Thungela Resources Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects earnings per share to be between ZAR 34 and ZAR 39, a decrease of between ZAR 88.08 and ZAR 93.08 per share compared to EPS of ZAR 127.08 for the year ended 31 December 2022 (the `prior period'). Earnings attributable to the shareholders of the Group for the current period is expected to be between ZAR 4.6 billion and ZAR 5.3 billion.

Headline earnings per share (`HEPS') for the current period is expected to be between ZAR 31 and ZAR 36, a decrease of between ZAR 94.82 and ZAR 99.82 per share compared to HEPS of ZAR 130.82 for the prior period. Headline earnings attributable to the shareholders of the Group for the current period is likely to be between ZAR 4.3 billion and ZAR 4.9 billion (compared to ZAR 17.5 billion in the prior period).