Announcements 2026

Condensed reviewed interim financial results for the six months ended 31 December 2025 and a record interim cash dividend declaration

27 Feb 2026

Shareholders of Northam Holdings (“Shareholders”) are hereby advised that the company has today published its condensed reviewed interim financial results for the six months ended 31 December 2025 (“Interim Results”).

Financial results overview

    Six months ended 31 December 2025 Six months ended 31 December 2024 Variance
Sales revenue R000 23 250 372 14 534 271 60.0%
Operating profit R000 5 840 257 1 083 226 439.2%
Operating profit margin % 25.1 7.5 234.7%
Basic earnings per share cents 2 006.0 61.5 >1 000.0%
Headline earnings per share cents 1 524.0 61.1 >1 000.0%
Dividends per share cents 700.0 15.0 >1 000.0%
EBITDA* R000 7 451 127 1 761 810 322.9%
EBITDA margin % 32.0 12.1 164.5%

* Earnings before interest, taxation, depreciation, amortisation and reversal of impairment.

Record interim cash dividend declaration

For the six months ended 31 December 2025, the board of directors of the company (“the board”) has resolved to declare and pay a record interim gross cash dividend of 700.0 cents per share (31 December 2024: 15.0 cents per share and for 30 June 2025: 200.0 cents per share), which in aggregate amounts to a gross cash dividend of approximately R2.8 billion. The interim gross cash dividend has been declared from income reserves.

A dividend withholding tax of 20.0% will be applicable to Shareholders who are not exempt from, or who do not qualify for, a reduced rate of dividend withholding tax. Accordingly, for those Shareholders subject to dividend withholding tax at a rate of 20.0%, the interim net cash dividend will amount to 560.0 cents per share (31 December 2024: 12.0 cents per share and for 30 June 2025: 160.0 cents per share).

 

The following dates are applicable to the interim cash dividend:

Last day to trade to qualify and participate in the dividend (cum dividend), on Tuesday, 17 March 2026
Trading ex-dividend, on Wednesday, 18 March 2026
Record date to determine which Shareholders are eligible to receive the dividend, on Friday, 20 March 2026
Payment date of the dividend, on Monday, 23 March 2026

Shareholders may not dematerialise or rematerialise their shares between Wednesday, 18 March 2026 and Friday, 20 March 2026, both days inclusive.

The following additional information is disclosed regarding the interim cash dividend:

  • Northam Holdings’ issued share capital as at the declaration date is 400 102 916 ordinary shares (of which 1 share is held by Northam Platinum, a subsidiary of Northam Holdings)
  • Northam Holdings’ registration number is 2020/905346/06
  • Northam Holdings’ income tax reference number is 9586451198

About this announcement

This announcement, which contains information extracted from the Interim Results, is the responsibility of the board and has been prepared in compliance with the JSE Listings Requirements.

As the information in this announcement does not provide all of the details, any investment decisions should be based on the published condensed reviewed interim financial results for the six months ended 31 December 2025 (which incorporates the external auditor’s report in which PricewaterhouseCoopers Incorporated expressed an unmodified review conclusion) accessible via the JSE cloudlink at: https://senspdf.jse.co.za/documents/2026/JSE/ISSE/NPHE/Interim_26.pdf and on the company’s website at: https://northam.co.za/component/jdownloads/?task=download.send&id=1621&catid=187&m=0&Itemid=347.

Johannesburg
27 February 2026

Corporate Advisor and Sponsor to Northam Holdings
One Capital

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital