial PR Contacts:

Bobby Morse / Oonagh Reidy

+44 207 466 5000

tharisa@buchanan.uk.com (mailto:tharisa@buchanan.uk.com)

 

Broker Contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / Georgia Langoulant

+44 207 7418 8900

 

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Nick Macann

+44 207 236 1010

 

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Lee / 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
operating 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 Karo Mining Holdings a development
stage, low-cost, open-pit PGM asset, located on the Great Dyke in Zimbabwe.
The Company is committed to reducing its carbon emissions by 30% by 2030 and
the development of a roadmap is continuing to be net carbon neutral by 2050.
Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the
Main Board of the London Stock Exchange (LSE: THS).

 

 

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