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Thungela Resources Limited (TNGRF) Q2 2026 Earnings Call Transcript

Thungela Resources LON: TGA reported higher first-half earnings and cash generation for 2026, supported by improved export volumes, stronger benchmark coal prices and lower operating costs, while management retained its full-year operating guidance amid market and currency uncertainty.

Thungela Resources Limited (LSE:TGA) shares jumped as much as 11% to an intraday high of 497.5p on Monday after the thermal coal producer reported stronger first-half earnings, cash generation and production and increased its interim dividend. For the 6 months to 30 June 2026, export saleable production increased 6% to 8.5 million tonnes (Mt), while revenue rose 2% to R15.2 billion.