Page 75 - Profile's Stock Exchange Handbook - 2026 Issue 2

Profile’s Stock Exchange Handbook: 2026 - Issue 2 JSE - AFR
African Rainbow Minerals Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
AUDITORS: Deloitte, KPMG Inc.
BANKERS: ABSA Bank Ltd., FirstRand Bank Ltd., Nedbank Ltd.,
Standard Bank of South Africa Ltd.
SEGMENTAL REPORTING as at 31 Dec 25 (as a % of Sales)
Ferrous 50.79%
Platinum 44.64%
Coal 4.57%
CALENDAR Expected Status
Next Final Results Sep 2026 Unconfirmed
ISIN: ZAE000054045 SHORT: ARM CODE: ARI Annual General Meeting Dec 2026 Unconfirmed
REG NO: 1933/004580/06 FOUNDED: 1933 LISTED: 1988 Next Interim Results Mar 2027 Unconfirmed
Issued
Authorised
NATURE OF BUSINESS: CAPITAL STRUCTURE 500 000 000 208 710 769
Ords 5c ea
ARI
African Rainbow Minerals (ARM) is a leading diversified
mining and minerals company with operations in South DISTRIBUTIONS [ZARc]
Ldt
Pay
Amt
Africa. ARM mines and beneficiates iron ore, manganese Ords 5c ea 7 Apr 26 13 Apr 26 500.00
Interim No 134
ore, chrome ore, platinum group metals (PGMs), and coal. Final No 133 30 Sep 25 6 Oct 25 600.00
It also has a strategic investment in gold through Harmony Interim No 132 1 Apr 25 7 Apr 25 450.00
Gold Mining Company Ltd. (Harmony). Final No 131 1 Oct 24 7 Oct 24 900.00
SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining LIQUIDITY: Mar26 Avg 3m shares p.w., R583.5m(80.3% p.a.)
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025
African Rainbow Minerals & Exploration Investments 43.13% ARM 40 Week MA INDM 40000
ARM Broad-Based Economic Empowerment Trust 7.62% 35000
Government Employees Pension Fund 6.20%
FINANCIAL STATISTICS 30000
Dec 25 Jun 25 Jun 24 Jun 23 Jun 22 25000
(R million)
Interim Final Final Final(rst) Final 20000
Turnover 8 399 13 027 12 921 16 097 18 406
Op Inc 1 880 - 567 76 4 953 8 001 15000
IntPd - 323 - 617 - 868 - 582 - 395 10000
Tax 849 561 - 96 1 833 2 736 2022 2023 2024 2025 2026
Minority Int 688 179 - 850 1 242 1 938
Att Inc 2 353 330 3 146 8 080 12 426 RECENT ANNOUNCEMENTS
TotCompInc/Loss 7 500 5 137 7 447 11 070 14 412 ARM interim results December 2025 - Friday, 06 March
Hline Erngs-CO 1 669 2 695 5 080 8 983 11 338
Fixed Ass 18 963 17 212 18 153 16 197 9 645 2026: Revenue for the interim period increased to
Inv in Assoc 19 981 21 394 22 808 23 661 24 193 R8.4 billion (2024: R6.4 billion). Profit from operations
Investments 25 837 18 633 12 857 6 148 4 104 before capital items increased to R1.9 billion (2024: loss of
Def Tax Asset 917 921 921 935 215 R409 million). Profit for the period attributable to equity
Tot Curr Ass 17 397 15 726 15 370 16 466 20 685 holders of ARM increased to R2.4 billion (2024: R1.4 billion).
Ord SH Int 61 581 55 861 54 006 49 214 46 158 Furthermore, headline earnings per share increased to 866
Non-Cont Int 4 948 4 260 4 081 4 931 4 205 cents per share (2024: 775 cents per share).
LT Liab 12 928 9 683 7 111 6 250 5 510 Dividend declaration
Tot Curr Liab 4 193 4 521 5 494 3 622 3 298 ARM aims to pay ordinary dividends to shareholders
PER SHARE STATISTICS (cents per share) in line with our dividend guiding principles. Dividends
EPS (ZARc) 1 220.00 169.00 1 604.00 4 121.00 6 343.00 are at the discretion of the Board which considers the
HEPS-C (ZARc) 866.00 1 379.00 2 591.00 4 582.00 5 787.00
Pct chng p.a. 25.6 - 46.8 - 43.5 - 20.8 - 13.5 company’s capital allocation guiding principles as well
Tr 5yr av grwth % - 2.0 12.4 22.6 36.7 as other relevant factors such as financial performance,
DPS (ZARc) 500.00 1 050.00 1 500.00 2 600.00 3 200.00 commodities outlook, investment opportunities, gearing
Pct chng p.a. - 4.8 - 30.0 - 42.3 - 18.8 6.7 levels as well as solvency and liquidity requirements of the
Tr 5yr av grwth % - 13.1 17.6 32.0 46.6 Companies Act.
NAV PS (ZARc) 29 505.39 26 764.76 24 038.00 21 905.00 20 545.00 For 1H F2026, the board approved and declared an interim
3 Yr Beta 1.70 1.36 1.66 1.24 1.83 dividend of 500 cents per share (gross) (1H F2025: 450
Price High 20 349 24 476 23 998 31 900 30 641 cents per share). The amount to be paid is approximately
Price Low 16 310 11 507 14 662 19 100 17 895 R1 044 million.
Price Prd End 19 890 17 207 22 700 19 901 21 375 Company outlook
RATIOS
Ret on Equity 9.14 0.85 9.40 18.30 24.60 Global economic growth is expected to remain stable,
ROOA 8.22 4.38 0.20 15.20 26.40 with expansion projected at approximately 3.3% in 2026
Oper Pft Mgn 22.38 - 4.35 0.70 33.80 47.30 and 3.2% in 2027, supported by strong technology-
Net D:E 0.20 0.17 0.13 0.12 0.11 related investment, particularly in artificial intelligence
Int Cover n/a 4.46 22.90 39.80 56.10 (AI), alongside accommodative financial conditions and
Current Ratio 4.15 3.48 2.80 4.55 6.27 policy support. Global inflation is anticipated to decline
Div Cover 2.44 0.16 2.88 3.82 2.89 gradually from 4.1% in 2025 to 3.4% by 2027, although
NUMBER OF EMPLOYEES: 21 727 inflation in the United States is expected to moderate
DIRECTORS: Boardman T A (ind ne), Botha A D more slowly than in other major economies. While the
(ind ne), Kennedy B (ind ne), Mnisi P J (ind ne), outlook remains broadly resilient, downside risks persist,
Noko D C (ld ind ne), Nqwababa B (ind ne), including potential financial market corrections linked to
Ramuthaga T G (ind ne), Steenkamp P W (ind ne)
Steenkamp J C (ne), Motsepe Dr P T (Chair, ne), changing expectations around AI productivity, rising trade,
Tobias V P (CEO), Mhlanga T T A (FD), geopolitical tensions and elevated global debt levels.
Abbott F (ind ne)
POSTAL ADDRESS: PO Box 786136,
Sandton, 2146 Scan the QR code to
EMAIL: ir.admin@arm.co.za visit our website
WEBSITE: www.arm.co.za
TELEPHONE: 011-779-1300
COMPANY SECRETARY: Alyson D’Oyley
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