Valterra Platinum (LSE:VALT) has forecast a substantial increase in earnings for the six months ended 30 June 2026, with stronger platinum group metal (PGM) prices and higher sales volumes expected to drive a significant improvement in financial performance ahead of its interim results later this month.
The company expects headline earnings to increase from R1.2 billion in the prior year to between R18.5 billion and R22.2 billion. Headline earnings per share (HEPS) are projected to rise from 473 cents to a range of 7,047 to 8,456 cents. Basic earnings are also expected to climb sharply, reaching between R18.6 billion and R22.3 billion, compared with R0.6 billion a year earlier, while earnings per share (EPS) are forecast to increase from 223 cents to between 7,085 and 8,494 cents.
The anticipated improvement reflects an 18% increase in PGM sales volumes alongside an 85% rise in the US dollar PGM basket price to $2,801 per ounce. In rand terms, the basket price increased 66% to R45,993 per ounce. Production also benefited from improved operational conditions after flooding disruptions experienced in the previous year were resolved, while revised maintenance schedules and stock count timing contributed to a more consistent production and sales profile.
Higher profitability also resulted in increased tax and royalty payments during the period, reflecting the stronger operating performance. Valterra Platinum noted that the figures contained in its trading statement have not yet been reviewed by its auditors. The company is scheduled to publish its full interim results on 29 July through both the Johannesburg Stock Exchange and London Stock Exchange news services.
More about Valterra Platinum Limited
Valterra Platinum Limited is one of the world’s largest integrated producers of platinum group metals, with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. The company operates long-life mining assets and processing facilities across South Africa and Zimbabwe, supported by international marketing operations in London, Singapore and Shanghai that supply PGM products to customers around the world.
Its strategy focuses on the responsible mining, processing and refining of platinum group metals and related co-products while investing in operational efficiency, market development and long-term growth opportunities. Valterra Platinum also places strong emphasis on sustainable mining practices, community development, disciplined capital allocation and delivering consistent long-term returns for shareholders.
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