Merafe Resources Limited (JSE:MRF)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc | Market Cap | 3.40B +30.8% |
| Revenue (ttm) | 6.75B +8.5% |
| Net Income | 421.50M +133.4% |
| EPS | 0.17 +134.2% |
| Shares Out | 2.50B |
| PE Ratio | 8.06 |
| Forward PE | 4.39 |
| Dividend | 0.12 (8.96%) |
| Ex-Dividend Date | Sep 2, 2026 |
| Volume | 12,782 |
| Open | 136.00 |
| Previous Close | 136.00 |
| Day's Range | 135.00 - 136.00 |
| 52-Week Range | 94.00 - 150.00 |
| Beta | 0.35 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Aug 11, 2026 |
About Merafe Resources
Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome and associated minerals. The company operates ferrochrome smelters, ferrochrome furnaces, and platinum group metals processing plants in the Western and Eastern limbs of the Bushveld Complex; and chrome ore mines and UG2 plants located in the northwest, Limpopo, and Mpumalanga provinces of South Africa. It has operations in South Africa, Egypt, Turkey, Brazil, the United States, Indonesia, China, India, Japan, South K... [Read more]
Financial Performance
In 2025, Merafe Resources's revenue was 5.83 billion, a decrease of -30.89% compared to the previous year's 8.44 billion. Earnings were 142.59 million, a decrease of -78.63%.
Financial StatementsNews
Merafe Resources Transcript: Transcript
Merafe Resources Transcript: Transcript
Merafe Resources Transcript: Transcript
Revenue declined 31% year-over-year due to lower ferrochrome production and prices, while chrome ore and PGM revenues rose on higher volumes and prices. EBITDA dropped 66%, and profit after tax was ZAR 143 million. Final dividend declared at ZAR 0.08 per share.
Merafe Resources Transcript: Transcript
Profits and revenue rose sharply year-over-year, driven by higher chrome ore volumes and prices, despite operational volatility and cost pressures. Smelter restarts and a favorable electricity tariff are expected to boost production, though market and cost challenges persist.
Merafe Resources Transcript: Transcript
Revenue declined 9% year-over-year due to lower ferrochrome prices and volumes, while EBITDA dropped 27%. A business review is underway as smelting operations are loss-making at current prices, with potential for increased chrome ore exports and further cost management.
Merafe Resources Transcript: Transcript
Revenue was flat at ZAR 4.7bn, with lower ferrochrome output and earnings, but higher chrome ore and PGM sales. New inflation-linked Eskom tariff brings pricing certainty, while cost pressures and safety incidents persist. Interim dividend of ZAR 0.20/share declared.
Merafe Resources Transcript: Transcript
Revenue fell 47% year-over-year due to lower ferrochrome volumes and prices, with headline EPS down 55%. Smelter suspensions shifted focus to chrome ore sales and mining, while cost pressures and market uncertainty persist. Interim dividend declared at ZAR 0.04 per share.
South Africa's Merafe Resources half-year profit up 64%
Merafe Resources on Tuesday posted a 64% increase in half-year profit, as higher chrome ore prices and sales softened the impact of lower ferrochrome production.
Merafe to Cut South Africa Jobs, Idle Two Ferrochrome Smelters
Glencore Plc’s ferrochrome venture in South Africa will idle two smelters and cut jobs because of unsustainable electricity tariffs.