Page 193 - Profile's Stock Exchange Handbook - 2026 Issue 2

Profile’s Stock Exchange Handbook: 2026 - Issue 2 JSE - THA
Tharisa plc Thungela Resources Ltd.

ISIN: ZAE000296554 SHORT: THUNGELA CODE: TGA
REG NO: 2021/303811/06 FOUNDED: 2020 LISTED: 2021
NATURE OF BUSINESS: Thungela, which means ‘to ignite’ in isiZulu,
is a global pure-play producer and exporter of high-quality,
cost-competitive thermal coal, with operations in South Africa
ISIN: CY0103562118 SHORT: THARISA CODE: THA and Australia. Thungela’s quality coal reserves and marketable
REG NO: HE223412 FOUNDED: 2008 LISTED: 2014 production, positions Thungela as a key player in the global energy
NATURE OF BUSINESS: Tharisa is an integrated resource group market as it delivers coal through world-class ports, powering
playing a pivotal role in the global energy transition and the nations. The Group owns interests in and produces its thermal coal
decarbonisation of economies. Leveraging innovation and from six mining operations located in Mpumalanga, South Africa,
technology, Tharisa covers the entire value chain – exploration, which consist of both underground and opencast mines, namely
mining, processing, beneficiation, marketing, sales and logistics – Goedehoop, Greenside, Isibonelo, Khwezela, Zibulo and Mafube.
for platinum group metals (PGMs) and chrome concentrates. Thungela disposed of its controlling interest in the Rietvlei Colliery
SECTOR: Basic Materials--Basic Resrcs--PreciousMet&Min--Plat&PrecMet on 30 November 2024.
NUMBER OF EMPLOYEES: 2 825 SECTOR: Energy--Energy--OilGas&Coal--Coal
DIRECTORS: Bell C (ld ind ne), Chen H (ne), Davey R (ind ne, British), NUMBER OF EMPLOYEES: 4 754
Lo S W M (ne, China), Salter Dr J D (ind ne, British), Vergopoulos Dr V DIRECTORS: French S G (ind ne), Jekwa Dr N Y (ind ne), Kodisang B M
(ind ne), Zvaravanhu G (ind ne), Pouroulis L C (Chair), Pouroulis P (CEO), (ld ind ne), McKeith T D (ind ne), Mzondeki K (ind ne), Ntsaluba S S
Jones M G (CFO) (Chair, ind ne), Moses M (CEO), Ndlovu J (CEO), Smith G F (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 29 Jan 2026 MAJOR ORDINARY SHAREHOLDERS as at 24 Mar 2026
Medway Developments Ltd. 41.92% Public Investment Corporation (SOC) Ltd. 11.40%
Rance Holdings Ltd. 9.46% Allan Gray (Pty) Ltd. 8.64%
Fujian Wuhang Stainless Steel Co Ltd. 9.09% Anglo American 7.96%
POSTAL ADDRESS: PO Box 62425, Paphos, Cyprus, 8064 POSTAL ADDRESS: PO Box 1521, Saxonwold, 2132
EMAIL: info@tharisa.com MORE INFO: www.sharedata.co.za/sdo/jse/TGA
WEBSITE: www.tharisa.com COMPANY SECRETARY: Altovise Alaxa Ellis
TELEPHONE: 011-996-3500 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
COMPANY SECRETARY: Sanet Findlay, Lysandros Lysandrides SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. AUDITORS: PwC Inc.
SPONSOR: Investec Bank Ltd. CAPITAL STRUCTURE Authorised Issued
AUDITORS: BDO Cyprus TGA Ords no par val 10 000 000 000 140 492 585
CAPITAL STRUCTURE Authorised Issued DISTRIBUTIONS [ZARc]
THA Ords USD0.001 10 000 000 000 302 596 743 Ords no par val Ldt Pay Amt
DISTRIBUTIONS [USDc] Final No 9 14 Apr 26 20 Apr 26 200.00
Ords USD0.001 Ldt Pay Amt Interim No 8 16 Sep 25 22 Sep 25 200.00
Final No 17 24 Feb 26 11 Mar 26 1.50 LIQUIDITY: Apr26 Avg 4m shares p.w., R434.1m(145.4% p.a.)
