KEY POINTS
- Tshipi produced and sold 3.5-million tonnes of manganese in FY2026, exceeding its annual target.
- Jupiter earned $37.3-million from its 49.9% share of Tshipi’s profit, alongside $9.3-million in marketing fees.
- Tshipi declared a R350-million final dividend, while Jupiter returned $14.7-million to its own shareholders.
ASX-listed Jupiter Mines has reported another strong financial-year performance from the Tshipi manganese mine in South Africa, with production and sales reaching 3.5-million tonnes in the year ended June 30, 2026.
The performance exceeded the mine’s annual plan and was supported by effective mine planning, stockpile management and coordinated processing operations.
Jupiter said Tshipi’s ability to adapt its logistics operations also helped sustain sales during periods of heavy rainfall and rail disruptions.
Jupiter holds a 49.9% beneficial interest in Tshipi é Ntle Manganese Mining, which operates the Tshipi mine in South Africa’s Northern Cape province.
The company said manganese prices improved during the financial year, driven by concerns over supply and rising energy costs. The stronger market enabled Tshipi to prioritise sales of higher-grade manganese ore, supporting its financial performance.
Jupiter recorded a net profit after tax of $37.6-million, down from $39.9-million in the previous financial year. Underlying earnings before interest, taxes, depreciation and amortisation fell to $40.1-million from $43.3-million.
Despite the decline in overall earnings, Tshipi remained a major contributor to Jupiter’s results, with Jupiter’s 49.9% share of Tshipi’s profit reaching $37.3-million. The company also earned $9.3-million in manganese ore marketing fees.
Tshipi declared a final dividend of R350-million for the second half of the financial year. Jupiter’s 49.9% share amounts to R165.9-million, equivalent to about $14.3-million.
Jupiter subsequently declared a final dividend of $0.0075 per share, unfranked, with a total value of $14.7-million.
The payout represents 103% of Jupiter’s share of Tshipi’s dividend, continuing the company’s strategy of returning slightly more to shareholders than it receives from its investment in the manganese operation.
Over the past eight years, Jupiter has declared total dividends of A$450-million, or A$0.23 per share, to its shareholders.
