Kumba Iron Ore Income Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	70,077	68,529	86,234	74,032	102,092
Revenue Growth (YoY)	2.26%	-20.53%	16.48%	-27.48%	27.45%
Cost of Revenue	10,038	12,934	14,053	10,719	13,794
Gross Profit	60,039	55,595	72,181	63,313	88,298
Selling, General & Admin	25,510	25,601	23,689	23,128	20,897
Other Operating Expenses	3,219	2,329	3,343	3,040	2,810
Operating Expenses	34,923	32,909	32,078	31,207	28,751
Operating Income	25,116	22,686	40,103	32,106	59,547
Interest Expense	-748	-389	-554	-381	-175
Interest & Investment Income	1,382	800	685	377	779
Earnings From Equity Investments	-1	-1	-26	-	-
Currency Exchange Gain (Loss)	-529	218	575	-	-
Other Non Operating Income (Expenses)	1,026	39	-118	155	-149
EBT Excluding Unusual Items	26,246	23,353	40,665	32,257	60,002
Gain (Loss) on Sale of Investments	218	112	81	-	-
Gain (Loss) on Sale of Assets	-232	1	1	-74	-
Asset Writedown	-	3,184	-	-5,411	-
Pretax Income	26,232	26,650	40,747	26,772	60,002
Income Tax Expense	7,075	7,375	10,942	7,117	16,345
Earnings From Continuing Operations	19,157	19,275	29,805	19,655	43,657
Net Income to Company	19,157	19,275	29,805	19,655	43,657
Minority Interest in Earnings	-4,546	-4,576	-7,080	-4,687	-10,391
Net Income	14,611	14,699	22,725	14,968	33,266
Net Income to Common	14,611	14,699	22,725	14,968	33,266
Net Income Growth	-0.60%	-35.32%	51.82%	-55.01%	46.04%
Shares Outstanding (Basic)	321	321	321	321	321
Shares Outstanding (Diluted)	322	322	322	322	322
Shares Change (YoY)	-0.03%	-0.01%	0.02%	-0.06%	0.02%
EPS (Basic)	45.57	45.81	70.80	46.64	103.67
EPS (Diluted)	45.43	45.70	70.64	46.54	103.37
EPS Growth	-0.59%	-35.31%	51.78%	-54.98%	46.02%
Free Cash Flow	21,205	22,824	21,031	19,219	44,416
Free Cash Flow Per Share	65.94	70.95	65.37	59.75	138.01
Dividend Per Share	32.030	38.670	46.800	45.000	103.200
Dividend Growth	-17.17%	-17.37%	4.00%	-56.39%	69.46%
Gross Margin	85.68%	81.13%	83.70%	85.52%	86.49%
Operating Margin	35.84%	33.10%	46.51%	43.37%	58.33%
Profit Margin	20.85%	21.45%	26.35%	20.22%	32.58%
Free Cash Flow Margin	30.26%	33.31%	24.39%	25.96%	43.51%
EBITDA	31,169	27,490	44,906	36,959	64,450
EBITDA Margin	44.48%	40.11%	52.08%	49.92%	63.13%
D&A For EBITDA	6,053	4,804	4,803	4,853	4,903
EBIT	25,116	22,686	40,103	32,106	59,547
EBIT Margin	35.84%	33.10%	46.51%	43.37%	58.33%
Effective Tax Rate	26.97%	27.67%	26.85%	26.58%	27.24%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.