Thungela Resources Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	33,615	35,554	30,634	50,753	26,282	3,750
Revenue Growth (YoY)	1.78%	16.06%	-39.64%	93.11%	600.85%	-
Cost of Revenue	16,256	17,082	11,853	12,570	7,859	1,138
Gross Profit	17,359	18,472	18,781	38,183	18,423	2,612
Selling, General & Admin	12,193	11,943	10,203	9,058	8,176	1,797
Other Operating Expenses	364	385	307	308	300	469
Operating Expenses	15,246	14,884	12,142	10,668	9,685	2,738
Operating Income	2,113	3,588	6,639	27,515	8,738	-126
Interest Expense	-1,278	-1,157	-1,024	-738	-680	-312
Interest & Investment Income	1,497	1,393	1,394	963	503	3
Currency Exchange Gain (Loss)	455	887	592	659	391	-1
Other Non Operating Income (Expenses)	844	-9	-185	-3,554	-221	-
EBT Excluding Unusual Items	3,631	4,702	7,416	24,845	8,731	-436
Merger & Restructuring Charges	-333	-13	-505	-29	-422	-2
Gain (Loss) on Sale of Assets	589	587	-8	-17	8	-
Asset Writedown	-278	-278	-266	-656	-808	-
Other Unusual Items	-	-	565	-	-	-
Pretax Income	3,609	4,998	7,202	24,143	7,509	-438
Income Tax Expense	1,003	1,454	2,232	5,938	571	-76
Earnings From Continuing Operations	2,606	3,544	4,970	18,205	6,938	-362
Minority Interest in Earnings	-49	48	192	-1,217	-509	32
Net Income	2,557	3,592	5,162	16,988	6,429	-330
Net Income to Common	2,557	3,592	5,162	16,988	6,429	-330
Net Income Growth	-24.13%	-30.41%	-69.61%	164.24%	-	-
Shares Outstanding (Basic)	132	134	137	134	105	62
Shares Outstanding (Diluted)	133	136	140	136	106	62
Shares Change (YoY)	-4.53%	-2.77%	2.76%	28.81%	70.05%	-
EPS (Basic)	19.31	26.76	37.66	127.08	61.08	-5.31
EPS (Diluted)	19.20	26.42	36.92	124.87	60.87	-5.31
EPS Growth	-20.57%	-28.44%	-70.43%	105.14%	-	-
Free Cash Flow	1,752	1,956	5,387	17,861	3,804	-444
Free Cash Flow Per Share	13.17	14.39	38.53	131.29	36.02	-7.15
Dividend Per Share	13.000	13.000	20.000	100.000	18.000	-
Dividend Growth	8.33%	-35.00%	-80.00%	455.56%	-	-
Gross Margin	51.64%	51.95%	61.31%	75.23%	70.10%	69.65%
Operating Margin	6.29%	10.09%	21.67%	54.21%	33.25%	-3.36%
Profit Margin	7.61%	10.10%	16.85%	33.47%	24.46%	-8.80%
Free Cash Flow Margin	5.21%	5.50%	17.59%	35.19%	14.47%	-11.84%
EBITDA	4,608	5,983	8,181	28,697	9,748	282
EBITDA Margin	13.71%	16.83%	26.71%	56.54%	37.09%	7.52%
D&A For EBITDA	2,495	2,395	1,542	1,182	1,010	408
EBIT	2,113	3,588	6,639	27,515	8,738	-126
EBIT Margin	6.29%	10.09%	21.67%	54.21%	33.25%	-3.36%
Effective Tax Rate	27.79%	29.09%	30.99%	24.59%	7.60%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.