Thungela Resources Limited (OTCPK:TNGRF) Q2 2025 Earnings Conference Call August 18, 2025 6:00 AM ET
Company Participants
Hugo Nunes – Head of Investor Relations
July Ndlovu – CEO
Gideon Frederick Smith – CFO & Executive Director
Conference Call Participants
Ephrem Ravi – Citigroup Inc., Research Division
Thobela Bixa – Nedbank Corporate and Investment Bank, Research Division
Hugo Nunes
Good day, everyone, and welcome to Thungela’s 2025 Interim Results Presentation. I’m Hugo Nunes, Head of Investor Relations, and I’d like to take a couple of minutes to introduce today’s agenda and to explain how the day will run. But first, allow me to draw your attention to a couple of disclaimers ahead of today’s presentation. While you take a moment to read through the cautionary statement, we will start with our CEO, July Ndlovu, who will share Thungela’s performance for the first half of 2025. Our CFO, Deon Smith, will then talk through the financial and operational performance for 2025. And after this, July will conclude the presentation. This will be followed by a Q&A session.
Turning to Q&A. [Operator Instructions] Before I hand over to July, I want to draw your attention that unless otherwise indicated in the presentation, the group financial results include the results of the interim business at 85% until 28 February 2025 and 100% from that date.
Now please allow me to hand over to our CEO, July Ndlovu.
July Ndlovu
Thank you, Hugo, and good day to everyone on the call. Before I get into the detailed results, let me extend a warm welcome to Mr. Moses Madondo, our incoming CEO, who has joined us in the room as part of our handover. Today, I’m pleased to share the 2025 interim results with you. These results demonstrate our ability to control the controllables. We report these results against the backdrop of geopolitical tensions and dislocations of
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