Johannesburg-based mining house DRDGOLD has reported a sharp rise in profit for the year ended June 2026, helped by stronger revenue and operating performance, allowing a heavy increase in its dividends to shareholders.
The company has gained R4.26-billion from R2.24-billion compared to the previous year. Headline earnings increased 89% to R4.25-billion, while earnings per share also increased 89% to 492.1 cents from 260.1 cents.
Revenue increased 42% to R11.16-billion from R7.88-billion, driven by the 83% climb in operating profit to R6.45-billion compared to R3.52-billion in the previous year.
The revenue increase comes as DRDGOLD benefitted from higher old prices. The company’s cash operating costs increased to R4.71-billion from R4.37-billion.
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DRDGOLD produced 4,839 kilograms of gold during the year, similar to the 4,830 that was produced in the previous year.
The sharp improvement has motivated the board to declare a final cash dividend of 120 cents per share, representing 200% increase in the final dividend compared to the 40 cents in the previous year.
Ergo, a principal subsidiary of DRDGOLD, slightly increased gold production to 3,511kg from 3,473kg. However, its revenue increased to R8-billion from R5.6-billion.
FWGR showed a decline from 1,357kg from 1,328kg and showed R-billion increase in revenue compared to R2-billion in the previous cycle.
- DRDGOLD reported a profit increase to R4.26-billion for the year ended June 2026, up from R2.24-billion the previous year.
- Headline earnings and earnings per share both rose by 89%, reaching R4.25-billion and 492.1 cents respectively.
- Revenue grew 42% to R11.16-billion, driven by an 83% increase in operating profit to R6.45-billion.
- DRDGOLD produced 4,839 kilograms of gold, nearly unchanged from 4,830 kilograms the previous year.
- The company declared a final cash dividend of 120 cents per share, a 200% increase from the previous year's 40 cents.
Johannesburg-based mining house DRDGOLD has reported a sharp rise in profit for the year ended June 2026, helped by stronger revenue and operating performance, allowing a heavy increase in its dividends to shareholders.
Revenue increased 42% to R11.16-billion from R7.88-billion, driven by the 83% climb in operating profit to R6.45-billion compared to R3.52-billion in the previous year.
DRDGOLD produced 4,839 kilograms of gold during the year, similar to the 4,830 that was produced in the previous year.
Ergo, a principal subsidiary of DRDGOLD, slightly increased gold production to 3,511kg from 3,473kg. However, its revenue increased to R8-billion from R5.6-billion.
FWGR showed a decline from 1,357kg from 1,328kg and showed R-billion increase in revenue compared to R2-billion in the previous cycle.
