Thungela Resources shares jump 11% as first-half earnings and cash flow strengthen

Mining Written by: Ephrem Joseph 09:59 Mon 17 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Thungela Resources Limited ( LSE:TGA ) View Price & Profile Thungela Resources shares jump 11% as first-half earnings and cash flow strengthen Published: 09:59 17 Aug 2026 BST Thungela Resources Limited (LSE:TGA) shares jumped as much as 11% to an intraday high of 497.5p on Monday after the thermal coal producer reported stronger first-half earnings, cash generation and production and increased its interim dividend. For the 6 months to 30 June 2026, export saleable production increased 6% to 8.5 million tonnes (Mt), while revenue rose 2% to R15.2 billion (approximately £699 million). Adjusted EBITDA increased 91% to R1.32 billion (£60.7 million), while adjusted operating free cash flow rose to R1.89 billion (£86.9 million) from R484 million a year earlier. Net profit reached R1.39 billion (£63.9 million), compared with R248 million previously, while earnings per share increased to R10.95 from R1.93. Thungela ended June with net cash of R6.1 billion (£280.6 million) and declared an interim dividend of R5.50 per share (around 25.3p), up from R2.00. Production improves across operations South African export saleable production reached 6.3Mt, supported by improved performance at Khwezela and continued strong production from Mafube. At the Ensham operation in Queensland, Australia, production increased to 2.2Mt from 1.6Mt as mining conditions improved. The Annea Colliery and Zibulo North Shaft life-extension projects were completed on time and within budget and are now ramping up. Guidance maintained Thungela maintained 2026 export saleable production guidance of 13.0-13.6Mt in South Africa and 3.9-4.2Mt at Ensham. The group operates thermal coal assets in South Africa and Australia and is listed in London and Johannesburg. Continue reading