Business
Second Quarter Report to 31 December 2025
Sylvania Platinum Limited reported a strong second quarter for FY2026 ending December 31, 2025, achieving record PGM production of 24,642 4E ounces, a marginal increase from the previous quarter. The company saw net revenue rise 21% to $54.8 million and adjusted Group EBITDA increase 35% to $29.8 million, driven by a 22% increase in the average 4E gross basket price. Key operational milestones include the completion of the centralized PGM Filtration Plant and the first dispatches from the Thaba Joint Venture. Consequently, PGM production guidance for FY2026 has been revised upwards to 90,000-93,000 4E PGM ounces, though the chrome concentrate target has been adjusted lower. Disclaimer*
About this update from Sylvania Platinum Ltd.
[{"type":"text","content":"\n\n \n\n \n \n \n \n \n \n27 January 2026\n \nSylvania Platinum Limited\n(\"Sylvania\", the \"Company\" or the \"Group\")\n \nSecond Quarter Operations Report to 31 December 2025\n \nRecord Production Maintained\n \nSylvania (AIM: SLP), the platinum group metals (\"PGM\") and chrome producer and developer, with assets in South Africa, announces its production results for the three months ended 31 December 2025 (the \"Quarter\", the \"Period\" or \"Q2 FY2026\"). Unless otherwise stated, the consolidated financial information contained in this report is presented in United States Dollars (\"USD\" or \"$\").\n \nHighlights\n· Sylvania Dump Operations (\"SDO\") declared 24,642 4E (31,380 6E) PGM ounces in Q2 FY2026, a marginal increase in both 4E and 6E PGM production ounces quarter-on-quarter (Q1 FY2026: 24,522 4E (31,234 6E) PGM ounces), surpassing the previous records achieved in the last quarter;\n· Construction of the centralised PGM Filtration Plant was completed during Q2 FY2026 and is fully operational; the successful commissioning marks a major operational milestone that ensures consistent delivery of high-quality concentrate;\n· First Chrome and PGM concentrate products from the Thaba Joint Venture (\"Thaba JV\") were dispatched during the Period;\n· The SDO and Thaba JV were Lost-Time Injury (\"LTI\")-free during the Quarter;\n· Mooinooi achieved one-year total injury free during the Period;\n· SDO recorded $54.8 million net revenue for the Quarter, a 21% increase quarter-on-quarter (Q1 FY2026: $45.1 million);\n· Adjusted Group EBITDA of $29.8 million, a 35% increase for the Quarter (Q1 FY2026: $22.0 million);\n· Environmental, Social and Governance (\"ESG\") Report for FY2025 released;\n· Final dividend of 2 pence per share for FY2025 was paid on 5 December 2025, amounting to $6.8 million; and\n· Following a consecutive impressive quarter by SDO, PGM production guidance fo...