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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Feb 18, 2026
AI Summary
Q2 2026

Record Results: Pan African delivered record interim results, with revenue up 157%, headline earnings up 541%, and record cash flows.

Gold Production: Gold production increased by more than 50%, reaching record levels and positioning the company for further growth.

Cost Guidance: All-in sustaining cost for the half was $1,874 per ounce, above prior guidance, but expected to decline to $1,820–$1,870 for the full year as production rises.

Dividends: A record dividend was paid in December, with a new interim dividend initiated. The company plans to remain cash generative and debt free.

Growth Pipeline: Multiple expansion projects are underway, including at MTR and Tennant Mines, with production forecast to approach 300,000 ounces next year and potentially higher in subsequent years.

Strong Balance Sheet: Net debt reduced by 80% to $46 million, with the group expected to be net debt free by month-end.

Shareholder Returns: Management emphasized continued high dividends and prudent capital allocation, with share buybacks considered alongside growth.

Key Financials
Revenue
$487 million
Gold Production
not specified (over 50% increase)
All-in Sustaining Cost
$1,874 per ounce
Adjusted EBITDA
not specified (up 323%)
Earnings
$148 million
Headline Earnings
$149 million
Headline Earnings per Share
$0.0734 per share
Earnings per Share
$0.073 per share
Cash Flow from Operating Activities (before dividend, tax, royalties, net finance costs)
$260 million
Net Debt
$46 million
Dividend per Share (FY25)
$0.37 per share
Dividend Payment (Dec 2025)
$44 million
Interim Dividend
ZAR 0.12 per share (approved for March 2026)

Other Earnings Calls

2026
2023