Trading Statement - H1 FY2025

JSE share code: THA

LSE share code: THS

A2X share code: THA

('Tharisa' or the 'Company')

Trading statement - interim results for the six months ended 31 March 2025

In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding reporting period.

A production update for the six months ended 31 March 2025 was released on the JSE Stock Exchange News Service and LSE Regulatory News Service on 10 April 2025. The production report highlighted unprecedented weather-related operational challenges and the weaker chrome price on a year-by-year basis.

Tharisa is preparing its financial statements for the interim period, with the Reviewed Interim Consolidated Financial Statements expected to be released on or about 22 May 2025.

Tharisa's basic earnings per share ('EPS') for the six months ended 31 March 2025 is expected to be between US 2 cents and US 3 cents per share with a tolerance of 10%. This is a decrease of 76.6% to 84.3% relative to the EPS of US 12.8 cents per share for the six months ended 31 March 2024.

Headline earnings per share ('HEPS') for the six months ended 31 March 2025 are expected to be between US 2 cents and US 3 cents per share with a tolerance of 10%, this is a decrease of 77.2% to 84.8% relative to the HEPS of US 13.2 cents per share for the six months ended 31 March 2025.

The financial information on which this trading statement is based has not been reviewed and reported on by the Company's auditors.

Paphos, Cyprus

JSE Sponsor

Investec Bank Limited

Connect with us on LinkedIn to get further news and updates about our business.