Thungela warns of a loss as a result of impairments
JSE-listed Thungela Resources expects to report a loss a share of between R53.50 and R56 for the year ended December 31, 2025, compared with the earnings a share of R26.76 reported for 2024.
The loss for the current period is expected to be between R7-billion and R7.3-billion.
The headline loss a share is expected to be between R5.50 and R7.50, a decrease of between R31.09 and R33.09 apiece from the headline earnings a share of R25.59 in the prior year.
The headline loss is expected to be between R700-million and R1-billion.
The expected loss incurred for the year is primarily as a result of impairment losses of R8.8-billion recognised across Thungela’s operations, both in South Africa and Australia, based on a softer benchmark coal price outlook and stronger forecast for its producing currencies against the dollar at the reporting date.
The determination of the value of the recoverable amounts of Thungela’s assets also impacts the recoverability of the deferred tax assets, reflecting the possible future tax benefit to be received against taxable income in subsequent periods.
Deferred tax assets of R1.1-billion have accordingly not been recognised at the reporting date on the basis of the assessment performed, which has further lowered both earnings and headline earnings, Thungela points out.
While the impact of the impairment is excluded from headline earnings, the impact of not recognising the deferred tax assets is not a headline earnings adjustment, and has contributed to the realisation of a headline loss for the year, it explains.
Thungela expects to release its financial results for the period on March 23.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
Energy and Densification Systems (EDS) has developed equipment for crushing, milling, blending and densifying products. Based on its globally...
VISIT SHOWROOM
AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
