Impala Platinum shares increase as earnings to soar by over 390%

Impala Platinum Holding's share price gained over 3% Tuesday morning after it said headline earnings per share were expected to increase between 392% and 411% for the six months to December 31, 2025.

Impala's share price increased 3.82% to R300.05 in early trade, a price that has already more than doubled from R101.00 a year previously.

The group said in a trading statement that the sharp increase in profits was due to the significant appreciation in achieved US dollar platinum group metal (PGM) basket pricing, together with the benefit of "commendable operational delivery.

"Headline earnings and headline earnings per share (HEPS) are expected to increase to between R9.10 billion and R9.45bn and basic earnings and basic earnings per share (EPS) are expected to increase by between 387% and 407%."

HEPS and EPS were expected to be between 1 015 cents and 1 054 cents per share, respectively. In the comparative period, headline earnings of R1.85bn and HEPS of 206 cents per share were reported.

The average number of shares in issue decreased to 896.96 million from 898.05m in the comparative period.

Impala said in a production update a week ago it is on track to deliver previously provided refined production, unit cost and capital expenditure guidance in the 2026 financial year.

Group 6E production for the six months to end-December, 2025, increased by 1% to 1.80 million 6E ounces from 1.78 million 6E ounces for the comparative period. Production from managed operations was up by 1% to 1.41 million 6E ounces. The interim results are expected to be released on March 5, 2026.

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