REG - Tharisa PLC - Trading Statement - H1 FY2025

TharisaAnnouncement

19/05/2025 08:00

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RNS Number : 1842J  Tharisa PLC  19 May 2025

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 - interim results for the six months ended 31 March 2025

 

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 six months ended 31 March 2025 was released on the
JSE Stock Exchange News Service and LSE Regulatory News Service on 10 April
2025.  The production report highlighted unprecedented weather-related
operational challenges and the weaker chrome price on a year-by-year basis.

Tharisa is preparing its financial statements for the interim period, with the
Reviewed Interim Consolidated Financial Statements expected to be released on
or about 22 May 2025.

Tharisa's basic earnings per share ('EPS') for the six months ended 31 March
2025 is expected to be between US 2 cents and US 3 cents per share with a
tolerance of 10%.  This is a decrease of 76.6% to 84.3% relative to the EPS
of US 12.8 cents per share for the six months ended 31 March 2024.

Headline earnings per share ('HEPS') for the six months ended 31 March 2025
are expected to be between US 2 cents and US 3 cents per share with a
tolerance of 10%, this is a decrease of 77.2% to 84.8% relative to the HEPS of
US 13.2 cents per share for the six months ended 31 March 2025.

The financial information on which this trading statement is based has not
been reviewed and reported on by the Company's auditors.

 

Paphos, Cyprus

19 May 2025

JSE Sponsor

Investec Bank Limited

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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)

 

Broker Contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / Georgia Langoulant

+44 207 418 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

 

About Tharisa

Tharisa is an integrated resource group critical to the energy transition and
decarbonisation of economies. It incorporates exploration, mining, processing
and the beneficiation, marketing, sales, and logistics of PGMs and chrome
concentrates, using innovation and technology as enablers. Its principal
operating asset is the multi-generational Tharisa Mine, located in the
south-western limb of the Bushveld Complex, South Africa. Tharisa is also
developing the Karo Platinum Project, a tier-one PGM asset located on the
Great Dyke in Zimbabwe, while simultaneously focusing on beneficiation in the
form of chrome and PGM alloys. A 15-year Power Purchase Agreement for the
procurement of wheeled renewable energy and a 40 MW solar project will ensure
that Tharisa Minerals' drive to reduce its carbon footprint by 30% by 2030 is
well within reach, forming a major part of a roadmap to become net carbon
neutral by 2050. Redox One is accelerating the development of a proprietary
iron chromium redox flow long-duration battery utilising the commodities we
mine. Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and
has an Equity Shares (Transition) Category listing on the London Stock
Exchange (LSE: THS).

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