South Africa’s Kumba Iron Ore said on Thursday that it expects its full-year profit to rise by up to 23%, driven by higher mineral prices and increased sales volumes.
Kumba, a unit of Anglo American, said it anticipates headline earnings between 13.9 billion rand and 15.33 billion rand ($862.55 million – $951.29 million) for the year ended December 2025, up from 12.5 billion rand the previous year.
Africa’s top iron ore miner said the profit growth is mainly due to a higher average realized free-on-board export iron ore price of $95 per wet metric ton in 2025, compared with $92 per wet metric ton in 2024. Sales volumes rose 2% to 37 million metric tons, according to Reuters report.
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“The increase in earnings reflects higher prices and sales volumes,” Kumba said in a trading update, adding that iron ore market prices were supported by resilient Chinese pig iron production, strong export demand, and stable supply from major iron ore producers.
Kumba also reduced its on-mine iron ore stockpile to 5.7 million metric tons at the end of December 2025, down from 6.9 million metric tons a year earlier, reflecting improvements in freight rail logistics performance.
Port stock levels increased to 1.8 million metric tons at the end of 2025, up from 0.5 million metric tons in December 2024. The company will release its 2025 financial results on February 19.
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Image Credit: Mining Weekly
