Valterra Platinum

UBS sees medium- to long-term support for prices of platinum group metals because of supply bottlenecks and shifting demand from hybrid vehicles. In the short term the bank expects sideways movement but sees selective opportunities among high-quality producers with strong balance sheets. As its top pick in the sector UBS names Valterra, which should benefit from tight primary supply and industry restructuring. » More on de.investing.com

Valterra Platinum reported a strong rise in profit and cash flow for H1 2026: revenue climbed 93% to 82 billion ZAR, EBITDA reached 33.4 billion ZAR and adjusted earnings were 21.5 billion ZAR (82 ZAR per share). Free cash flow was 26 billion ZAR, net cash rose to 24 billion ZAR and the board approved an interim dividend of 57 ZAR per share. Production and refining recoveries increased (refined production +25% to 1.7 million ounces) and cost metrics improved; at the same time safety (four fatalities) and commodity price volatility remain material risks. Management maintained the full‑year outlook and expects stronger production in the second half as well as planned capital projects such as Sandsloot Underground. » More on de.investing.com

Valterra Platinum announces a cash distribution of 15.1 billion rand (57.00 rand per share), approved by the board on 27 July. The payment comprises a base dividend of 8.6 billion rand (32.50 rand per share) and an additional distribution of 6.5 billion rand (24.50 rand per share) and will be paid from retained earnings. The last day to trade to qualify for the dividend in South Africa is 18 August with payment on 24 August; for the London register the last trade date is 19 August with payment on 8 September. A withholding tax of 20% generally applies to the dividend; non‑resident shareholders may be able to apply for reduced rates under double taxation treaties. » More on de.investing.com