2026 Condensed consolidated interim results (reviewed) for the six months ended 31 December 2025 >> Dividend declaration

Dividend declaration

Shareholders are advised that the board has resolved to declare an interim gross cash dividend of 410 cents per ordinary share or R3.7 billion in aggregate (excluding treasury shares) as at the date of the declaration, for the six-month period ended 31 December 2025. The dividend will be paid from retained earnings.

Implats' dividend policy is aligned with its capital allocation framework, which prioritises delivering sustainable and attractive returns to shareholders while maintaining a strong, flexible balance sheet. This approach ensures the business remains appropriately capitalised to pursue future value-accretive growth opportunities. In line with this framework, the dividend policy provides for a minimum distribution of 30% of free cash flow, calculated before growth capital for the reporting period. This implies a minimum dividend payment of R1.9 billion or 205 cents per share.

In determining the dividend at the time of declaration, the board considered the robust financial performance in the period, together with the improved market conditions and adjusted the payout ratio to approximately 60% of adjusted free cash flow.

Implats has 904 368 485 ordinary shares in issue, and the Company's tax reference number is 9700178719. The cash dividend will be subject to a 20% dividend withholding tax for shareholders who are not exempt from, or do not qualify for, a reduced rate of withholding tax. Therefore, the net dividend amount is 328 cents per ordinary share for shareholders liable to pay the dividend withholding tax and 410 cents per ordinary share for shareholders exempt from dividend withholding tax. Shareholders are advised to complete the requisite declaration form to make the Company aware of their tax status.

The salient dates are as follows:

Share certificates may not be dematerialised or rematerialised between Wednesday, 25 March 2026 and Friday, 27 March 2026, both days inclusive.