Key points
- FY26 Underlying EBITDA increased by 28% to US$2.5 billion
- Underlying earnings increased by 55% to US$1 billion
- Fully-franked ordinary dividend of 5.4 cents per share
- Sale of aluminium value chain assets to Alcoa for up to US$5.6B
- Net tangible assets per share increased to US$2.12
Full summary
South32 Limited reported its financial results for the year ended 30 June 2026, highlighting a strong performance driven by its base metals business. The company reported a 1% increase in revenue from continuing operations to US$5.8 billion, while Underlying EBITDA increased by 28% to US$2.5 billion and Underlying earnings by 55% to US$1 billion. The company's cash flow from operations increased by US$352 million to US$610 million, enabling South32 to maintain a strong balance sheet and return US$327 million to shareholders during the year. The Board resolved to pay a fully-franked ordinary dividend of 5.4 cents per share, totaling US$242 million, and extended the capital management program to September 2027, with US$209 million remaining to be returned to shareholders. South32 also announced the sale of its aluminium value chain assets to Alcoa for up to US$5.6 billion, expected to complete in H2 FY27. The company's net tangible assets per share increased to US$2.12 as at 30 June 2026.
Guidance
FY26 Underlying EBITDA: US$2.5 billion, Underlying earnings: US$1 billion, Dividend: 5.4 cents per share
Outlook
South32 expects a positive outlook for its business, focusing on safe and stable operations and growing production of base metals into structurally attractive markets.