Thungela stock gained 7.78 percent as executives received shares

Published on 10/04/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thungela stock drew support from ZAR 15.2 billion in H1 2026 revenue, while adjusted EBITDA reached ZAR 1.3 billion. Net cash stood at ZAR 6.1 billion on June 30.

Thungela, ZAE000248498, Illustration mit AI erstellt.

Thungela (ISIN ZAE000248498) closed at ZAR 125.48 on the Johannesburg Stock Exchange on October 2, 2026, up 7.78 percent, with 868,779 shares traded. The latest company event was the award of dividend equivalent shares to seven executives on September 30, including 14,119 shares for CEO Moses Madondo, according to Investing.com on October 1, 2026.

Executive awards use ZAR 127.14

The awards were priced at ZAR 127.14, the dividend-adjusted volume-weighted average price on the JSE for the 20 business days ended September 18, 2026. The transactions were off-market reinvestments of dividends under the 2021 Share Plan, and vesting remains conditional on employment and performance requirements, Investing.com reported.

Thungela's investor-relations page identifies the Johannesburg Stock Exchange as the company's primary listing and the London Stock Exchange as its standard listing, with JSE trading in ZAR, according to Thungela.

H1 earnings show a sharp rebound

The first half of 2026 supplied the financial backdrop. Thungela generated revenue of ZAR 15.2 billion and lifted adjusted EBITDA 91 percent from the first half of 2025 to ZAR 1.3 billion, according to the company's August 17, 2026 results presentation carried by Yahoo Finance.

Headline earnings per share increased 467 percent to ZAR 10.95, while net profit reached ZAR 1.4 billion. Export saleable production rose 6 percent to 8.5 million tons, and export equity sales increased 7 percent to 8.9 million tons, Yahoo Finance reported.

Cash generation remains central

Adjusted operating free cash flow increased to ZAR 1.9 billion from ZAR 484 million in the first half of 2025. Net cash stood at ZAR 6.1 billion at June 30, 2026, and the board declared an interim dividend of ZAR 5.50 per share, according to Yahoo Finance.

The operating picture is improving, but the earnings mix matters. Thungela said stronger coal prices and export volumes supported the first-half result, while currency effects limited the benefit of higher dollar-denominated prices and the company kept its full-year production guidance at 13.0 million to 13.6 million tons, Yahoo Finance reported.

Thungela stock closed at ZAR 125.48

Thungela stock closed at ZAR 125.48 on October 2, 2026, on the Johannesburg Stock Exchange, up 7.78 percent from the prior session, with 868,779 shares changing hands.