Quarterly UpdatesMay 6, 2026, 11:41 AM
DRDGOLD Q3 2026 Gold Production +6%, Revenue +6%; Operating Profit +19%
AI Summary
DRDGOLD reported a strong operating update for the quarter ended March 31, 2026, with gold production increasing by 6% to 1,219 kg and revenue rising by 6% to R2,963.1 million. The company saw a significant 19% increase in operating profit and a 21% rise in Adjusted EBITDA, primarily driven by a 13% increase in the average Rand gold price received and higher tonnage throughput. DRDGOLD is on track to meet the upper end of its FY2026 production guidance and improved its liquidity, ending the quarter with R2,316.3 million in cash, enabling continued capital expenditure funding without debt.
Key Highlights
- Gold produced increased by 6% to 1,219 kg (39,192 oz) quarter-on-quarter.
- Revenue rose by 6% to R2,963.1 million (US$181.5 million) quarter-on-quarter.
- Operating profit surged by 19% to R1,854.0 million (US$113.5 million) quarter-on-quarter.
- Adjusted EBITDA increased by 21% to R1,812.8 million (US$111.0 million) quarter-on-quarter.
- Cash operating costs per kilogram decreased by 4% to R960,270 quarter-on-quarter.
- Cash and cash equivalents grew to R2,316.3 million as of March 31, 2026.
- Company is on track to achieve the upper end of FY2026 production guidance (140,000-150,000 oz).