🔴 Kumba Iron Ore is trading 4.4% down today after warning of a 30–44% slump in interim earnings

Kumba Iron Ore is trading 4.4% down at ZAc 25,672 after the company issued a profit warning for the six months ending June 30, 2026.

• Basic and headline earnings per share (EPS) are expected to decline by 30–44% compared to the previous period.
• Management attributed the weakness to record rainfall, which severely disrupted mining operations and logistics, impacting both EBITDA and overall production.