Kumba Iron Ore Limited interim results 2024
23 July, 2024
Anglo American plc (“Anglo American”) notes Kumba Iron Ore Limited’s announcement of its results for the six months ended 30 June 2024, released this morning to the Johannesburg Stock Exchange and available via the following website link:
www.angloamericankumba.com/financial-results.
Kumba Iron Ore Limited reported adjusted EBITDA of R15.6 billion (auditor reviewed), equivalent to approximately $0.8 billion.
Below is a reconciliation of Kumba Iron Ore Limited’s adjusted EBITDA to its contribution to Anglo American's underlying EBITDA:
| US$ billion | H1 2024 |
|---|---|
| Kumba Iron Ore Limited reported adjusted EBITDA(1) | ~0.8 |
| Adjustments primarily to remove remeasurements from underlying earnings for Anglo American and include corporate cost allocation | ~0.1 |
| Contribution to Anglo American underlying EBITDA (not reviewed) | ~0.9 |
(1)Adjusted EBITDA as disclosed in Kumba Iron Ore Limited’s interim report, defined as operating profit before deducting depreciation, amortisation and impairment charges and before adding impairment reversals.
Anglo American will report results for the six months ended 30 June 2024 on 25 July 2024.
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