Valterra Platinum is expecting a significant increase in earnings for the twelve months ending 31 December 2025.
The company’s financial results will be released on 25 February 2026.
The miner provided a trading statement indicating that headline earnings are projected to rise between 85% and 105% compared to the prior year.
In monetary terms, this translates to an expected range of R15.6 billion ($970 million) to R17.3 billion ($1.08 billion), up from R8.4 billion ($522 million) in 2024.
The company attributed the strong performance primarily to a 26% increase in the average dollar basket price for platinum group metals (PGMs), which reached $1,852 per ounce.
This was bolstered by operational cost reductions totalling R5 billion ($311 million), which more than offset inflationary pressures and R1.7 billion ($106 million) in one-off costs related to a corporate demerger.
Sales volumes were reportedly lower than the previous year.
This was due to a larger drawdown of excess work-in-progress inventory in 2024 and significant flooding at the Amandelbult Tumela mine in the first half of 2025, which impacted production.
The financial effect of the flooding was partially mitigated by insurance proceeds of R2.5 billion ($155 million).
Basic earnings were also affected by a non-recurring asset scrapping charge of R1.9 billion ($118 million), related to shelved design work for an emissions plant and a tailings facility that was replaced by an alternative project.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
