Exxaro reported HEPS up 13% to 1,724c for the six months to 30 June 2025. Revenue advanced 8% to R20.6bn, lifted by stronger coal volumes and a 96% export price realisation despite softer commodity prices. Production was 1% higher to 19.4Mt, with sales up 1% to 19.1Mt, while coal cash costs increased 4% to R651 per tonne. Interim dividend up 6% to 843c, supported by cash flows & its Sishen Iron Ore dividend pass through. This is Exxaro’s 45th consecutive dividend declaration since listing on the JSE 19 years ago.
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