Northam Platinum F2026 slides: record revenue, profit on PGM rally

Northam Platinum Holdings Limited (JSE:NHM) reported record-breaking financial results for the fiscal year ending June 30, 2026, driven by a surge in platinum group metal prices and increased production volumes. The company's revenue skyrocketed by 64%, reaching R54.0 billion, up from R32.9 billion in the previous fiscal year. Operating profit soared to R14.2 billion, marking a 26.2% margin, a significant jump from R3.6 billion and a 10.9% margin in the prior year.

The company transitioned from a net debt position to a net cash position, declaring record dividends to shareholders. Northam's shares rose by 2.27% to $3.61, within a 52-week range of $2.98 to $4.07. Production from the company's own operations reached a record 938,754 oz 4E, up 4.4% from 899,244 oz 4E in the previous year.