Page 141 - Profile's Stock Exchange Handbook - 2026 Issue 1

Profile’s Stock Exchange Handbook: 2026 - Issue 1 JSE - MC
MC Mining Ltd. Merafe Resources Ltd.
ISIN: AU000000MCM9 SHORT: MC MINING CODE: MCZ ISIN: ZAE000060000 SHORT: MERAFE CODE: MRF
REG NO: ABN008905388 FOUNDED: 1979 LISTED: 2006 REG NO: 1987/003452/06 FOUNDED: 1987 LISTED: 1988
NATURE OF BUSINESS: MC Mining is an ASX/JSE-listed coal NATURE OF BUSINESS: Merafe is listed on the Johannesburg Stock
exploration, development and mining company operating in Exchange (JSE) and A2X in the General Mining sector under the
South Africa. MC Mining’s key projects include the Uitkomst share code MRF. Merafe’s business is the 20.5% participation
Colliery (metallurgical and thermal coal), Makhado Project (hard through its wholly-owned subsidiary, Merafe Ferrochrome, in
coking coal), Vele Colliery (semi-soft coking and thermal coal), and the earnings before interest, tax, depreciation and amortisation
the Greater Soutpansberg Projects (coking and thermal coal). (EBITDA) of the Venture in which Glencore Operations South
SECTOR: Energy--Energy--OilGas&Coal--Coal Africa (Pty) Ltd. (Glencore) has a 79.5% participation. The group’s
NUMBER OF EMPLOYEES: 554 major shareholders are Glencore (Netherlands) B.V. (Glencore BV)
DIRECTORS: Deng J (ne), Lanlan W (ne), Muhui H (ne), and the Industrial Development Corporation of South Africa (IDC).
Pavlovski B (ne), Senosi M (ne), Wang Dr H (ne), West Dr S (ne), Merafe and Glencore formed the Venture in July 2004 when they
He Y (CEO & MD, ne) pooled their chrome operations to create the largest ferrochrome
MAJOR ORDINARY SHAREHOLDERS as at 7 Sep 2025 producer in the world.
Kinetic Crest Ltd. 35.70% SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining
Goldway Capital Investment Ltd. 19.50% NUMBER OF EMPLOYEES: 6 591
Senosi Group Investment Holdings (Pty) Ltd. 14.80% DIRECTORS: Green D (ne), Mabusela-Aikhuere N (ind ne),
POSTAL ADDRESS: Ground Floor, Greystone Building, Fourways McGluwa D (ne), Mclaughlan J (ind ne), Tlale K (ind ne), Vuso M J
Golf Park, Roos Street, Fourways, 2191 (ind ne), Phiri S D (Chair, ind ne), Matlala Z (CEO), Chocho D (FD)
MORE INFO: www.sharedata.co.za/sdo/jse/MCZ MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024
COMPANY SECRETARY: Blagojce (Bill) Pavlovski Glencore BV 28.82%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Industrial Development Corporation of SA Ltd. 21.88%
SPONSOR: Investec Bank Ltd. POSTAL ADDRESS: PO Box 652157, Benmore, 2010
AUDITORS: Mazars Inc. MORE INFO: www.sharedata.co.za/sdo/jse/MRF
CAPITAL STRUCTURE Authorised Issued COMPANY SECRETARY: CorpStat Governance Services
MCZ Ords no par val - 414 013 349 TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
SPONSOR: One Capital Sponsor Services (Pty) Ltd.
LIQUIDITY: Jan26 Avg 73 744 shares p.w., R128 603.8(0.9% p.a.) AUDITORS: Deloitte & Touche Inc.
CAPITAL STRUCTURE Authorised Issued
MRF Ords 1c ea 3 500 000 000 2 499 126 870
DISTRIBUTIONS [ZARc]
Ords 1c ea Ldt Pay Amt
Interim No 22 2 Sep 25 8 Sep 25 4.00
Final No 21 1 Apr 25 7 Apr 25 8.00
LIQUIDITY: Jan26 Avg 11m shares p.w., R12.7m(22.8% p.a.)
FINANCIAL STATISTICS
(USD ‘000) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21
Final Final Final Final Final
Turnover 17 452 36 665 44 799 23 511 20 702
Op Inc - 37 386 - 13 849 - 2 724 - 19 154 - 10 676
NetIntPd(Rcvd) 867 1 217 1 284 1 565 1 431
Minority Int - 303 - 329 - 83 - 103 - 93
Att Inc - 35 681 - 14 319 - 4 315 - 20 732 - 11 744
TotCompInc/Loss - 33 770 - 12 923 - 14 874 - 33 181 6 567 FINANCIAL STATISTICS
Fixed Ass 47 464 33 745 34 621 23 475 27 370 (R million) Jun 25 Dec 24 Dec 23 Dec 22 Dec 21
Tot Curr Ass 11 147 2 206 16 045 8 531 7 494 Interim Final Final Final Final
Ord SH Int 84 747 76 643 88 258 77 960 107 245 Revenue 2 519 8 443 9 244 7 939 8 063
Minority Int - 1 539 - 1 236 - 907 - 824 - 721 Op Inc 286 822 2 315 1 925 2 315
LT Liab 8 863 13 624 11 663 14 337 13 166 NetIntPd(Rcvd) - 20 - 65 - 38 - 25 - 11
Tot Curr Liab 22 876 26 608 25 421 33 942 35 087 Att Inc 233 667 1 753 1 410 1 674
PER SHARE STATISTICS (cents per share) TotCompInc/Loss 233 667 1 753 1 410 1 674
HEPS-C (ZARc) - 40.88 - 64.52 - 25.94 - 54.64 - 51.32 Fixed Ass 1 112 1 125 1 388 1 075 713
NAV PS (ZARc) 252.08 336.88 415.77 641.29 995.22 Tot Curr Ass 4 762 4 882 5 182 4 509 4 179
3 Yr Beta 1.15 0.42 - 0.41 1.28 1.73 Ord SH Int 4 909 4 876 5 259 4 330 3 770
Price High 246 262 797 206 400 LT Liab 352 340 419 418 283
Price Low 100 145 118 90 85 Tot Curr Liab 745 926 971 908 892
Price Prd End 142 192 235 145 103 PER SHARE STATISTICS (cents per share)
RATIOS HEPS-C (ZARc) 12.60 42.90 60.10 56.40 66.95
Ret on SH Fnd - 43.25 - 19.43 - 5.03 - 27.01 - 11.11 DPS (ZARc) 4.00 28.00 42.00 25.00 29.00
Oper Pft Mgn - 214.22 - 37.77 - 6.08 - 81.47 - 51.57 NAV PS (ZARc) 196.44 195.11 210.42 173.27 150.43
D:E 0.26 0.43 0.32 0.49 0.32 3 Yr Beta 0.59 0.56 1.13 1.45 1.66
Current Ratio 0.49 0.08 0.63 0.25 0.21 Price High 160 161 146 196 124
Price Low 100 120 104 103 41
Price Prd End 131 140 130 132 120
RATIOS
Ret on SH Fnd 9.49 13.68 33.34 32.56 44.39
Oper Pft Mgn 11.35 9.73 25.04 24.25 28.71
D:E 0.07 0.07 0.08 0.10 0.08
Current Ratio 6.39 5.27 5.33 4.97 4.68
Div Cover 2.33 0.95 1.67 2.26 2.30

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