Northam Platinum Holdings expects to report record headline earnings per share of between 3,006.1 cents and 3,082.3 cents for the year to end-June 2026, an increase of 689.4% to 709.4% on the prior year, according to a trading statement released 11 August. The group also produced a record total equivalent refined PGM output of 938,754 ounces from its own operations, up 4.4%, bringing it within sight of the 1-million-ounce production goal it set in 2015. Total metal sold rose 8% to 1.087 million ounces, while sales revenue climbed 64.1% to R54 billion, driven primarily by a 57.4% appreciation in the rand-denominated 4E basket price alongside higher volumes sold.
Chrome concentrate production featured as a supporting contributor to the record year, rising 17.4% to a record 1.69 million tonnes — the same figure SMM has already reported from Northam's July production update, now confirmed within the group's full financial results. With PGM basket pricing doing the heavy lifting behind the earnings surge, chrome's steady output growth adds a second, more stable revenue stream for a group whose fortunes are otherwise closely tied to volatile platinum, palladium and rhodium prices — reinforcing the diversification rationale Northam and other South African PGM producers have increasingly emphasized this year.
