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Kumba Iron Ore’s reviewed interim results for the six months ended 30 June 2025

29 July, 2025

KUMBA DELIVERS SOLID OPERATIONAL AND FINANCIAL PERFORMANCE DESPITE GLOBAL HEADWINDS

KEY FEATURES

Purpose-led, values driven:

  • More than nine (9) years fatality-free production at Sishen
  • 9% reduction in energy consumption to 3.513 million gigajoules
  • Women represent 30% of all employees
  • Shared value of R25.9 billion created

Resilient financial performance:

  • Average realised FOB export price of US$91/ per wet metric tonne (wmt), 8% above benchmark
  • Cost savings of R661 million
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 46%
  • Closing net cash of R16.1 billion

Disciplined capital allocation:

  • Attributable free cash flow of R7.9 billion
  • Return on capital employed (ROCE) of 48%
  • Interim cash dividend per share of R16.60 per share

Mpumi Zikalala, Chief Executive of Kumba, said: “In an environment characterised by global economic uncertainty, and market volatility, Kumba is positioned to continue delivering stakeholder value. We have made progress on our strategy of safely and sustainably unlocking value from our core assets, demonstrated by our consistent production, cost and capital discipline.

“This combined with higher sales volumes and the ability to earn additional premium from our high- quality iron ore products contributed to EBITDA of R16.0 billion and an EBITDA margin of 46%. Attributable free cash flow of R7.9 billion supported our Board’s decision to declare an interim cash dividend of R5.3 billion. Kumba created R25.9 billion of enduing shared value of which our empowerment partners will receive R1.9 billion as we continue to reimagine mining to improve people’s lives.”

Johannesburg
29 July 2025

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

The complete Interim Results are available on our website and attached.

Download the Interim Results for the six months ended 30 June 2025 (6.15 MB, opens in a new window)

For further information, please contact:

Company Secretary
Fazila Patel
Email: [email protected]
Tel: +27 12 683 7060
Mobile: +27 83 297 2293
Investors Media
Penny Himlok
Email: [email protected]
Tel: +27 12 622 8324
Mobile: +27 82 781 1888
Melangini Pillay
Email: [email protected]
Tel: +27 12 638 4420
Mobile: +27 76 959 2019

Notes to editors:

Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers around the globe including in China, Japan, South Korea and a number of countries in Europe and the Middle East.

www.angloamericankumba.com

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly. Our Sustainable Mining Plan commits us to a series of stretching goals over different time horizons to ensure we contribute to a healthy environment, create thriving communities and build trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for our shareholders, for the benefit of the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s lives.

Anglo American is currently implementing a number of major structural changes to unlock the inherent value in its portfolio and thereby accelerate delivery of its strategic priorities of Operational excellence, Portfolio simplification, and Growth. This portfolio transformation is focusing Anglo American on its world-class resource asset base in copper, premium iron ore and crop nutrients – with the sale of our steelmaking coal and nickel businesses agreed, the demerger of our PGMs business (Anglo American Platinum) completed, and the separation of our iconic diamond business (De Beers) to follow.

www.angloamerican.com

Forward-looking statements

This announcement includes forward-looking statements. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Kumba’s financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to Kumba’s products, production forecasts and Ore Reserves and Mineral Resource estimates), are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Kumba, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Kumba’s present and future business strategies and the environment in which Kumba will operate in the future. Important factors that could cause Kumba’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates and other operational capabilities, the effects of global pandemics and outbreaks of infectious diseases, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political uncertainty and economic conditions, the actions of competitors, activities by governmental authorities such as permitting and changes in taxation or safety, health, environmental or other types of regulation, conflicts over land and resource ownership rights and such other risk factors identified in Kumba’s most recent Integrated Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements.

These forward-looking statements speak only as of the date of this announcement. Kumba expressly disclaims any obligation or undertaking (except as required by applicable law, the Takeover Regulation Panel, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the Financial Sector Conduct Authority and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Kumba’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be interpreted to mean that future earnings per share of Kumba will necessarily match or exceed its historical published earnings per share.

Certain statistical and other information about Kumba included in this announcement is sourced from publicly available third-party sources. As such, it has not been independently verified and presents the views of those third parties, though these may not necessarily correspond to the views held by Kumba and Kumba expressly disclaims any responsibility for, or liability in respect of, such third-party information.