Page 139 - Profile's Stock Exchange Handbook - 2026 Issue 2

Profile’s Stock Exchange Handbook: 2026 - Issue 2 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), Pavlovski B (ne), and the Industrial Development Corporation of South Africa (IDC).
Senosi M (ne), Wang Dr H (ne), West Dr S (ne), He Y ( (CEO & MD, ne) Merafe and Glencore formed the Venture in July 2004 when they
MAJOR ORDINARY SHAREHOLDERS as at 1 Sep 2025 pooled their chrome operations to create the largest ferrochrome
Kinetic Crest Ltd. 35.70% producer in the world.
Goldway Capital Investment Ltd. 19.50% SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining
Senosi Group Investment Holdings (Pty) Ltd. 14.80% NUMBER OF EMPLOYEES: 6 591
POSTAL ADDRESS: Ground Floor, Greystone Building, DIRECTORS: Green D (ne), Mabusela-Aikhuere N (ind ne),
Fourways Golf Park, Roos Street, Fourways, 2191 Mclaughlan J (ind ne), Tlale K (ind ne), Vuso M J (ind ne), Phiri S D
MORE INFO: www.sharedata.co.za/sdo/jse/MCZ (Chair, ind ne), Matlala Z (CEO), Chocho D (FD)
COMPANY SECRETARY: Blagojce (Bill) Pavlovski MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2025
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Glencore Netherlands B.V 28.82%
SPONSOR: Investec Bank Ltd. Industrial Development Corporation of SA Ltd. 21.88%
AUDITORS: Mazars Inc. POSTAL ADDRESS: PO Box 652157, Benmore, 2010
CAPITAL STRUCTURE Authorised Issued MORE INFO: www.sharedata.co.za/sdo/jse/MRF
MCZ Ords no par val - 414 013 349 COMPANY SECRETARY: CorpStat Governance Services
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
LIQUIDITY: Apr26 Avg 79 531 shares p.w., R170 814.8(1.0% p.a.) SPONSOR: One Capital Sponsor Services (Pty) Ltd.
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
Final No 23 30 Mar 26 7 Apr 26 8.00
Interim No 22 2 Sep 25 8 Sep 25 4.00
LIQUIDITY: Apr26 Avg 10m shares p.w., R10.9m(20.0% p.a.)
FINANCIAL STATISTICS
(USD ‘000) Dec 25 Jun 25 Jun 24 Jun 23 Jun 22
Interim Final Final Final Final
Turnover 6 581 17 452 36 665 44 799 23 511
Op Inc - 8 527 - 37 386 - 13 849 - 2 724 - 19 154
NetIntPd(Rcvd) - 1 867 1 217 1 284 1 565
Minority Int - 214 - 303 - 329 - 83 - 103
Att Inc - 8 137 - 35 681 - 14 319 - 4 315 - 20 732
TotCompInc/Loss - 2 835 - 33 770 - 12 923 - 14 874 - 33 181
Fixed Ass 69 418 47 464 33 745 34 621 23 475 FINANCIAL STATISTICS
Tot Curr Ass 5 551 11 147 2 206 16 045 8 531 (R million) Dec 25 Dec 24 Dec 23 Dec 22 Dec 21
Ord SH Int 103 683 84 747 76 643 88 258 77 960 Final Final(rst) Final(rst) Final Final
Minority Int - 1 753 - 1 539 - 1 236 - 907 - 824 Revenue 5 835 8 443 9 244 7 939 8 063
LT Liab 10 006 8 863 13 624 11 663 14 337 Op Inc 123 789 2 315 1 925 2 315
Tot Curr Liab 22 855 22 876 26 608 25 421 33 942 NetIntPd(Rcvd) - 67 - 98 - 38 - 25 - 11
PER SHARE STATISTICS (cents per share) Att Inc 143 667 1 753 1 410 1 674
HEPS-C (ZARc) - 21.29 - 40.88 - 64.52 - 25.94 - 54.64 TotCompInc/Loss 143 667 1 753 1 410 1 674
NAV PS (ZARc) 248.23 252.08 336.88 415.77 641.29 Fixed Ass 1 148 1 125 1 388 1 075 713
3 Yr Beta 1.84 1.15 0.42 - 0.41 1.28 Tot Curr Ass 4 740 4 882 5 182 4 509 4 179
Price High 300 246 262 797 206 Ord SH Int 4 719 4 876 5 259 4 330 3 770
Price Low 124 100 145 118 90 LT Liab 370 340 419 418 283
Price Prd End 235 142 192 235 145 Tot Curr Liab 967 926 971 908 892
RATIOS PER SHARE STATISTICS (cents per share)
Ret on SH Fnd - 16.39 - 43.25 - 19.43 - 5.03 - 27.01 HEPS-C (ZARc) 12.20 42.90 60.10 56.40 66.95
Oper Pft Mgn - 129.57 - 214.22 - 37.77 - 6.08 - 81.47 DPS (ZARc) 12.00 28.00 42.00 25.00 29.00
D:E 0.22 0.26 0.43 0.32 0.49 NAV PS (ZARc) 188.82 195.11 210.42 173.27 150.43
Current Ratio 0.24 0.49 0.08 0.63 0.25 3 Yr Beta 0.47 0.56 1.13 1.45 1.66
Price High 160 161 146 196 124
Price Low 94 120 104 103 41
Price Prd End 109 140 130 132 120
RATIOS
Ret on SH Fnd 3.02 13.68 33.34 32.56 44.39
This publication is also Oper Pft Mgn 2.10 9.34 25.04 24.25 28.71
0.08
0.07
0.08
0.10
0.08
D:E
available online Current Ratio 4.90 5.27 5.33 4.97 4.68
2.26
1.67
0.95
Div Cover
0.48
2.30
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