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Thungela Resources Limited ( (GB:TGA) ) just unveiled an update.
Thungela Resources has issued a trading statement indicating a sharp rebound in profitability for the six months to 30 June 2026. Earnings per share are expected to rise to between R10.75 and R11.10 from R1.93 a year earlier, with earnings attributable to shareholders projected at R1.3 billion to R1.4 billion.
Headline earnings per share are forecast to increase to between R4.60 and R4.95, up from R1.92, reflecting a strong operational performance despite volatile coal markets. The gap between EPS and HEPS is largely driven by a R1.0 billion non-cash profit on the sale of the Kleinkopje mining right, and investors will see full results when the company reports interim numbers on 17 August 2026.
More about Thungela Resources Limited
Thungela Resources Limited is a South African coal producer listed on the Johannesburg and London stock exchanges. The group focuses on thermal coal mining and exports, supplying international energy markets and positioning itself as a key player in the global coal supply chain.
Average Trading Volume: 269,741
Technical Sentiment Signal: Sell
Current Market Cap: £640.2M
For an in-depth examination of TGA stock, go to TipRanks’ Overview page.