• Kumba flagged a sharp first-half earnings drop as rand strength and a lower average realized export price hit results.
• EBITDA expected at ZAR 10.43-11.19 billion, down 30%-35% from ZAR 15.99 billion a year earlier.
• Headline earnings seen at ZAR 4.06-4.36 billion, down 39%-43%; HEPS forecast at ZAR 12.68-13.61 from ZAR 22.26.
• Basic earnings forecast at ZAR 3.98-4.27 billion, down 40%-44%; EPS expected at ZAR 12.41-13.31 from ZAR 22.17.
• Production fell 3% despite strong Sishen output; sales volumes slipped 1% on a planned 10-day Transnet maintenance shutdown.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kumba Iron Ore Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524346), on July 21, 2026, and is solely responsible for the information contained therein.