Interim No 16 10 Jun 25 25 Jun 25 1.50
LIQUIDITY: Apr26 Avg 539 136 shares p.w., R13.1m(9.3% p.a.)
THARISA 40 Week MA INDM
4000
3500
3000
2500
2000
1500
1000
2022 2023 2024 2025 2026 FINANCIAL STATISTICS
Dec 25 Dec 24 Dec 23 Dec 22 Dec 21
FINANCIAL STATISTICS (R million) Final Final Final Final Final
(USD ‘000) Sep 25 Sep 24 Sep 23 Sep 22 Sep 21 Turnover 29 599 35 554 30 634 50 753 26 282
Final Final Final Final Final Op Inc - 10 666 4 404 6 897 28 333 8 538
Turnover 602 911 721 394 649 893 685 996 596 345 NetIntPd(Rcvd) - 2 670 - 894 - 696 - 49 -
Op Inc 125 591 119 555 94 691 184 549 178 838 Minority Int - 22 - 48 - 192 1 217 509
NetIntPd(Rcvd) 1 539 3 281 2 329 3 382 3 502 Att Inc - 7 085 3 592 5 162 16 988 6 429
Tax 36 720 35 037 27 564 53 067 53 714 TotCompInc/Loss - 7 444 3 164 5 141 18 261 6 896
Minority Int 1 715 - 253 4 541 13 275 31 072 Fixed Ass 12 121 19 722 19 477 10 656 10 568
Att Inc 79 134 82 895 82 235 153 881 100 469 Inv & Loans 4 307 3 748 2 499 1 981 323
TotCompInc/Loss 84 386 115 363 73 945 97 407 151 991 Tot Curr Ass 13 869 18 777 19 642 23 798 16 374
Hline Erngs-CO 81 411 84 104 84 811 117 393 103 107 Ord SH Int 16 012 25 560 24 609 26 273 16 573
Fixed Ass 835 668 784 638 609 694 569 580 380 461 Minority Int 166 544 - 13 - 114 1 901
Tot Curr Ass 374 331 403 973 455 252 375 608 292 689 LT Liab 13 568 13 775 13 203 9 067 8 550
Ord SH Int 791 720 722 259 615 874 559 026 444 432
LT Liab 205 782 208 420 205 776 164 544 128 086 Tot Curr Liab 8 039 8 198 8 687 5 349 4 261
Tot Curr Liab 184 451 219 800 207 092 168 396 124 037 PER SHARE STATISTICS (cents per share)
PER SHARE STATISTICS (cents per share) HEPS-C (ZARc) - 647.00 2 559.00 3 497.00 13 082.00 6 657.00
EPS (ZARc) 481.94 513.28 498.13 851.12 554.64 DPS (ZARc) 400.00 1 300.00 2 000.00 10 000.00 1 800.00
HEPS-C (ZARc) 496.38 520.69 514.49 650.20 567.99 NAV PS (ZARc) 11 397.04 18 193.13 17 516.23 18 700.63 12 158.15
DPS (ZARc) 52.46 81.94 95.58 116.33 136.04 3 Yr Beta - 0.40 - 0.33 - - -
NAV PS (ZARc) 4 513.29 4 122.18 3 848.75 3 340.10 2 432.23 Price High 14 081 15 682 28 666 38 249 10 246
3 Yr Beta 1.03 1.17 1.20 1.51 1.19 Price Low 7 310 10 020 12 350 8 340 2 066
Price High 2 444 2 099 2 600 3 500 3 270 Price Prd End 9 600 13 369 15 380 28 666 8 454
Price Low 1 116 1 140 1 670 1 700 1 350 RATIOS
Price Prd End 2 420 1 800 1 730 2 075 2 070 Ret on SH Fnd - 43.93 13.58 20.21 69.59 37.56
RATIOS Oper Pft Mgn - 36.04 12.39 22.51 55.83 32.49
Ret on SH Fnd 9.54 10.60 12.85 26.94 29.15 D:E 0.84 0.53 0.54 0.35 0.47
Ret On Tot Ass 10.14 9.69 8.50 19.57 25.03 Current Ratio 1.73 2.29 2.26 4.45 3.84
Oper Pft Mgn 20.83 16.57 14.57 26.90 29.99 Div Cover - 13.66 2.06 1.88 1.27 3.39
D:E 0.33 0.34 0.40 0.33 0.32
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