Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')


AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 AND CASH DIVIDEND
DECLARATION

Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies.
It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of
PGMs and chrome concentrates, using innovation and technology as enablers. Its principal operating asset
is the Tharisa Mine located in the south-western limb of the Bushveld Complex, South Africa. The
mechanised mine has a 19-year open-pit life and the ability to extend operations underground by at least
an additional 40 years. Tharisa also owns Karo Mining Holdings a development stage, low-cost, open-pit
PGM asset, located on the Great Dyke in Zimbabwe. The Company is committed to reducing its carbon
emissions by 30% by 2030 and the development of a roadmap is continuing to be net carbon neutral by
2050.



REEF MINED
5.51 Mt
(2021: 5.38 Mt)
+2.4%


PGM PRODUCTION (5PGE + AU)
179.20 koz
(2021: 157.80 koz)
+13.6%


CHROME CONCENTRATE PRODUCTION
1.58 Mt
(2021: 1.51 Mt)
+4.6%


REVENUE
US$686.0 m
(2021: US$596.3 m)
+15.0%


OPERATING PROFIT
US$184.5 m
(2021: US$178.8 m)
+3.2%


EBITDA
US$236.3 m
(2021: US$224.3 m)
+5.3%


PROFIT BEFORE TAX
US$220.2 m
(2021: US$185.3 m)
+18.8%


EARNINGS PER SHARE
US 53.8 cents
(2021: US 37.4 cents)
+43.9%


HEADLINE EARNINGS PER SHARE
US 41.1 cents
(2021: US 38.3 cents)
+7.3%


TOTAL DIVIDEND
US 7.0 cents
(2021: US 9.0 cents)



This short form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement. The full announcement was released on SENS and RNS on
5 December 2022, and can be found on the Company’s website at www.tharisa.com and can also be
viewed here, https://senspdf.jse.co.za/documents/2022/jse/isse/THA/FYresults.pdf. Copies of the
announcement may also be requested at the Company’s registered office, at no charge, during office hours.

Any investment decision should be based on the full announcement published on SENS and RNS.

Ernst & Young Cyprus Limited has expressed an unmodified audit opinion in the Independent Auditor’s
Report dated 1 December 2022 on the audited consolidated financial statements. That report also includes
the communication of key audit matters and is available on the Company’s website:
https://www.tharisa.com/pdf/investors/annual-results/2022/independent-auditors-report.pdf.

By order of the Board

P Pouroulis Chief Executive Officer                 MG Jones Chief Finance Officer

5 December 2022




DIRECTORS
Loucas Pouroulis (Executive Chairman)
Phoevos Pouroulis (Chief Executive Officer)
Michael Jones (Chief Finance Officer)
Carol Bell (Lead Independent Director)
David Salter (Independent non-executive director)
Antonios Djakouris (Independent non-executive director)
Omar Kamal (Independent non-executive director)
Roger Davey (Independent non-executive director)
Shelley Wai Man Lo (Non-executive director)
Zhong Liang Hong (Non-executive director)



REGISTERED ADDRESS
Office 108 – 110
S. Pittokopitis Business Centre
17 Neophytou Nicolaides and Kilkis Streets, 8011 Paphos, Cyprus
www.tharisa.com




GROUP COMPANY SECRETARY
Sanet Findlay
The Crossing, 372 Main Road
Bryanston, Johannesburg, 2021
South Africa
Email: secretarial@tharisa.com


ASSISTANT COMPANY SECRETARY
Lysandros Lysandrides
31 Evagoras Ave
6th Floor Evagoras House
1066 Nicosia
Cyprus


TRANSFER SECRETARIES
Computershare Investor Services Proprietary Limited, Cymain Registrars Limited



Paphos, Cyprus
5 December 2022


JSE Sponsor
Investec Bank Limited
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Investor Relations Contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com

Financial PR Contacts:
Bobby Morse / Oonagh Reidy
+44 207 466 5000
tharisa@buchanan.uk.com

Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 7418 8900

BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010

Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800

Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Carlyle Whittaker
+27 11 294 0061

About Tharisa
Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies.
It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of
PGMs and chrome concentrates, using innovation and technology as enablers. Its principal operating asset
is the Tharisa Mine located in the south-western limb of the Bushveld Complex, South Africa. The
mechanised mine has a 20-year open-pit life and the ability to extend operations underground by at least
an additional 40 years. Tharisa also owns Karo Mining Holdings a development stage, low-cost, open-pit
PGM asset, located on the Great Dyke in Zimbabwe. The Company is committed to reducing its carbon
emissions by 30% by 2030 and the development of a roadmap is continuing to be net carbon neutral by
2050. Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the Main Board of the London
Stock Exchange (LSE: THS).