DRDGOLD FY2026 EPS/HEPS Up 85-95%; Revenue +42%
DRDGOLD Limited announced a trading statement and update for the year ended June 30, 2026, projecting an 85-95% increase in both earnings per share (EPS) and headline earnings per share (HEPS). Revenue surged by 42% to R11,159.0 million, driven by a 40% increase in the Rand gold price and a marginal rise in gold sold. The company exceeded its gold production guidance with 155,577 ounces and kept cash operating costs below guidance, demonstrating strong operational performance and disciplined cost management. Significant capital expenditure of R3,531.6 million was incurred for Vision 2028 projects, including the commissioning of the Daggafontein TSF and DP2 plant expansion, while maintaining a debt-free balance sheet with R2,770.0 million in cash.
Key Highlights
- EPS expected to increase by 85-95% to 481.4-507.4 cents for FY2026.
- HEPS expected to increase by 85-95% to 481.2-507.2 cents for FY2026.
- Revenue increased by 42% to R11,159.0 million ($661.1 million) for FY2026.
- Gold production of 155,577 ounces exceeded guidance of 140,000-150,000 ounces.
- Cash operating costs of R967,544/kg were below guidance of R995,000/kg.
- Cash capital expenditure increased by 57% to R3,531.6 million ($209.2 million).
- Cash and cash equivalents stood at R2,770.0 million ($164.1 million) as of June 30, 2026.
- Daggafontein TSF and DP2 plant expansion commissioned as part of Vision 2028.
Price Impact
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