Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Emilia Chisango was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Emilia Chisango was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to AU$24.40, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 24x in the Metals and Mining industry in Australia. Total returns to shareholders of 4.1% over the past three years. Board Change • Dec 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Emilia Chisango was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Sep 24
Zimplats Holdings Limited, Annual General Meeting, Oct 23, 2025 Zimplats Holdings Limited, Annual General Meeting, Oct 23, 2025, at 11:00 Arab Standard Time. Location: at the offices of impala platinum holdings limited, 2 fricker road, illovo, johannesburg Saudi Arabia Board Change • Feb 04
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Nonexecutive Director Emilia Chisango was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Nonexecutive Director Emilia Chisango was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 28
Full year 2024 earnings released: EPS: US$0.076 (vs US$1.91 in FY 2023) Full year 2024 results: EPS: US$0.076 (down from US$1.91 in FY 2023). Revenue: US$767.1m (down 20% from FY 2023). Net income: US$8.22m (down 96% from FY 2023). Profit margin: 1.1% (down from 21% in FY 2023). Production and reserves: Copper Production: 0.646 Mt (0.611 Mt in FY 2023) Proved and probable reserves (ore): 247.3 Mt Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Anuncio • Sep 20
Zimplats Holdings Limited, Annual General Meeting, Oct 24, 2024 Zimplats Holdings Limited, Annual General Meeting, Oct 24, 2024. Location: at the offices of impala platinum holding limited, 2 ficker road,iiiovo, johannesburg South Africa Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: US$0.08 (vs US$1.91 in FY 2023) Full year 2024 results: EPS: US$0.08 (down from US$1.91 in FY 2023). Revenue: US$767.1m (down 20% from FY 2023). Net income: US$8.22m (down 96% from FY 2023). Profit margin: 1.1% (down from 21% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 28% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 270% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). New Risk • Apr 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to AU$16.21, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$20.40, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 172% over the past three years. Anuncio • Sep 16
Zimplats Holdings Limited, Annual General Meeting, Oct 19, 2023 Zimplats Holdings Limited, Annual General Meeting, Oct 19, 2023, at 11:00 South Africa Standard Time. Location: at the offices of Impala Platinum Holdings Limited, 2 Fricker Road, Illovo Johannesburg South Africa Agenda: To consider and approve the Company's annual financial statements, the directors' report and the report of the independent auditors for the year ended 30 June 2023; to consider appointment of Deloitte & Touché as independent auditors of the Company; to consider and approve the audit fees of US$28 750 for the year ended 30 June 2023; to consider and approve election of Directors; and to consider and approve amendment in Articles of Incorporation of the Company. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: US$1.91 (vs US$3.29 in FY 2022) Full year 2023 results: EPS: US$1.91 (down from US$3.29 in FY 2022). Revenue: US$962.3m (down 23% from FY 2022). Net income: US$205.5m (down 42% from FY 2022). Profit margin: 21% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Anuncio • Aug 30
Zimplats Holdings Limited Declares Ordinary Fully Paid Dividend for the Year Ended June 30, 2023, Payable on September 13, 2023 Zimplats Holdings Limited declared ordinary fully paid dividend of USD 0.92904000 for the year ended 30 June 2023, payable on 13 September 2023, Record date is 4 September 2023 and Ex date is 1 September 2023. Reported Earnings • Mar 01
First half 2023 earnings released: EPS: US$1.48 (vs US$1.59 in 1H 2022) First half 2023 results: EPS: US$1.48 (down from US$1.59 in 1H 2022). Revenue: US$545.5m (down 6.8% from 1H 2022). Net income: US$159.6m (down 6.5% from 1H 2022). Profit margin: 29% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.93 per share at 11% yield Eligible shareholders must have bought the stock before 20 February 2023. Payment date: 08 March 2023. Payout ratio is a comfortable 68% and the cash payout ratio is 85%. Trailing yield: 11%. Within top quartile of Australian dividend payers (6.8%). Higher than average of industry peers (7.7%). Anuncio • Feb 03
Zimplats Holdings Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on March 8, 2023 Zimplats Holdings Limited announced ordinary dividend of USD 0.92904000 per share for the six months ended December 31, 2022. Record date is February 21, 2023. Ex-date is February 20, 2023. Payment date is March 8, 2023. Board Change • Dec 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: US$3.29 (vs US$5.23 in FY 2021) Full year 2022 results: EPS: US$3.29 (down from US$5.23 in FY 2021). Revenue: US$1.24b (down 8.2% from FY 2021). Net income: US$353.6m (down 37% from FY 2021). Profit margin: 28% (down from 42% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • Sep 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2022 earnings released: EPS: US$3.29 (vs US$5.23 in FY 2021) Full year 2022 results: EPS: US$3.29 (down from US$5.23 in FY 2021). Revenue: US$1.24b (down 8.2% from FY 2021). Net income: US$353.6m (down 37% from FY 2021). Profit margin: 28% (down from 42% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 33% per year. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 19% share price gain to AU$33.51, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 394% over the past three years. Reported Earnings • Feb 21
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: US$1.59 (down from US$2.33 in 1H 2021). Revenue: US$585.2m (down 13% from 1H 2021). Net income: US$170.7m (down 32% from 1H 2021). Profit margin: 29% (down from 37% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.1%. Board Change • Jan 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 03 September 2021. Trailing yield: 4.6%. Lower than top quartile of Australian dividend payers (4.9%). In line with average of industry peers (5.0%). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 40% share price gain to US$18.25, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 2.8x. This compares to an average P/E of 12x in the Metals and Mining industry in Australia. Total returns to shareholders over the past year are 60%. Reported Earnings • Feb 28
First half 2021 earnings released: EPS US$2.33 (vs US$0.75 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$674.9m (up 79% from 1H 2020). Net income: US$250.6m (up 209% from 1H 2020). Profit margin: 37% (up from 22% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 17% share price gain to US$13.50, the stock is trading at a trailing P/E ratio of 4.1x, up from the previous P/E ratio of 3.5x. This compares to an average P/E of 13x in the Metals and Mining industry in Australia. Total returns to shareholders over the past three years are 185%. 