Thungela reported HEPS down -80% to 192c for the six months to 30 June 2025, in line with a sharp fall in profits. Revenue fell -12% to R14.8bn on the back of softer coal prices. Cost inflation and lower grades pushed Ensham’s AISC up 25%. The board declared a 200c dividend and authorised a share repurchase of up to R140m.
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