South32 Limited: Strong Earnings Growth and Strategic Base Metals Expansion
South32 (ASX: S32) reported a strong set of financial and operating results for the six months ended 31 December 2025, reflecting steady execution across its portfolio and improved market conditions. Revenue from continuing operations was US$2,809 million, while profit after tax attributable to members rose 29% to US$464 million. Underlying EBITDA increased to US$1,107 million, supported by stronger prices for copper, silver and aluminium, alongside disciplined cost control.
The company maintained production guidance across most operated assets and continued advancing key growth projects. Construction progressed at the Hermosa Taylor zinc-lead-silver project, while Sierra Gorda benefited from higher realised metal prices and advanced expansion studies. Cannington reported an increase in underground Ore Reserves, extending mine life.
South32 declared a fully franked interim dividend of US$3.9 cents per share and increased its capital management program to US$2.6 billion. With a disciplined balance sheet and focus on base metals critical to the energy transition, the company remains well positioned for sustained long-term value creation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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South32 Limited: Strong Earnings Growth and Strategic Base Metals Expansion
South32 (ASX: S32) reported a strong set of financial and operating results for the six months ended 31 December 2025, reflecting steady execution across its portfolio and improved market conditions. Revenue from continuing operations was US$2,809 million, while profit after tax attributable to members rose 29% to US$464 million. Underlying EBITDA increased to US$1,107 million, supported by stronger prices for copper, silver and aluminium, alongside disciplined cost control.
The company maintained production guidance across most operated assets and continued advancing key growth projects. Construction progressed at the Hermosa Taylor zinc-lead-silver project, while Sierra Gorda benefited from higher realised metal prices and advanced expansion studies. Cannington reported an increase in underground Ore Reserves, extending mine life.
South32 declared a fully franked interim dividend of US$3.9 cents per share and increased its capital management program to US$2.6 billion. With a disciplined balance sheet and focus on base metals critical to the energy transition, the company remains well positioned for sustained long-term value creation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au