Tharisa Projects Significant Earnings Decline Amid Operational Challenges

 

Tharisa (LSE:THS) expects a sharp decline in earnings for the six months ending March 31, 2025, with basic and headline earnings per share forecasted to fall by over 76% compared to the same period last year. The downturn is driven by operational difficulties stemming from extreme weather and a weaker chrome price, adversely affecting the company’s financial performance and market position.

More about Tharisa

Tharisa is an integrated resource group pivotal to the energy transition and decarbonization efforts. It specializes in exploration, mining, processing, and marketing of PGMs and chrome concentrates, primarily operating the Tharisa Mine in South Africa and advancing the Karo Platinum Project in Zimbabwe. The company is committed to reducing its carbon footprint by 30% by 2030 and achieving net carbon neutrality by 2050, leveraging renewable energy projects and innovative technologies.

• Average Trading Volume: 155,124

• Technical Sentiment Signal: Sell

• Current Market Cap: £182.4M

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