Yesterday, Zimplats Holdings Ltd (ASX: ZIM) reported that it had more than doubled its revenue to US$641.8 million for the half year ended 31 December 2025.
What did Zimplats report?
- Revenue: up 83% to US$641.8 million (H1 FY2025: US$350.2 million)
- Profit after tax: up 3376% to US$143.7 million (H1 FY2025: US$4.1 million)
- Profit before income tax: US$203.4 million (H1 FY2025: US$8.9 million)
- Basic/diluted earnings per share: 134 cents (H1 FY2025: 4 cents)
- No interim dividend was declared for the half year
- Net tangible assets per share: up 9% to US$20.92 (H1 FY2025: US$19.16)
What else do investors need to know?
Production volumes of platinum group metals increased across the board, with 6E ounce output up 13% to 316,765 ounces and sales volumes also rising. The improved result was largely due to higher global metal prices and higher volumes, while cost of sales climbed 31% as labour, maintenance and royalty costs increased with revenue.
The board maintained a cautious approach to capital management, opting not to pay a dividend this half. Zimplats ended the period with US$145.7 million in cash and cash equivalents, a substantial improvement from the US$41.4 million held at the end of the previous corresponding period.
What did Zimplats management say?
Chief Executive Officer Alex Mhembere said:
Safety remains our unwavering priority, and I am proud of the significant strides we have made toward our zero-harm goal. The improvement in platinum group metal prices has strengthened our position, enabling us to focus on operational excellence and sustainable growth. Our investments in innovation, including the solar plant and smelter expansion operations, continue to deliver value and resilience. Together, we are building a stronger, safer, and more sustainable futureâone that thrives on excellence and creates lasting value for all stakeholders.
What’s next for Zimplats?
Looking ahead, Zimplats is continuing with major capital projects to expand production and improve sustainability. Construction of mine replacements and upgrades is on track, with further investment in smelter expansion and renewable energy. The solar plant roll-out will continue, with the next phase forecast for completion in the first half of FY2027.
The company says it remains focused on operational excellence, keeping safety front of mind and aiming for reliable growth. There were no material events after period end impacting the outlook.
Zimplats share price snapshot
Over the past 12 months, Zimplats shares have increased 66%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.
The post Zimplats Holdings: Profit surges, no dividend for half year appeared first on The Motley Fool Australia.
Should you invest $1,000 in Zimplats right now?
Before you buy Zimplats shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Zimplats wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Here are the top 10 ASX 200 shares today
- 9,200 points: ASX 200 hits fresh new record high
- Objective Corporation 1H FY26: profit climbs, dividend declared
- Cleanaway Waste Management reports half-year profit and upgrades FY26 guidance
- Elders sells Killara Feedlot in $195.8m deal
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.