TIDMTHS
RNS Number : 5210I
Tharisa PLC
05 December 2022
Tharisa plc
(Incorporated in the Republic of Cyprus with limited
liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')
AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 AND
CASH DIVIDEND DECLARATION
Tharisa is an integrated resource group critical to the energy
transition and decarbonisation of economies. It incorporates
mining, processing, exploration, and the beneficiation, marketing,
sales, and logistics of PGMs and chrome concentrates, using
innovation and technology as enablers. Its principal operating
asset is the Tharisa Mine located in the south-western limb of the
Bushveld Complex, South Africa. The mechanised mine has a 19-year
open-pit life and the ability to extend operations underground by
at least an additional 40 years. Tharisa also owns Karo Mining
Holdings a development stage, low-cost, open-pit PGM asset, located
on the Great Dyke in Zimbabwe. The Company is committed to reducing
its carbon emissions by 30% by 2030 and the development of a
roadmap is continuing to be net carbon neutral by 2050.
REEF MINED
5.51 Mt
(2021: 5.38 Mt)
+2.4%
PGM PRODUCTION (5PGE + AU)
179.20 koz
(2021: 157.80 koz)
+13.6%
CHROME CONCENTRATE PRODUCTION
1.58 Mt
(2021: 1.51 Mt)
+4.6%
REVENUE
US$686.0 m
(2021: US$596.3 m)
+15.0%
OPERATING PROFIT
US$184.5 m
(2021: US$178.8 m)
+3.2%
EBITDA
US$236.3 m
(2021: US$224.3 m)
+5.3%
PROFIT BEFORE TAX
US$220.2 m
(2021: US$185.3 m)
+18.8%
EARNINGS PER SHARE
US 53.8 cents
(2021: US 37.4 cents)
+43.9%
HEADLINE EARNINGS PER SHARE
US 41.1 cents
(2021: US 38.3 cents)
+7.3%
TOTAL DIVIDEND
US 7.0 cents
(2021: US 9.0 cents)
This short form announcement is the responsibility of the
directors and is only a summary of the information in the full
announcement. The full announcement was released on SENS and RNS
on
5 December 2022, and can be found on the Company's website at
www.tharisa.com and can also be viewed here,
https://senspdf.jse.co.za/documents/2022/jse/isse/THA/FYresults.pdf
. Copies of the announcement may also be requested at the Company's
registered office, at no charge, during office hours.
Any investment decision should be based on the full announcement
published on SENS and RNS.
Ernst & Young Cyprus Limited has expressed an unmodified
audit opinion in the Independent Auditor's Report dated 1 December
2022 on the audited consolidated financial statements. That report
also includes the communication of key audit matters and is
available on the Company's website:
https://www.tharisa.com/pdf/investors/annual-results/2022/independent-auditors-report.pdf
.
By order of the Board
P Pouroulis Chief Executive Officer MG Jones Chief Finance Officer
5 December 2022
DIRECTORS
Loucas Pouroulis (Executive Chairman)
Phoevos Pouroulis (Chief Executive Officer)
Michael Jones (Chief Finance Officer)
Carol Bell (Lead Independent Director)
David Salter (Independent non-executive director)
Antonios Djakouris (Independent non-executive director)
Omar Kamal (Independent non-executive director)
Roger Davey (Independent non-executive director)
Shelley Wai Man Lo (Non-executive director)
Zhong Liang Hong (Non-executive director)
REGISTERED ADDRESS
Office 108 - 110
S. Pittokopitis Business Centre
17 Neophytou Nicolaides and Kilkis Streets, 8011 Paphos,
Cyprus
www.tharisa.com
GROUP COMPANY SECRETARY
Sanet Findlay
The Crossing, 372 Main Road
Bryanston, Johannesburg, 2021
South Africa
Email: secretarial@tharisa.com
ASSISTANT COMPANY SECRETARY
Lysandros Lysandrides
31 Evagoras Ave
6(th) Floor Evagoras House
1066 Nicosia
Cyprus
TRANSFER SECRETARIES
Computershare Investor Services Proprietary Limited, Cymain
Registrars Limited
Paphos , Cyprus
5 December 2022
JSE Sponsor
Investec Bank Limited
Connect with us on LinkedIn and Twitter to get further news and
updates about our business.
Investor Relations Contacts:
Ilja Graulich (Head of Investor Relations and
Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Financial PR Contacts:
Bobby Morse / Oonagh Reidy
+44 207 466 5000
tharisa@buchanan.uk.com
Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 7418 8900
BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800
Nedbank Limited (acting through its Corporate and Investment
Banking division) (RSA Broker)
Carlyle Whittaker
+27 11 294 0061
About Tharisa
Tharisa is an integrated resource group critical to the energy
transition and decarbonisation of economies. It incorporates
mining, processing, exploration, and the beneficiation, marketing,
sales, and logistics of PGMs and chrome concentrates, using
innovation and technology as enablers. Its principal operating
asset is the Tharisa Mine located in the south-western limb of the
Bushveld Complex, South Africa. The mechanised mine has a 20-year
open-pit life and the ability to extend operations underground by
at least an additional 40 years. Tharisa also owns Karo Mining
Holdings a development stage, low-cost, open-pit PGM asset, located
on the Great Dyke in Zimbabwe. The Company is committed to reducing
its carbon emissions by 30% by 2030 and the development of a
roadmap is continuing to be net carbon neutral by 2050. Tharisa plc
is listed on the Johannesburg Stock Exchange (JSE: THA) and the
Main Board of the London Stock Exchange (LSE: THS).
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END
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