Sylvania posts strong financial, operational performance
Platinum group metals and chrome producer Sylvania has posted a net profit of $20.2-million for the financial year ended June 30, compared with the net profit of $7-million reported for the 2024 financial year.
Group earnings before interest, taxes, depreciation and amortisation also increased to $29.3-million for the year under review, compared with the $13.5-million reported for the prior financial year.
Revenue increased to $104.2-million, from $81.7-million in the prior financial year.
Sylvania's production exceeded guidance, with a record 81 002 oz of platinum, palladium, rhodium and gold (4E) PGMs produced by the Sylvania Dump Operations.
"In addition to the outstanding record PGM production performance from our existing SDO plants during the year, I am also extremely proud that we have now completed the commissioning of the new Thaba joint venture plant and are currently in the ramp-up phase.
"This long-awaited milestone marks a critical step towards our further growth and diversification strategy, where we will be adding an attributable annual production of approximately 6 800 oz of 4E PGMs and introducing 210 000 t of chromite concentrate and chrome income to the existing production profile and revenue stream, once at steady state," comments Sylvania CEO Jaco Prinsloo.
He says the company expects to reach steady state operation during the third quarter of the 2026 financial year.
"The board is positive about the year ahead and believes our operations will continue to deliver strong production performance, while striving to further improve operational efficiencies. In line with this, the board has set an annual production target of 83 000 to 86 000 oz of 4E and 100 000 t to 130 000 t of chromite concentrate for the 2026 financial year," he adds.
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