Exxaro Resources Limited provided earnings guidance for the six months ended June 30, 2023. Headline earnings per share (HEPS) for the six-month period ended 30 June 2023 is expected to decrease between 23% and 37% compared to the six-month period ended 30 June 2022. Attributable earnings per share (AEPS) for the six-month period ended 30 June 2022 is also expected to decrease between 23% and 37% compared to the six-month period ended 30 June 2022.

The decrease in earnings at own managed operations is largely attributable to lower coal sales prices and volumes, compounded by the impact of ongoing logistical challenges. Income from equity-accounted investments at Sishen Iron Ore Company Proprietary Limited and Mafube Coal Proprietary Limited were also negatively impacted by lower prices. For the period, the company expects AEPS to be ZAR 2,148 million to ZAR­ 2,625 million and 784 cents to­ 1,261 cents decrease, HEPS to be ZAR 2,158 million to ZAR­ 2,638 million and 788 cents to­ 1,268 cents decrease.