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KUMBA IRON ORE LIMITED
Reviewed interim results
For the six months ended 30 June 2024

”Executing on our strategy to unlock value“

Mpumi Zikalala
Chief Executive

Mpumi Zikalala, Chief Executive of Kumba, said, “Our first half results reflect strong execution of our business reconfiguration plan while improving safety across our operations. By prioritising operational safety, stability, capability and cost-effective production, we are delivering on our strategic objectives of unlocking value from our core and positioning for a sustainable future, which are essential for creating enduring stakeholder value.”

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Key features

  • Positioned for a sustainable future
  • Resilient financial performance
  • Disciplined capital allocation

Positioned for a sustainable future

More than eight years fatality-free production at Sishen
Zero occupational diseases
Over nine years without any level 3 – 5 environmental incidents
Shared value of R27.7 billion created

Resilient financial performance

Average realised FOB export price of US$97/wmt, above benchmark
Cost savings of ~R1.8 billion
EBITDA* margin of 44%
Closing net cash* of R14.6 billion

Disciplined capital allocation

Attributable free cash flow* of
R9.1 billion
ROCE of 48%
Interim cash dividend of
R18.77 per share
* EBITDA, attributable free cashflow and net cash constitutes pro-forma financial information in terms of the JSE Limited Listings Requirements and should be read in conjunction with the basis of preparation. Refer to supplementary non-IFRS financial measures.

Full key features

How we made our money in 2024

How we spent our money in 2024