DRDGOLD H1 Earnings Call Highlights

3 days ago 10

MarketBeat

Wed, February 18, 2026 astatine 7:10 AM CST 9 min read

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Strong H1 results and dividend: Higher golden prices drove gross up ~33% to conscionable implicit ZAR 5 billion, escaped currency travel roseate 149% to ZAR 791 cardinal and operating nett jumped 72% to ZAR 2.7 billion, enabling an interim currency dividend of ZAR 0.50 per stock (19th consecutive year).
Vision 2028 progression and assets growth: The institution reinvested ZAR 1.6 cardinal into projects—Daggafontein, Witkop, DP2 and RTSF stay connected way (many targeting Q1 2027 commissioning)—and reported nett assets maturation to astir 741 cardinal tons and 6.2 cardinal ounces.
Renewables cutting costs and footprint: PV+BESS deployment reduced radical grid energy usage by ~28% (Ergo down ~38%), lowering energy costs (Ergo -23%) and materially shrinking the company’s reported c footprint.
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DRDGOLD (NYSE:DRD) utilized its interim results presumption for fiscal twelvemonth 2026 to item stronger net and currency procreation amid a higher golden price, portion emphasizing advancement connected its Vision 2028 maturation programme and a crisp simplification successful grid energy usage pursuing the rollout of renewable vigor initiatives.

Management besides opened the telephone by paying tribute to Jan Nelson, who precocious passed away, noting his relation successful laying the instauration for what became Pan African Resources. The institution said Henriette had afloat assumed the Chief Financial Officer presumption effectual February 1, and outlined concern portfolio restructuring that included the promotion of Mpho Mashatola to caput firm concern and instrumentality connected capitalist relations responsibilities.

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The institution said its committee approved an interim currency dividend of ZAR 0.50 per share, marking its nineteenth consecutive fiscal twelvemonth of declaring a dividend. Management said it had antecedently expected Vision 2028 would necessitate important debt, but a surge successful the golden terms allowed the institution to administer a information of escaped currency flow.

Key figures cited connected the telephone included:

Free currency travel up 149% to ZAR 791 million
Cash and currency equivalents of ZAR 1.7 cardinal astatine period-end
Revenue up 33% to conscionable implicit ZAR 5 billion
Operating nett up 72% to ZAR 2.7 billion
Headline net up 99%
Capital reinvestment of ZAR 1.6 billion, chiefly toward Vision 2028

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Henriette said the “star performer” was the golden price, which accrued 43% from the comparable six-month period, from astir ZAR 1.5 cardinal per kilogram to conscionable implicit ZAR 2.1 cardinal per kilogram. She said the stronger golden terms “couldn’t person travel astatine a amended time” fixed the company’s superior spending program.

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