Trading Statement
FY24 earnings per share expected to fall 27-34% to R25-27.50, down from R37.66 in FY23.
- Expected EPS FY24 R25.00 - R27.50 per share (prior R37.66 per share)
- Expected HEPS FY24 R24.00 - R26.50 per share (prior R34.97 per share)
- Expected earnings attributable to shareholders FY24 R3.4 billion - R3.7 billion
- Expected headline earnings attributable to shareholders FY24 R3.2 billion - R3.5 billion
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JSE Share Code: TGA
LSE Share Code: TGA
Tax number: 9111917259
('Thungela' or the 'Company' and, together with its affiliates, the 'Group')
Thungela Resources Limited Trading Statement for the year ended 31 December 2024
Shareholders are advised that Thungela and its directors have a reasonable degree of certainty related to the expected financial results of the Group for the year ended 31 December 2024 in line with paragraph 3.4(b) of the JSE Listings Requirements.
Expected earnings per share and headline earnings per share
Shareholders are advised that earnings per share ('EPS') for the year ended 31 December 2024 (the 'current period') is expected to be between R25.00 and R27.50, a decrease of between R10.16 and R12.66 per share compared to EPS of R37.66 for the year ended 31 December 2023 (the 'prior period'). Earnings attributable to the shareholders of the Group for the current period is expected to be between R3.4 billion and R3.7 billion.
Headline earnings per share1 ('HEPS') for the current period is expected to be between R24.00 and R26.50, a decrease of between R8.47 and R10.97 per share compared to HEPS of R34.97 for the prior period. Headline earnings attributable to the shareholders of the Group for the current period is expected to be between R3.2 billion and R3.5 billion.
These EPS and HEPS figures are calculated using a weighted average number of shares of 134,238,447 for the current period and 137,056,628 for the prior period.
The expected EPS and HEPS ranges for the current period are summarised in the table below:
| Expected EPS/HEPS range (Rand per share) | Expected decrease from prior period (Rand per share) | Expected decrease from prior period (%) | |
| EPS | 25.00 - 27.50 | 10.16 - 12.66 | 27 - 34 |
| HEPS | 24.00 - 26.50 | 8.47 - 10.97 | 24 - 31 |
Thungela expects to release its financial results for the year ended 31 December 2024 on 17 March 2025. The financial results will be released on the Stock Exchange News Service of the JSE and the Regulatory News Service of the London Stock Exchange, and will be accompanied by an investor webinar and conference call on the same date.
The live webinar and conference call will start at 12:00 SAST (10:00 GMT). Details to register for the webinar and conference call are available below:
Webinar: https://78449.themediaframe.com/links/thungela250317_1200.html
Conference call: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=4371045&linkSecurityString=120f2faaf5
Deon Smith
Chief financial officer
Footnote
Johannesburg
Review of Trading Statement
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.