Xavier Radio Ug News 24 7
Mining Company Exxaro has posted a steady set of full-year results for the financial year ending the 31st of December 2025.
Despite a drop in coal export prices in the period, the company reported an eight percent rise in headline earnings per share, higher revenues and a dividend payout totaling R6.3 billion.
The miner says it remains committed to maintaining safety at its various operations, as evidenced by zero fatalities for more than three years.
As Exxaro celebrates 20 years since its listing on the Johannesburg Stock Exchange (JSE), the diversified miner emphasised its commitment to safety. Despite a challenging global environment which saw the company grappling with lower coal export prices, coal remains the lifeblood of the business. Exxaro delivered shareholder value through a final dividend payout of 10-rand following, an interim payout of over 8-rand last year.
“Safety is very important to the mining industry, and today, at our annual results, we celebrate 42 months without any fatalities across all of Exxaro. This achievement involves almost 18,000 employees and many operations across the country, with everyone working safely. We also recorded the best-ever lost time frequency rate—a measure of how many people return to work the following day after a work injury—which is now a record 0.4%. Normally, this translates to costs, so our cost management programs have been well implemented and embedded,” says Exxaro CEO, Ben Magara.
Exxaro has welcomed the logistics reform at Transnet which have supported the efficient exporting of coal, despite the uncertain global environment.
“There is more demand now for both oil and liquid natural gas, and because the demand for those is higher and there isn’t enough supply, our customers are able to switch between natural gas and coal. As a result, we are seeing a corresponding increase in coal demand and prices. We’re already seeing a 15% increase in coal prices, which means our margins will improve. The pressure, unfortunately, from these disruptions is inflationary due to the exchange rate and diesel prices. So, we focus on managing the volumes of diesel that we consume at our mines to ensure the longevity of our operations. Domestically, we are very happy to see the shifting relationship between government and the private sector, which is delivering good results. The performance of Transnet has been pleasing, and our coal volumes for export continue to improve year after year,” says Magara.
Exxaro has emphasised its commitment to diversify and expand its interest in coal, renewables and the metals market. It says the acquisition of several Manganese mines will deliver significant value for the business.
Exxaro reports an 8% rise in headline earnings per share
www.sabcnews.com, https://www.sabcnews.com/sabcnews/exxaro-reports-solid-results-amid-20th-jse-anniversary/
