Exxaro Resources (JSE:EXX) EBIT: R13,390 Mil (TTM As of Dec. 2025)


JSE:EXX Exxaro Resources Ltd JSE:EXX
79 GF Score
Price R201.55
GF Value R197.54
Valuation Fairly Valued
! 8 Warning Signs
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What is Exxaro Resources EBIT?

Exxaro Resources JSE:EXX +0.43% 79 EBIT is R13,390 Mil as of Dec. 2025. GuruFocus rates JSE:EXX with a GF Score™ of 79/100 and a GF Value™ of R197.54 (Fairly Valued). The stock has 8 warning signs investors should review.

Exxaro Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R6,080 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R13,390 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Exxaro Resources's annualized ROC % for the quarter that ended in Dec. 2025 was 5.53%. Exxaro Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Exxaro Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.87%.

Exxaro Resources  (JSE:EXX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Exxaro Resources's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=5050 * ( 1 - 18.94% )/( (72599 + 75439)/ 2 )
=4093.53/74019
=5.53 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=97736 - 3391 - ( 21820 - max(0, 7856 - 29602+21820))
=72599

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=103210 - 4081 - ( 23690 - max(0, 6405 - 32663+23690))
=75439

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Exxaro Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12160/( ( (37927 + max(2952, 0)) + (40293 + max(3267, 0)) )/ 2 )
=12160/( ( 40879 + 43560 )/ 2 )
=12160/42219.5
=28.80 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3809 + 2753 + 948) - (3391 + 0 + 1167)
=2952

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4067 + 2790 + 1773) - (4081 + 0 + 1282)
=3267

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Exxaro Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=13390/51752.608
=25.87 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Exxaro Resources EBIT Related Terms

Exxaro Resources EBIT Historical Data

* Premium members only.

The historical data trend for Exxaro Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Exxaro Resources EBIT Chart

Exxaro Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,421.00 23,277.00 19,238.00 13,722.00 13,390.00

Exxaro Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,050.00 6,590.00 7,132.00 7,310.00 6,080.00

JSE:EXX vs CNR: EBIT Comparison

For the Thermal Coal subindustry, Exxaro Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Exxaro Resources EV-to-EBIT vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Exxaro Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Exxaro Resources's EV-to-EBIT falls into.


JSE:EXX
79GF Score
Exxaro Resources Ltd JSE:EXX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Exxaro Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R13,390 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R13,390 Mil mean?
Exxaro Resources (JSE:EXX) has a EBIT of R13,390 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Exxaro Resources.
Is Exxaro Resources' EBIT too high?
Exxaro Resources' current EBIT is R13,390 Mil. Overall, Exxaro Resources has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exxaro Resources' EBIT compare to CNR?
Exxaro Resources' EBIT of R13,390 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Other Energy Sources company?
A good EBIT depends on the Other Energy Sources industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Exxaro Resources. Exxaro Resources's current EBIT is R13,390 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxaro Resources stock overvalued right now?
Based on GuruFocus' analysis, Exxaro Resources (JSE:EXX) is currently considered Fairly Valued. The stock's GF Value™ is R197.54, compared to a current price of R201.55 — trading 2% above its estimated fair value. The current EBIT is R13,390 Mil. Exxaro Resources' overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Exxaro Resources (JSE:EXX), the current EBIT is R13,390 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Exxaro Resources (JSE:EXX) Overvalued in 2026?

Based on GuruFocus' analysis, Exxaro Resources stock appears to be overvalued. The current stock price of R201.55 is trading 2% above its estimated GF Value™ of R197.54. GuruFocus considers Exxaro Resources to be Fairly Valued.

Key valuation signals for JSE:EXX:

  • EBIT: R13,390 Mil
  • GF Value™: R197.54 vs. price of R201.55 (2% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the JSE:EXX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Exxaro Resources Business Description

Other Exchanges EXXAF:USALCQ:Germany
Address 263B West Avenue, Die Hoewes, The conneXXion, Centurion, GT, ZAF, 0163
Exxaro Resources Ltd is one of the South Africa-based diversified resources companies. The company's operating segments are: Coal, Energy, Metals, and Others. The majority of its revenue comes from the coal segment, whose operations are located in the Waterberg and Mpumalanga regions and are split between coal commercial operations and coal-tied operations and produce thermal and metallurgical coal, Commercial Waterberg is comprised mainly of the Grootegeluk operation, Commercial Mpumalanga comprising the Belfast and Leeuwpan operations, and Tied comprising of the Matla mine supplying its entire coal supply to Eskom; and Others comprises of the other coal affiliated operation. Geographically, the company derives majority of its revenue from the RSA region ( Republic of South Africa).
79GF Score

Get the complete analysis for JSE:EXX

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R201.55
Price
R197.54
GF Value