Half Year 2025 Tharisa PLC Earnings Call Transcript
Key Points
- Tharisa PLC (TIHRF) reported industry-leading safety statistics with a lost time injury frequency rate of 0.02 at the Tharisa mine and 0.08 at Karo Platinum.
- The company maintained a strong cash position, ending the half-year with $193.6 million in cash and cash equivalents.
- Tharisa PLC (TIHRF) announced a second share repurchase program of USD5 million, following a successful first program.
- The company is advancing its Redox One long-duration energy storage battery to megawatt scale, indicating progress in energy storage solutions.
- Tharisa PLC (TIHRF) declared an interim dividend of USD0.015, maintaining a high payout ratio of 54.3% of net profit after tax, reflecting confidence in its business outlook.
- Revenue for the half-year decreased by 24% to $280.8 million, impacted by lower output and reduced PGM and chrome prices.
- EBITDA fell by 45% year-on-year to $43.8 million, reflecting operational challenges and lower commodity prices.
- The company faced severe weather disruptions, including thunderstorms and lightning, which affected operations in the first half.
- Tharisa PLC (TIHRF) experienced a decrease in net cash flow from operations, down to $36 million from $86 million in the prior period.
- The metallurgical chrome concentrate price dropped by 12.2%, contributing to the overall decline in revenue.
Good morning, and welcome to the Tharisa PLC Investor Presentation. (Operator Instructions) The company may not be in a position to answer every question received in the meeting itself. However the company can review questions submitted today and publish responses where it's appropriate to do so.
Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Ilja Graulich. Good morning, sir.
Good morning, and thank you very much. Just a brief introduction from my side. Our management team is online. As you can see, all the company information is also available on our website, including the results booklet, the short form SENS and RNS announcement as well as this presentation. And a copy of this presentation and recording will be available on the website as soon as the meeting has concluded.
Of the management team in London, I will hand over to my CEO, Phoevos Pouroulis, who will then take you through the initial results and then hand over to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
