Kumba Iron Ore expects basic and headline earnings per share to drop between 30% and 44% for the six months ending June 30, 2026. The company anticipates a similar decline in earnings before interest, tax, depreciation, and amortization (EBITDA).
Record-breaking rainfall impacted operations and contributed to the sharp profit decline. Total production fell by 3% during the period.
Sales volumes decreased by 1% following a planned 10-day Transnet logistics maintenance shutdown in May. Currency headwinds and the absence of a prior-period one-off logistics payment further pressured the forecast.