• Merafe guided for 1H EPS of 19.5-21.4 cents, up 110%-130% from 9.3 cents a year earlier.
• HEPS forecast at 19.5-22.0 cents, up 55%-75% from 12.6 cents in the prior period.
• Higher commodity prices, higher volumes sold flagged as key drivers despite attributable ferrochrome output falling 75% to 28 kt.
• Expected cash and cash equivalents plus central treasury balances at 30 June 2026 of ZAR 1.59 billion, up from ZAR 1.16 billion.

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. Merafe Resources Ltd. published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.