Pan African Pan African Resources Funding
Resources PLC Company Limited
(Incorporated Incorporated in the Republic of
and South Africa with limited
registered in liability
England and
Wales under Registration number:
the Companies 2012/021237/06
Act 1985 with
registered Alpha code: PARI
number
3937466 on 25
February
2000)
Share code on
LSE: PAF
Share code on
JSE: PAN
Share code on
ASX: PAF
ISIN:
GB0004300496
ADR ticker
code: PAFRY
(Pan African
or the
Company or
the Group)
GROUP TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2026
In terms of the JSE Listings Requirements, issuers are required to publish a
trading statement as soon as they are reasonably certain that the results for
the period to be reported upon next will differ by at least 20% from the most
recent published results for the previous corresponding period.
Shareholders and noteholders are advised that the Company has a reasonable
degree of certainty that:
· earnings per share (EPS) for the year ended 30 June 2026 (current reporting
period or FY26) is expected to be between US17.24 cents per share and US 17.96
cents per share, compared to EPS of US 7.16 cents per share for the year ended
30 June 2025 (corresponding reporting period or FY25), an increase of between
141% and 151%, respectively.
· headline earnings per share (HEPS) for the current reporting period is
expected to be between US17.35 cents per share and US 17.94 cents per share,
compared to HEPS of US 5.89 cents per share for the corresponding reporting
period, an increase of between 195% and 205%, respectively.
The increase in EPS and HEPS for the current reporting period, relative to the
corresponding reporting period, is primarily attributable to an expected
increase in revenue, as a result of the following:
· an increase of 54.8% in the average US$ gold price received to US$4,235/oz
(FY25: US$2,735/oz)
· an increase in gold sold of 38.3% to 272,373oz (FY25: 196,926oz).
The Group is expected to achieve full-year all-in sustaining cost (AISC)
guidance of US$1,870/oz (at an exchange rate of US$/ZAR:17.00). Other
exceptional expenses for the current reporting period relate to an increase in
the share-based payment liability of approximately US$40 million, arising from
the appreciation in the share price of the Company over the period.
Group production is further expected to increase for the year ending 30 June
2027 to between 280,000oz and 302,000oz, largely attributable to increased
production from Tennant Mines.
Pan African's presentation currency is the United States dollar (US$), while its
functional currencies are the South African rand (ZAR) and Australian dollar
(A$). Movements in the US$/ZAR and the US$/A$ exchange rates affect the Group's
US$ reported results. The average US$/ZAR and US$/A$ exchange rates prevailing
during the current reporting period are used to translate the Group's ZAR and A$
financial performance into US$.
During the current reporting period, the average exchange rates were
US$/ZAR:16.90 (FY25:US$/ZAR:18.17) and US$/A$:1.47 (FY25: US$/A$:1.54). The
closing exchange rates at 30June2026 were US$/ZAR:16.46 (FY25: US$/ZAR:17.75)
and US$/A$:1.45 (FY25: US$/A$:1.52).
The year-on-year movement in the average and closing US$/ZAR exchange rates of
7.0% and 7.3%, and the average and closing US$/A$ rates of 4.5% and 4.6%,
respectively, should be considered when comparing year-on-year results. The
weighted average number of outstanding shares at 30 June 2026 was 2,029,579,129
(FY25: 1,978,937,605).
The financial information contained in this announcement is the responsibility
of the board of directors of the Company and has neither been reviewed nor
audited by the Company's auditors. The Group's results for the year ended 30
June 2026 will be released on 16September2026.
The information contained in this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of this announcement via the
Regulatory Information Service in the UK, Stock Exchange News Service of the JSE
and Australian Stock Exchange, this inside information is now considered to be
in the public domain.
Rosebank
10 September 2026
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office Registered office
The Firs Building 107 Cheapside, 2nd Floor
2nd Floor, Office 204 London, EC2V 6DN
Corner Cradock and United Kingdom
Biermann Avenues
Office: + 44 (0)20 3869 0706
Rosebank, Johannesburg
South Africa
Office: + 27 (0)11 243
2900
info@paf.co.za
Chief executive Financial director and debt officer
officer
Marileen Kok
Cobus Loots
Office: + 27 (0)11 243 2900
Office: + 27 (0)11 243
2900
Head: Investor Website: www.panafricanresources.com
relations
Hethen Hira
Tel: + 27 (0)11 243
2900
Email: hhira@paf.co.za
Company secretary Joint broker
Jane Kirton Ross Allister/Georgia Langoulant
St James's Corporate Peel Hunt LLP
Services Limited
Office: +44 (0)20 7418 8900
Office: + 44 (0)20 3869
0706
JSE sponsor and JSE Joint broker
debt sponsor
Thomas Rider/Nick Macann
Ciska Kloppers
BMO Capital Markets Limited
Questco Corporate
Advisory Proprietary Office: +44 (0)20 7236 1010
Limited
Office: + 27 (0)78 286
9556
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG (Berenberg)
Office: +44 (0)20 3207 7800
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/pan-african-resources-plc/r/group-trading-statement-for-the-year-ended-30-june-2026,c4394145
