Thungela confirms 13.3 million treasury shares: fair value reaches ZAR 120.51 for Thungela stock

Published on 10/18/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Thungela stock, adjusted EBITDA rose 91 percent in first-half 2026. The interim dividend was ZAR 5.50 and free cash flow tripled.

Share count and earnings context

Thungela held 13,255,858 treasury shares on September 30, 2026, in a disclosure dated October 5, 2026.
Adjusted EBITDA rose 91 percent in the first half of 2026, while the interim dividend was ZAR 5.50.
Thungela lists vesting dates of May 24, 2027, and April 15, 2028, for two share-plan awards.

Northam Platinum, ZAE000296554, Illustration mit AI erstellt.

Thungela Resources (ISIN ZAE000296554) held 13,255,858 treasury shares as of September 30, 2026, according to TradingView on October 5, 2026. The disclosure gives investors a precise view of the share base while Thungela's first-half operating figures provide the more important earnings context.

Share count sets the latest marker

The treasury-share total included 11,442,407 shares held directly by subsidiaries and 1,813,451 shares held in employee broker accounts. The same disclosure said 129,050,178 ordinary shares carried voting rights on September 30, 2026, according to TradingView.

A separate October 1, 2026 announcement covered dividend-equivalent share awards dated September 30, 2026. The award price was ZAR 127.14 per ordinary share, with vesting tied to employment and performance conditions, Investegate reported.

What does the earnings record mean?

Thungela's adjusted EBITDA increased 91 percent to ZAR 1.3 billion in the first half of 2026, while operating free cash flow tripled and the interim dividend reached ZAR 5.50. These figures were highlighted by Investing.com on October 12, 2026.

On October 9, 2026, Simply Wall St reported that its fair value estimate rose from ZAR 110.91 to ZAR 120.51 as its model changed, while it also cited full-year 2026 export saleable production guidance of 13.0 million to 13.6 million tonnes. On October 12, the stock was quoted at GBp 612 against a 52-week high of GBp 818, leaving that reference price 25.18 percent below the high, according to Simply Wall St.

Two vesting dates are listed

The share-award announcement lists May 24, 2027, as the vesting date for the LTIP 2024 award and April 15, 2028, for LTIP 2025. It also lists April 22, 2029, for LTIP 2026, giving the incentive structure a multiyear timetable, according to Investegate.

Stock context remains tied to coal cash flow

Thungela is a thermal-coal producer and exporter with its primary listing on the Johannesburg Stock Exchange and a standard listing on the London Stock Exchange. The combination of the treasury-share count, a ZAR 5.50 interim dividend and the 91 percent adjusted EBITDA increase leaves cash generation and capital allocation as the central measures for the stock.

The further course of trading is shown by the continuously updated real-time quote of Thungela stock.