Exxaro says improved Transnet Freight Rail performance and alternative distribution channels helped lift its coal export sales by 2% to 7,1 Mt during the year ended December 31, 2025.
Compared to the previous financial year, the diversified resources group’s coal production and sales increased by 1% to 39,9 Mt and 39,6 Mt respectively while average export coal prices fell by 14% to US$90/t.
Earnings before interest, taxes, depreciation and amortisation decreased by 2% to R10,2 billion while revenue increased by 3% to R41,8 billion, driven by good cost management and operational efficiencies.
In addition, Exxaro’s renewable energy business more than doubled capacity during the year and expanded its pipeline through strategic acquisitions. The 140 MW Karreebosch wind farm, which will supply wheeled energy to Northam Platinum, is under construction and expected to start generating in the first half of 2027.
Exxaro has also commissioned its 68 MW Lephalale solar plant designed to generate 176 GWh a year under a 25-year power purchase agreement.
