Valterra Platinum declared a dividend that smashed analyst expectations as earnings jumped last year on soaring metals prices.
The Johannesburg-listed miner announced a total 2025 payout of R12 billion ($754 million), or R45 a share, beating the average estimate of R23.10 a share. Net income more than doubled to R15.4 billion.
It’s the second year of larger-than-anticipated payouts by the producer of platinum-group metals. It benefited from surging prices in 2025, a result of supply deficits, robust Chinese demand, and strong US imports amid tariff uncertainty. Platinum more than doubled, while palladium was up almost 80%.
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Valterra started life as an independent company in June, shortly after PGMs began to recover after a prolonged period of weak prices.
Shares of the former Anglo American Plc subsidiary — which owns mines in South Africa and Zimbabwe — rose as much as 7.7% in Johannesburg following the results announcement on Wednesday.
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