South African (SA) coal miner Thungela Resources reported a a full-year loss on Monday, hit by a decline in prices.
The thermal coal exporter reported a headline loss per share $0.3752 in the year ended December 31, from headline earnings per share of 25.59 Rand the previous year.
Thungela’s revenue fell 17% in 2025, dragged down by lower benchmark coal prices and a stronger SA Rand exchange rate against the US Dollar.
The international thermal coal market was depressed throughout 2025, mainly due to weak demand in China and India, key coal-consuming countries.
The two Asian countries have expanded domestic coal production while advancing alternative energy sources, Thungela said.
The company’s average realised export price for its SA coal was 20% lower compared with the previous year, while prices for its Australian output were down 17%.
–Reuters–
