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Merafe - production report and trading statement
Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture ("Venture") for the six months ended 30 June 2026 (the "Period" or the "Current Period") amounted to 28kt, representing a 75% decrease in production compared to the six months ended 30 June 2025 (the "Prior Comparative Period"). The decline in production is primarily attributable to the suspension of production at the Venture's Wonderkop and Boshoek smelters, as well as the partial suspension at the Lion smelter during the Current Period.
Trading statement
For the six months ended 30 June 2026, Merafe is expecting to report:
- basic earnings per share ("EPS") of between 19.5 cents and 21.4 cents, compared to EPS of 9.3 cents for the Prior Comparative Period, being an increase of between 110% and 130%; and
- headline earnings per share ("HEPS") of between 19.5 cents and 22.0 cents, compared to HEPS of 12.6 cents for the Prior Comparative Period, being an increase of between 55% and 75%.
The financial results for the six months ended 30 June 2026 are expected to be released on SENS on or about 11 August 2026.
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