EXXARO Releases Fiscal Year 2026 Operating Guidance: Coal Production and Sales Increase in First Half, Growth Slows in Second Half

(1) The market expects the average iron ore fines price in the first half of 2026 to be $106 per dry tonne. (2) EXXARO anticipates coal production in the first half of 2026 will increase by 10% year-on-year, with sales rising by 6%. The company also confirms that the full-year coal production guidance for fiscal 2026 remains consistent with the previous guidance issued on March 11. (3) The company’s solar energy project in Lephalale is expected to generate 69 GWh in the first half of 2026. (4) The company forecasts growth will slow in the second half of 2026, but is well prepared to maintain robust operational performance for the remainder of the 2026 fiscal year.