ASX-listed Jupiter Mines says the Tshipi manganese mine, in South Africa, delivered another strong performance in the financial year ended June 30, with production and sales of 3.5-million tonnes exceeding the yearly plan.

The result was supported by mine planning, stockpile management and coordinated processing, while logistics flexibility helped maintain sales through periods of wet weather and rail disruption.

Jupiter holds a 49.9% beneficial interest in Tshipi é Ntle Manganese Mining – the operator of the Tshipi mine in South Africa’s Northern Cape province.

Manganese prices strengthened during the year as supply concerns and higher energy costs increased buying activity.

The improved market conditions supported Tshipi’s earnings and enabled the prioritisation of high-grade sales.

Jupiter recorded a net profit after tax of $37.6-million and underlying earnings before interest, taxes, depreciation and amortisation of $40.1-million for the period, compared with $39.9-million and $43.3-million, respectively, in full-year 2025.

Jupiter’s 49.9% share of profit from Tshipi was $37.3-million, while Jupiter’s manganese ore marketing fees generated $9.3-million.

Tshipi declared a R350-million final dividend for the second half of the year. Jupiter’s 49.9% share of the profit is R165.9-million, about $14.3-million.

Jupiter has in turn declared a final dividend of $0.0075 apiece, unfranked, for the second half of the year, amounting to $14.7-million.

The dividend represents 103% of Jupiter’s share of Tshipi’s dividend for the period, continuing Jupiter’s recent practice of returning more to shareholders than it receives from Tshipi.

The full year 2026 final dividend contributes to a total of A$450-million, or A$0.23 a share, in dividends declared to Jupiter shareholders over the past eight years.

OUTLOOK

Tshipi continues to deliver a consistent operational performance across mining, processing and sales, Jupiter highlights.

Moving into the next year, the focus remains on maintaining reliable performance at Tshipi and disciplined execution of Jupiter’s strategic priorities to deliver long-term value for shareholders.