Key points
- Revenue increased by 57% to US$1.3 billion
- Profit before tax improved six-fold to US$387.5 million
- No dividend declared for FY2026
- Safety improvements led to reduced lost-time injury frequency rate
- Continued progress on capital projects to ensure growth and sustainability
Full summary
Zimplats Holdings Ltd's Preliminary Final Report for the year ended 30 June 2026 highlights a substantial 57% increase in revenue to US$1.3 billion, driven by higher gross revenue per 6E ounce sold, partially offset by a 2% decline in 6E sales volumes. Profit before tax improved six-fold to US$387.5 million, with a notable increase in income tax expenses due to higher profitability. The company did not declare a dividend for FY2026. Safety metrics improved with a reduced lost-time injury frequency rate of 0.22 per million man-hours worked, reflecting successful safety initiatives. Capital projects, including the Mupani Mine development and the Smelter Expansion, are progressing as planned, with significant investments made towards these strategic objectives. Environmental efforts also saw progress with increased water recycling and rehabilitation of open-pit working areas.
Guidance
Revenue US$1.3 billion, Profit before tax US$387.5 million (FY2026)
Outlook
Zimplats Holdings Ltd anticipates higher grades in FY2027 following the closure of the South Pit Mine and the benefit of grade recovery initiatives at underground operations.