Interim report
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THUNGELA RESOURCES LIMITED ( Incorporated in the Republic of South Africa ) ( Registration number : 2021/303811/06 ) JSE Share Code : TGA LSE Share Code : TGA ISIN : ZAE000296554 Tax number : 9111917259 ( ' Thungela ' or the ' Company ' and , together with its affiliates , the ' Group ' ) Interim results for the six months ended 30 June 2026 and ordinary cash dividend declaration Strong performance underpinned by consistent operational execution and financial discipline • Total recordable case frequency rate improved to 2.62 • • • Group recorded export saleable production of 8.5Mt , an increase of 6 % Adjusted operating free cash flow * of R1.9 billion for the period and net cash * of R6.1 billion at 30 June 2026 Declaration of an interim ordinary cash dividend of R5.50 per share • Full - year guidance reaffirmed Key performance metrics ( Rand million unless otherwise stated ) 30 June 2026 Export saleable production ( kt ) 8,477 30 June 2025 | 8,012 % change 6 Export equity sales ( kt ) 8,938 8,319 7 Revenue 15,172 14,813 2 Profit for the reporting period 1,391 248 461 Earnings per share ( cents / share ) 1,095 193 467 Headline earnings per share ( cents / share ) 480 192 150 Dividend per share ( cents / share ) 550 200 175 Alternative performance measures * Adjusted EBITDA 1,318 691 91 Adjusted EBITDA margin ( % ) 8.7 4.7 4pp Adjusted operating free cash flow 1,894 484 291 Net cash 6,113 6,250 ( 2 ) Sustaining capital expenditure ( 705 ) ( 703 )