African Rainbow Minerals Limited (JSE:ARI)

African Rainbow Minerals Financials Overview

Financials in millions ZAR. Fiscal year is July - June.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Revenue Revenue Growth	15,248	15,248	11,661	11,418	14,662	16,917
Revenue Growth	10.40%	30.76%	2.13%	-22.13%	-13.33%	-13.94%
Gross Profit Gross Profit Growth	4,397	4,397	-190	877	5,826	9,176
Operating Income Operating Income Growth	3,162	3,162	-676	-34	4,743	8,063
Net Income Net Income Growth	3,998	3,998	330	3,146	8,080	12,426
Earnings Per Share EPS Growth	20.61	20.61	1.68	16.03	41.12	63.38
EPS Growth	211.27%	1126.79%	-89.52%	-61.02%	-35.12%	-0.95%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
IFRS Adjustment IFRS Adjustment Growth	-16,572	-16,572	-19,520	-21,270	-20,179	-21,291
ARM Coal ARM Coal Growth	1,602	1,602	1,734	2,120	2,689	2,821
ARM Ferrous ARM Ferrous Growth	16,572	16,572	19,520	21,270	20,179	21,291
ARM Platinum - Modikwa ARM Platinum - Modikwa Growth	4,186	4,186	2,899	2,833	3,961	4,562
ARM Platinum - Bokoni ARM Platinum - Bokoni Growth	37	37	818	551	-	-
ARM Platinum - Nkomati ARM Platinum - Nkomati Growth	69	69	-	-	-	-18
ARM Platinum - Two Rivers ARM Platinum - Two Rivers Growth	9,354	9,354	6,210	5,914	7,896	9,416
Total Total Growth	15,248	15,248	11,661	11,418	14,662	16,917

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Cash & Investments Cash & Investments Growth	11,013	11,013	9,058	8,989	10,535	12,344
Total Debt Total Debt Growth	157	157	2,035	1,129	242	484
Net Cash (Debt) Net Cash Growth	10,856	10,856	7,023	7,860	10,293	11,860
Net Cash Growth	17.22%	54.58%	-10.65%	-23.64%	-13.21%	39.99%
Net Cash Per Share Net Cash Per Share Growth	55.96	55.96	35.80	40.06	52.38	60.50

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Operating Cash Flow Operating Cash Flow Growth	8,302	8,302	5,092	7,597	12,909	11,063
Capital Expenditures CapEx Growth	-2,679	-2,679	-2,658	-6,292	-4,456	-2,202
Free Cash Flow Free Cash Flow Growth	5,623	5,623	2,434	1,305	8,453	8,861
Free Cash Flow Growth	9.14%	131.02%	86.51%	-84.56%	-4.60%	26.05%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Gross Margin	28.84%	28.84%	-1.63%	7.68%	39.73%	54.24%
Operating Margin	20.74%	20.74%	-5.80%	-0.30%	32.35%	47.66%
Pretax Margin	43.11%	43.11%	9.18%	19.27%	76.08%	101.08%
Profit Margin	26.22%	26.22%	2.83%	27.55%	55.11%	73.45%
FCF Margin	36.88%	36.88%	20.87%	11.43%	57.65%	52.38%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 8, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Dividend Per Share Dividend Per Share Growth	12.000	12.000	10.500	15.000	26.000	32.000
Dividend Per Share Growth	14.29%	14.29%	-30.00%	-42.31%	-18.75%	6.67%
Dividend Yield	6.43%	6.73%	6.44%	7.53%	16.67%	21.90%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 8, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
PE Ratio	9.05	9.32	102.23	14.15	4.83	3.37
Forward PE	7.74	6.14	9.03	6.50	3.81	3.35
P/FCF Ratio	6.40	6.63	13.86	34.10	4.62	4.73
PS Ratio	2.36	2.44	2.89	3.90	2.66	2.48

Data Source: S&P Global Market Intelligence Last updated: Sep 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 8, 2026

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