Half Year 2026 DRDGOLD Ltd Earnings Call Transcript
Key Points
- DRDGold Ltd (DRD) declared an interim cash dividend of $0.50 per share, marking the 19th consecutive year of dividend declarations.
- Free cash flow increased by 149% to 900 million rand, boosting cash and cash equivalents to 1.7 billion rand.
- Revenue increased by 33% to just over 5 billion rand, with operating profit up by 72% to 2.7 billion rand.
- The company's carbon footprint decreased by 34%, and electricity consumption from the grid was reduced by 28%, thanks to the Ergo solar plant.
- DRDGold Ltd (DRD) achieved a 48% all-in sustaining margin, indicating strong operational efficiency.
- Volume throughput decreased due to rain, weather interruptions, and power outages, impacting production.
- Gold yield slightly decreased, contributing to a reduction in gold production.
- Far West Gold Recoveries experienced a 14% increase in cash operating costs due to higher consumer bills and gearing up for growth.
- Administration and other expenses increased by 23%, driven by long-term incentive share-based payment expenses.
- The company faced a loss on the sale of assets, specifically a 5 million rand loss related to the sale of Stella.
Again joining us for this DRD Gold's interim results for financial year 2026.
Before we start this presentation, I want to take a moment to remember Jan Nelson.
Who passed away earlier this week.
Dan was a friend and I'm ashamed to say that in recent times I wasn't much of a friend to him, but his legacy lives on. He laid the foundation for what has become a very successful company in Pan-African resources and we will always remembering not just As an astute leader and a businessman but also as a good person and he lived a life worth living.
Joining me today as usual?
Henriette and Yaku, our CFO and COO respectively. They will be doing most of the talking today.
Henriette has now fully assumed the position of Chief Financial Officer. That is from the effect of the 1st of February. Portfolio is now hers, and I again want to say congratulations and good luck in red.
The transition is also now over in this portfolio.
As is the restructuring of the finance portfolio which together with certain operational
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