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Valt Technology Services H1 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Valt Technology Services (LON:VALT) reported a sharp increase in first-half earnings and cash generation, supported by stronger platinum group metals prices, higher sales volumes and the recovery of its Amandelbult operation following prior-year flooding.
The board declared an interim dividend of ZAR57 per share, or ZAR15 billion, representing 70% of headline earnings.
EBITDA increased fourfold to ZAR33.4 billion, equivalent to the company’s full-year EBITDA in 2025, while headline earnings reached ZAR21.5 billion, or ZAR82 per share.
The company maintained Mogalakwena production guidance and said it expects the open pit to produce between roughly 900,000 ounces and 1 million ounces annually going forward.
Chrome yields at Amandelbult increased four percentage points, while group chrome yield improved two percentage points.