- Impala Platinum Holdings press release (OTCQX:IMPUY): FY Headline earnings of R2.4 billion or 269 cents per share were 87% and 88% lower, respectively.
- Revenue of R86.4B (-18.9% Y/Y).
- The Group generated EBITDA of R12.4 billion, and recorded a free cash outflow of R4.0 billion, after incurring cash capital spend of R12.3 billion in the period.
- The Group’s strong balance sheet positioning was sustained, with closing adjusted net cash of R6.9 billion. No dividend was declared.
- Guidance: Group 6E refined and saleable production is expected to be between 3.45 and 3.65 million ounces. Group unit costs are forecast to rise by up to 5% to be between R21 000 and R22 000 per 6E ounce on a stock-adjusted basis. Group capital expenditure is forecast to be between R8 billion and R9 billion, inclusive of growth capital of between R0.9 billion and R1.1 billion. This guidance assumes exchange rates of R18.25/US$ and C$1.33/US$, respectively.