Sylvania Platinum FY2026 slides: record output, revenue more than doubles

Sylvania Platinum Limited reported record fiscal year 2026 results on September 16, 2026, with net revenue more than doubling to $226.3 million, driven by higher platinum group metal (PGM) prices and the commissioning of its first chrome operation. Despite the impressive financial performance, the company's shares remained flat at $90, slightly below their 52-week high of $130 due to lower PGM production guidance for FY2027 and challenges at its newly commissioned Thaba joint venture.

Key financial highlights include a 289% increase in Group EBITDA to $114.2 million and a 229% jump in net profit to $66.4 million, both supported by a 60% rise in the 4E PGM basket price and introduction of chrome revenue.

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