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Trading Statement in respect of the Financial year ended 30 June 2025
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
("Company")
TRADING STATEMENT IN RESPECT OF THE FINANCIAL YEAR ENDED 30 JUNE 2025 (F2025)
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty
exists that the financial results for the period to be reported on next will differ by at least 20% from
those of the previous corresponding period.
Headline earnings for F2025 are expected to decrease by between 45% and 55% compared to the
corresponding financial year ended 30 June 2024 (F2024) to between R2 286 million and R2 794
million (F2024: R5 080 million). Headline earnings per share for F2025 are therefore expected to
decrease to between 1 166 and 1 425 cents (F2024: 2 591 cents). The decline in headline earnings
was mainly due to a decrease in the average realised export US dollar iron ore prices and increased
mechanised development costs at Bokoni.
Basic earnings for F2025 are expected to decrease by between 85% and 95% to between
R157 million and R472 million (F2024: R3 146 million) while basic earnings per share for F2025 are
expected to decrease to between 80 and 241 cents (F2024: 1 604 cents). Basic earnings includes an
attributable impairment of property, plant and equipment at Bokoni Mine of R2 209 million, with no
tax effect.
The financial information on which this trading statement is based has not been reviewed or reported
on by the Company's external auditor.
The Company's F2025 condensed results will be released on 5 September 2025.
For all investor relations queries please contact:
Thabang Thlaku
Executive: Investor Relations and New Business Development
Office: +27 11 779 1300
Email: thabang.thlaku@arm.co.za
Johannesburg
04 September 2025
Sponsor: Investec Bank Limited
Date: 04-09-2025 04:55:00
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