Thungela Resources Reports Net Loss, Despite Strong Operations
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Thungela Resources, a South African coal exporter, reported a full-year net loss of 7.1 billion rand for 2025, primarily due to an 8.8 billion rand non-cash impairment amid low coal prices. Despite the loss, the company generated 1.2 billion rand in adjusted earnings and 2 billion rand in free cash flow. Productivity improved across operations, with South African mines exceeding export production targets. The company also shifted its Dubai marketing office to remote work due to Middle East tensions, which have spiked oil, gas, and coal prices. Thungela remains resilient amid market cycles and growing energy supply worries.
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