Kumba Iron Ore Reports First Half Results
Kumba Iron Ore Limited reported its first half results, highlighting a strong performance across key financial metrics. The company achieved an EBITDA margin of 35%, with attributable free cash flow reaching R1.9 billion and net cash at period-end standing at R12.1 billion. Kumba also announced an interim dividend of R7.90 per share. The firm's average realized export price was US$90 per wet metric ton, reflecting a 8% increase compared to the benchmark. Additionally, its C1 unit cost stood at US$46 per wet metric ton and ROCE reached 26%. These results indicate solid operational efficiency amid fluctuating market conditions.
