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    Industrial Materials
African Rainbow Minerals Limited

African Rainbow Minerals Limited

ARI.JO
African Rainbow Minerals LimitedZA flagJohannesburg Stock Exchange
18,325.00
ZAc
+40.00
- -
36.79BMarket Cap
African Rainbow Minerals Limited
ARI.JO
(Johannesburg Stock Exchange)

Recent

price

18,325.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
51.92
69.96
82.04
34.09
46.26
42.64
38.33
42.99
42.71
45.95
60.01
100.63
86.36
74.79
58.24
59.65
Revenue per Share
8.54
15.81
16.09
7.59
15.21
0.48
-2.65
7.23
23.93
18.48
20.42
64.64
63.43
41.21
16.05
1.69
Basic EPS, GAAP
0.1
6.49
-0.74
0.75
4.36
3.59
-1.14
10.11
7.61
10.11
15.57
18.98
13.23
9.11
-11.34
-1.07
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
62.34
75.96
87.47
89.64
98.59
92.64
87.38
103.11
118.01
124.41
129.61
176.48
207.39
214.44
212.49
201.26
Book Value per Share
86.28
103.19
113.31
117.41
129.62
123.17
114.77
126
143
153.89
175.22
223.72
256.76
275.89
296.03
307.33
Tangible Book Value per Share
212
213
214
215
216
217
213
190
191
192
194
195
196
196
196
195
Basic Weighted Avg Shares
11,022
14,893
17,530
7,342
10,004
9,263
8,164
8,158
8,142
8,834
11,653
19,657
16,917
14,662
11,418
11,661
Sales/Revenue/Turnover
22.79
36.25
29.75
15.99
16.7
7.27
2.61
4.61
13.3
8.01
26.03
57.25
46.1
33.15
0.26
-5.28
Operating Margin (%)
8
1,118
1,315
- -
- -
1,047
966
815
741
692
652
809
854
879
973
- -
Depreciation Expense
1,812
3,366
3,438
1,634
3,289
104
-565
1,372
4,562
3,554
3,965
12,626
12,426
8,080
3,146
330
Net Income, GAAP
33.83
32.23
31.38
- -
13.35
82.86
- -
- -
10.21
5.91
17.61
17.72
16
16.43
- -
52.43
Effective Tax Rate (%)
16.44
22.6
19.61
22.26
32.88
1.12
-6.92
16.82
56.03
40.23
34.03
64.23
73.45
55.11
27.55
2.83
Profit Margin (%)
4,282
5,274
5,628
2,760
3,011
2,426
840
2,117
3,910
5,066
8,140
15,199
17,387
12,844
9,876
11,205
Working Capital
2,582
2,337
2,216
3,293
2,420
2,511
4,171
2,002
1,744
1,148
1,565
1,105
305
206
631
1,399
LT Debt
18,529
22,170
24,405
25,463
28,199
26,905
24,581
24,040
27,378
29,703
34,108
43,776
50,363
54,145
58,087
60,121
Total Equity
7.6
15.34
13.41
- -
4.73
0.37
- -
- -
3.43
2.16
7.34
22.7
13.58
7.67
- -
-0.48
Return on Invested Capital (%)
10.62
17.68
15.99
- -
12.77
0.69
- -
- -
18.83
13.18
11.37
29.26
25.3
15.22
- -
0.69
Return on Capital (%)
14.48
22.89
19.72
8.6
16.19
0.5
-2.92
7.19
21.69
15.31
16.15
42.34
33.09
19.55
7.52
0.81
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.81%
12.34%
3.5%
Free Cash Flow
-130.92%
-70.71%
-90.56%
Net Income, GAAP
-73.28%
6.26%
-89.51%
Sales/Revenue/Turnover
4.97%
4.28%
2.13%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
11,418
2025
- -
- -
- -
- -
11,661
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
16.05
2025
- -
- -
- -
- -
1.69
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
African Rainbow Minerals Limited (ARI.JO) is a South African investment holding company focused on mining and metals, with investments across a diversified portfolio of ferrous and platinum group metals (PGMs), base metals, thermal coal, and iron ore operations. The company holds significant stakes in key subsidiaries and associates, including Assmang Proprietary Limited, which produces manganese alloys, iron ore, and metallurgical coal; Motisun Group Limited, engaged in PGM mining and beneficiation through Two Rivers Platinum and Modikwa Platinum mines; and Cobalt 27 Capital Corp., involved in cobalt streaming and recycling; as well as interests in nickel, copper, and gold projects. ARM operates primarily in South Africa, with additional exposure in Australia through its coal assets, and targets industrial, export, and domestic markets for its commodities. Founded in 1938 and headquartered in Sandton, Johannesburg, South Africa, the company maintains a strategy of value-accretive investments in resource projects, emphasizing operational efficiency and expansion in high-demand minerals essential for energy transition and infrastructure. In recent developments, ARM completed the acquisition of a 26.5% interest in Nkomati Anthracite (Pty) Ltd in 2024, bolstering its thermal coal portfolio; announced a strategic partnership with Jinchuan Group for the development of the Horseshoe Chromium Mine in 2024; and divested non-core assets including its shareholding in Wedgetail Ferroalloys in early 2025 to streamline operations. Additionally, the company reported robust interim results for the six months ended September 2024, driven by higher production at Assmang and favorable commodity prices, alongside ongoing exploration advancements at the Bokoni Platinum Mine following its 2023 restructuring. ARM continues to prioritize sustainable mining practices and capital allocation towards growth opportunities in critical minerals.