EarningsQ2 2026 Earnings Report
DE:KUI Q2 2026 EPS Results
Actual EPS€0.69
Consensus EPS―
Beat/Miss―
One Year Ago EPS€1.05
DE:KUI Q2 2026 Revenue Results
Actual Revenue€1.67B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+0.77%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
DE:KUI Upcoming Earnings
Kumba Iron Ore's next earnings date is estimated for February 23, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:KUI Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call showed a mixed picture: strong operational resilience (safety milestones, product quality, waste mining growth), clear progress on the strategic UHDMS project and disciplined capital allocation including a maintained interim dividend. These positives were offset by significant margin pressure and a ~30% EBITDA decline driven mainly by external factors (stronger rand, softer realized price, sharply higher freight and diesel costs), severe weather disruption in the Northern Cape and ongoing rail/port infrastructure constraints that limit near-term volume upside. Management presented credible mitigation plans (full potential program targeting ~10% cost reduction, logistics collaboration, and derisking of UHDMS), but material execution and macro risks remain.Company Guidance
Safety Milestones
Sishen recorded more than 10 years fatality-free production and Kolomela just over 3 years; safety performance improved despite UHDMS ramp-up and higher site activity.
UHDMS Project Progress
UHDMS ~45% complete with 96% of detailed engineering done; ~75% of steel expected installed by year-end; main tie-in due to start in August; ZAR 5.2bn invested to date and total project capital unchanged at ZAR 11.2bn; project to extend life of mine, lower cutoff grade (48% to 40%) and increase premium product.
Operational Resilience & Quality
Waste mining increased 4% despite heavy rainfall; Sishen DMS plant production up 3%; average product Fe 63.6% and lump:fines ratio 66%; share of sales outside China rose from 42% to 47%, supporting an overall price premium of $7/tonne.
Dividends and Capital Allocation Discipline
Company declared an interim cash dividend (management cited ZAR 2.5bn + ZAR 0.5bn to empowerment partners; finance commentary referenced an interim dividend figure of ZAR 3.4bn and dividend per share of ZAR 7.90), maintaining a disciplined payout approach (payout ~60% reported) while retaining flexibility.
Logistics Improvements Completed
Transnet executed a planned 10-day maintenance shut delivering 101 km rail replacements and lifting speed restrictions on 26 km; critical Saldanha Bay port equipment refurbished and TIPLA3 commissioned, improving throughput potential for H2.
Cost Management & Unit Costs
Sishen unit cash cost reported at ZAR 549/tonne (improvement and within guidance); Kolomela unit cash cost described as outperforming guidance; company rolled out a 'full potential' program targeting efficiency and a minimum indicative 10% reduction in cost base over the medium term.
DE:KUI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed