Strong results power Exxaro forward

2025 results reflect a safer, stronger and more diversified Exxaro accelerating into a diversified natural resources champion in Africa and beyond.

Exxaro’s 2025 financial results showed a business gaining momentum as it accelerates into its next growth phase. Group revenue increased to R41.8 billion, headline earnings per share rose 8% to R32.47, and the business maintained a strong net cash position of R17.64 billion excluding Energy’s net debt. But behind the numbers is a bigger story: a business becoming more resilient, more diversified and more future-focused.

Safety remained the foundation of performance. Exxaro recorded zero fatalities during 2025, marking 40 consecutive months fatality-free, while LTIFR improved by 33% to 0.04. Grootegeluk and Belfast both completed the year without a lost-time injury.

Operationally, coal production increased to 39.9 million tonnes, while export sales grew to 7.1 million tonnes, supported by improved rail performance and delivery discipline. At the same time, Exxaro continued expanding its energy solutions business through Cennergi, commissioning the 68MW Lephalale Solar Plant and progressing the 140MW Karreebosch Wind Farm.

The year also marked a major diversification milestone with the completion of the manganese acquisition in the Kalahari Manganese Field, positioning Exxaro as a meaningful manganese producer and strengthening its role as a diversified natural resources champion.