African Rainbow Minerals Limited

African Rainbow Minerals Limited

8.80
USD
-1.02
(-10.39%)
2.11BMarket Cap
Mar 05Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
46.26
42.64
38.33
42.99
42.71
45.95
60.01
100.63
86.36
74.79
58.24
59.65
79.08
- -
Basic EPS, GAAP
15.21
0.48
-2.65
7.23
23.93
18.48
20.42
64.64
63.43
41.21
16.05
1.69
20.74
- -
Free Cash Flow per Basic Share
4.36
3.59
-1.14
10.11
7.61
10.11
15.57
18.98
13.23
9.11
-11.34
-1.07
18.16
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
123.13
117.33
125.76
123.61
135.57
145.68
164.76
205.24
235.44
251.02
275.47
284.93
299.35
299.35
Tangible Book Value per Share
122.36
116.65
125.03
122.93
134.94
145.09
164.33
204.85
235.11
250.74
275.21
284.7
298.14
298.14
Basic Weighted Avg Shares
216
217
213
190
191
192
194
195
196
196
196
195
193
193
Sales/Revenue/Turnover
10,004
9,263
8,164
8,158
8,142
8,834
11,653
19,657
16,917
14,662
11,418
11,661
15,248
- -
Operating Margin (%)
16.7
7.27
2.61
4.61
13.3
8.01
26.03
57.25
46.1
33.15
0.26
-4.87
20.74
- -
Depreciation Expense
- -
1,047
966
815
741
692
652
809
854
879
973
- -
983
- -
Net Income, GAAP
3,289
104
-565
1,372
4,562
3,554
3,965
12,626
12,426
8,080
3,146
330
3,998
- -
Effective Tax Rate (%)
13.35
82.86
- -
- -
10.21
5.91
17.61
17.72
16
16.43
- -
52.43
21.43
- -
Profit Margin (%)
32.88
1.12
-6.92
16.82
56.03
40.23
34.03
64.23
73.45
55.11
27.55
2.83
26.22
- -
Working Capital
3,011
2,426
840
2,117
3,910
5,066
8,140
15,199
17,387
12,844
9,876
11,205
13,068
13,068
LT Debt
2,420
2,511
4,171
2,002
1,744
1,148
1,565
1,105
305
206
631
1,399
124
124
Total Equity
28,199
26,905
24,581
24,040
27,378
29,703
34,108
43,776
50,363
54,145
58,087
60,121
63,145
63,145
Return on Invested Capital (%)
2.98
-0.48
- -
- -
3.53
-2.16
3.8
22.97
15.83
7.81
- -
-0.44
3.94
- -
Return on Capital (%)
10.66
0.57
- -
- -
16.38
11.53
9.5
24.72
22.34
13.38
- -
0.53
4.89
- -
Return on Common Equity (%)
12.96
0.4
-2.29
5.8
18.47
13.14
13.16
34.94
28.78
16.94
6.1
0.6
7.04
- -

Capital Structure

ZAR

•

in mil. unless spec.
Jun'25
Dec'26
Jun'26
ST Debt
636
223
33
LT Borrowings
1,297
786
28
LT Finance Leases
102
101
96
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
196
193
193
Market Capitalization
33,102
32,941
34,524

Working Capital

ZAR

•

in mil. unless spec.
Jun'25
Dec'26
Jun'26
Total Current Assets
15,726
17,397
17,404
Cash, Cash Equivalents & STI
9,252
10,057
10,708
Accounts Receivable, Net
4,685
5,331
4,839
Inventories
892
863
806
Total Current Liabilities
4,521
4,193
4,336
Payables & Accruals
- -
- -
- -
ST Debt
636
223
33
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.17%
7.67%
5.03%
Free Cash Flow
-294.57%
-428.76%
-1,767.62%
Net Income, GAAP
102.2%
184.88%
1,111.52%
Sales/Revenue/Turnover
9.23%
-3.3%
30.76%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
11,418
2025
- -
- -
11,661
2026
- -
- -
15,248

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
16.05
2025
- -
- -
1.69
2026
- -
- -
20.74

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Phillip Velile Tobias
Full Time Employees
21,727
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
ARM House Sandton GT South Africa 2196
IPO Date
Jul 1, 1992
Website
arm.co.za
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.

Company News

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