Tharisa (LSE:THS) delivered a strong improvement in financial performance for the six months ended 31 March 2026, with revenue increasing 28% to US$359.4 million and EBITDA rising sharply to US$104.3 million. Net profit after tax more than doubled to US$46.6 million, while earnings per share advanced to 15.8 US cents. The group also generated robust operating cash flow of US$96.4 million and invested US$103.5 million in capital expenditure, including ongoing development work at the Karo Platinum project.
The mining group said its operations maintained an exemplary safety record, reporting negligible lost time injury rates across its major assets. Tharisa added that expanded underground development activities at the Tharisa Mine, alongside continued progress at Karo Platinum, reinforce its long-term growth ambitions and multi-generational mining strategy. Supported by the stronger trading backdrop and confidence in the business outlook, the board approved an increased interim dividend of 2.5 US cents per share. The company also confirmed it has until 31 December 2026 to comply with updated JSE governance requirements that disallow an executive chairperson structure.
More about Tharisa
Tharisa is a vertically integrated mining company focused on platinum group metals and chrome concentrates. Its core assets include the Tharisa Mine in South Africa and the Karo Platinum project in Zimbabwe, both of which are geared towards supplying critical minerals used in stainless steel manufacturing, emissions reduction technologies and the global energy transition.
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