Pan African Resources PLC

LSE:PAF Stock Report

Market Cap: UK£1.6b

Pan African Resources Management

Management criteria checks 3/4

Pan African Resources' CEO is Cobus Loots, appointed in Mar 2015, has a tenure of 10.58 years. total yearly compensation is $2.26M, comprised of 19.8% salary and 80.2% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth £4.90M. The average tenure of the management team and the board of directors is 2.9 years and 6.3 years respectively.

Key information

Cobus Loots

Chief executive officer

US$2.3m

Total compensation

CEO salary percentage19.77%
CEO tenure10.6yrs
CEO ownership0.3%
Management average tenure2.9yrs
Board average tenure6.3yrs

Recent management updates

Shareholders Will Probably Not Have Any Issues With Pan African Resources PLC's (LON:PAF) CEO Compensation

Nov 14
Shareholders Will Probably Not Have Any Issues With Pan African Resources PLC's (LON:PAF) CEO Compensation

Recent updates

Is Pan African Resources (LON:PAF) Using Too Much Debt?

Oct 27
Is Pan African Resources (LON:PAF) Using Too Much Debt?

Market Might Still Lack Some Conviction On Pan African Resources PLC (LON:PAF) Even After 35% Share Price Boost

Sep 19
Market Might Still Lack Some Conviction On Pan African Resources PLC (LON:PAF) Even After 35% Share Price Boost

Investors Met With Slowing Returns on Capital At Pan African Resources (LON:PAF)

Sep 09
Investors Met With Slowing Returns on Capital At Pan African Resources (LON:PAF)

Earnings Tell The Story For Pan African Resources PLC (LON:PAF)

Aug 05
Earnings Tell The Story For Pan African Resources PLC (LON:PAF)

We Think Pan African Resources (LON:PAF) Is Taking Some Risk With Its Debt

Apr 24
We Think Pan African Resources (LON:PAF) Is Taking Some Risk With Its Debt

Further Upside For Pan African Resources PLC (LON:PAF) Shares Could Introduce Price Risks After 27% Bounce

Mar 30
Further Upside For Pan African Resources PLC (LON:PAF) Shares Could Introduce Price Risks After 27% Bounce
User avatar

Mintails Project And Renewable Energy Shift Will Improve Operational Efficiency

Strategic expansion in gold production capacity and reduced all-in sustaining costs are expected to enhance revenue growth and profitability.

Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Dec 17
Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Shareholders Will Probably Not Have Any Issues With Pan African Resources PLC's (LON:PAF) CEO Compensation

Nov 14
Shareholders Will Probably Not Have Any Issues With Pan African Resources PLC's (LON:PAF) CEO Compensation

Investors Continue Waiting On Sidelines For Pan African Resources PLC (LON:PAF)

Oct 29
Investors Continue Waiting On Sidelines For Pan African Resources PLC (LON:PAF)

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Oct 05
Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Sep 09
Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Pan African Resources PLC's (LON:PAF) Subdued P/E Might Signal An Opportunity

Jun 19
Pan African Resources PLC's (LON:PAF) Subdued P/E Might Signal An Opportunity

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Apr 30
Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Pan African Resources PLC (LON:PAF) Could Be Riskier Than It Looks

Mar 07
Pan African Resources PLC (LON:PAF) Could Be Riskier Than It Looks

Pan African Resources (LON:PAF) Takes On Some Risk With Its Use Of Debt

Sep 20
Pan African Resources (LON:PAF) Takes On Some Risk With Its Use Of Debt

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

May 05
Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Pan African Resources (LON:PAF) Has Announced A Dividend Of $0.0087

Dec 01
Pan African Resources (LON:PAF) Has Announced A Dividend Of $0.0087

CEO Compensation Analysis

How has Cobus Loots's remuneration changed compared to Pan African Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025US$2mUS$446k

US$142m

Mar 31 2025n/an/a

US$113m

Dec 31 2024n/an/a

US$84m

Sep 30 2024n/an/a

US$82m

Jun 30 2024US$1mUS$412k

US$79m

Mar 31 2024n/an/a

US$76m

Dec 31 2023n/an/a

US$73m

Sep 30 2023n/an/a

US$67m

Jun 30 2023US$2mUS$407k

US$61m

Mar 31 2023n/an/a

US$60m

Dec 31 2022n/an/a

US$58m

Sep 30 2022n/an/a

US$67m

Jun 30 2022US$1mUS$443k

US$75m

Mar 31 2022n/an/a

US$78m

Dec 31 2021n/an/a

US$80m

Sep 30 2021n/an/a

US$77m

Jun 30 2021US$5mUS$417k

US$75m

Mar 31 2021n/an/a

US$69m

Dec 31 2020n/an/a

US$63m

Sep 30 2020n/an/a

US$54m

Jun 30 2020US$1mUS$396k

US$44m

Mar 31 2020n/an/a

US$47m

Dec 31 2019n/an/a

US$50m

Sep 30 2019n/an/a

US$44m

Jun 30 2019US$692kUS$358k

US$38m

Compensation vs Market: Cobus's total compensation ($USD2.26M) is about average for companies of similar size in the UK market ($USD2.41M).

Compensation vs Earnings: Cobus's compensation has increased by more than 20% in the past year.


CEO

Cobus Loots (47 yo)

10.6yrs
Tenure
US$2,256,000
Compensation

Mr. Jacobus Albertus Johannes Loots, also known as Cobus, C.A.(S.A.), C.F.A., serves as Chief Executive Officer at Pan African Resources Funding Company Proprietary Limited and serves as its Executive Dire...


Leadership Team

NamePositionTenureCompensationOwnership
Jacobus Albertus Loots
CEO & Executive Director10.6yrsUS$2.26m0.30%
£ 4.9m
Marileen Kok
Financial Director & Executive Director1yrUS$738.00k0.0022%
£ 36.5k
Bert van den Berg
Chief Operating Officer4.8yrsno datano data
Hethen Hira
Head of Investor Relations & Communicationsless than a yearno datano data
Jane Kirton
Company Secretaryno datano datano data
2.9yrs
Average Tenure
44yo
Average Age

Experienced Management: PAF's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jacobus Albertus Loots
CEO & Executive Director16.2yrsUS$2.26m0.30%
£ 4.9m
Marileen Kok
Financial Director & Executive Director1yrUS$738.00k0.0022%
£ 36.5k
Charles Denby Needham
Independent Non-Executive Director6.3yrsUS$63.00k0.0012%
£ 20.2k
Keith Spencer
Independent Non-Executive Chairman18yrsUS$97.00k0.15%
£ 2.4m
Yvonne Themba
Independent Non-Executive Director6.3yrsUS$65.00kno data
Dawn Earp
Lead Independent Non-Executive Director4.1yrsUS$69.00kno data
Thabo Mosololi
Independent Non-Executive Director11.8yrsUS$75.00k0.0079%
£ 129.6k
6.3yrs
Average Tenure
59yo
Average Age

Experienced Board: PAF's board of directors are considered experienced (6.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/27 13:10
End of Day Share Price 2025/10/27 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pan African Resources PLC is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Herbert KharivheAbsa Bank Limited
Richard HatchBerenberg
William DalbyBerenberg