profit from every £100 of sales.

Thungela Resources
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
It has no yearly profit to compare the price with.
It holds more cash than debt.
Money in, money out
What Thungela Resources sold, what it kept, and what it did with the cash.
Sales went from ZAR 50.8 billion in 2022 to ZAR 29.6 billion in 2025, with -ZAR 7.09 billion of profit last year.
Thungela Resources vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from £100 of sales | Sales growth a year | Price per £1 of profit |
|---|---|---|---|
Thungela Resources | No profit yet | ||
China Shenhua Energy | 20.0× · Fair price | ||
Adani Enterprises | 39.2× · Expensive | ||
Shaanxi Coal Industry | 15.2× · Fair price | ||
Coal India | 8.0× · Cheap |
AI analysis
An AI analyst reads Thungela Resources's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of ZAR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 50,753 | 30,634 | 35,554 | 29,599 | |
| 40,139 | 20,660 | 20,280 | 16,882 | |
| 27,515 | 6,639 | 3,588 | -1,488 | |
| 26,078 | 9,783 | 8,607 | -3,994 | |
| 16,988 | 5,162 | 3,592 | -7,085 | |
| 124.87 | 36.92 | 26.42 | -54.64 | |
| 79.1% | 67.4% | 57.0% | 57.0% | |
| 54.2% | 21.7% | 10.1% | -5.0% | |
| 33.5% | 16.9% | 10.1% | -23.9% |
Balance sheet
| In millions of ZAR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 40,575 | 46,486 | 48,077 | 37,785 |
| Cash | 14,780 | 10,242 | 8,671 | 5,054 |
| Total debt | 153 | 132 | 50 | 86 |
| Total liabilities | 14,416 | 21,890 | 21,973 | 21,607 |
| 26,273 | 24,609 | 25,560 | 16,012 | |
| 136 | 140 | 136 | 132 | |
| 70.6% | 24.9% | 18.0% | -32.2% | |
| 64.7% | 21.0% | 14.1% | -44.2% |
Cash flow
| In millions of ZAR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 19,784 | 8,503 | 5,289 | 2,368 | |
| 1,923 | 3,336 | 3,526 | 3,123 | |
| 17,861 | 5,167 | 1,763 | -755 | |
| Dividends paid | 10,483 | 6,920 | 1,630 | 1,670 |
| 165 | 259 | 724 | 772 | |
| 113 | 127 | 145 | 183 |
Valuation
- –
- –
- –
- 0.0×
- 0.5×
- –
- –
- -5.1%
- -47.7%
- 11.2%
Profitability
- 57.0%
- -5.0%
- -23.9%
- –
- -32.2%
- 20.3%
- –
- –
- –
- –
Growth
- −16.5%
- –
- –
- –
- −1.1%
Financial health
- -1.2×
- 0.01
- –
- -6.3×
- 1.73
- –
- –
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
How safe it looks
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about Thungela Resources
Is Thungela Resources a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Thungela Resources AI analysis
What does Thungela Resources do?
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia. It is in Thermal Coal, based in Johannesburg, South Africa.
Does Thungela Resources pay a dividend?
Yes. At today's price the dividend is 11.2% a year. In 2025 it paid out £1.67 billion in dividends.
Is Thungela Resources stock halal?
No. Thungela Resources does not pass our halal screen: its cash and confirmed interest-bearing investments are 34% of its market value, at or above the 33% limit. How we check
How has Thungela Resources stock done over the past year?
Up 52.3% over the past twelve months, to £5.30. It traded between £3.33 and £8.12 and is 34.7% below its high.
Who are Thungela Resources's competitors?
The largest listed companies in the same industry are China Shenhua Energy, Adani Enterprises, Shaanxi Coal Industry and Coal India. The peers table on this page compares their profit, growth and price with Thungela Resources's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.



