Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Tharisa

THA · A2X Markets · Consolidated statements

On this page
Company details
Legal name
Tharisa plc
Listing
THA on the A2X Markets, active · ISIN CY0103562118 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 September

Overview

Year ended 30 September 2025 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 30 Sep 2025 figures come from it.
Full wording and sources

  • Published summary of audited statements for 2025: final status not established

    Published by the issuer in its 2025 integrated annual report. The consolidated statements are stated to be extracted from the audited financial statements and not audited (PDF p134). No auditor's report on these statements (or on the full statements) is printed: the directors' statement says BDO Limited expressed an unmodified opinion dated 27 November 2025 on the audited consolidated financial statements, available on the company's website (p134). Board authorisation for issue on 27 November 2025 is printed (p136, p137); the directors' names Phoevos Pouroulis and Michael Jones are typeset with no visible signatures on p134 and p137 (name_printed_unsigned, page images).

    Source: Tharisa plc 2025 integrated annual report — Consolidated financial statements for the year ended 30 September 2025 (dated 2025-11-27)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The consolidated financial statements for the year ended 30 September 2025 have been extracted from the audited financial statements of the Group, but have not been audited. The auditor's report on the audited financial statements does not report on all of the information contained herein.' (p134) No auditor's report on the summary is printed; the summary states that 'The consolidated financial statements for the year ended 30 September 2025 have been extracted from the audited financial statements of the Group, but have not been audited. The auditor's report on the audited financial statements does not report on all of the information contained herein.' and that 'BDO Limited has expressed an unmodified audit opinion in the Independent Auditor's Report dated 27 November 2025 on the audited consolidated financial statements. That report also includes the communication of key audit matters and is available on the Company's website: www.tharisa.com.' (p134). Consolidated statement of profit or loss and other comprehensive income (p136), financial position (p137), changes in equity (pp138-141) and cash flows (p142), with selected notes (pp143-165) prepared to 'as a minimum, ... the information required by International Accounting Standards 34 Interim Financial Reporting' (note 2.1, p143). No company (separate) statements and no auditor's report.

    Source: Tharisa plc 2025 integrated annual report — Consolidated financial statements for the year ended 30 September 2025 (dated 2025-11-27)

  • Revenue

    USD 603 million

    602,911 USD thousands · p136

    −16.4% vs 2024

  • Operating profit / (loss)

    USD 126 million

    125,591 USD thousands · p136

    +5.0% vs 2024

  • Profit / (loss) for the year

    USD 80.8 million

    80,849 USD thousands · p136

    −2.2% vs 2024

  • Total assets

    USD 1.24 billion

    1,238,075 USD thousands · p137

    +2.5% vs 2024

  • Total equity

    USD 848 million

    847,842 USD thousands · p137

    +8.8% vs 2024

  • Cash from operations

    USD 94.0 million

    93,960 USD thousands · p142

    −54.1% vs 2024

Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Sep 2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY to 30 Sep 2024 — published summary of audited statements (summary), final status not established; comparative in the FY to 30 Sep 2025 filing · source
    • 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The consolidated financial statements for the year ended 30 September 2025 have been extracted from the audited financial statements of the Group, but have not been audited. The auditor's report on the audited financial statements does not report on all of the information contained herein.' (p134) No auditor's report on the summary is printed; the summary states that 'The consolidated financial statements for the year ended 30 September 2025 have been extracted from the audited financial statements of the Group, but have not been audited. The auditor's report on the audited financial statements does not report on all of the information contained herein.' and that 'BDO Limited has expressed an unmodified audit opinion in the Independent Auditor's Report dated 27 November 2025 on the audited consolidated financial statements. That report also includes the communication of key audit matters and is available on the Company's website: www.tharisa.com.' (p134). Consolidated statement of profit or loss and other comprehensive income (p136), financial position (p137), changes in equity (pp138-141) and cash flows (p142), with selected notes (pp143-165) prepared to 'as a minimum, ... the information required by International Accounting Standards 34 Interim Financial Reporting' (note 2.1, p143). No company (separate) statements and no auditor's report.

Income statement

Income statement, USD thousands. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Revenue 602,911 721,394
Cost of sales (478,907) (536,785)
Mining royalty reversal1 67,310 –2
Gross profit 191,314 184,609
Other income 511 986
Net foreign exchange gain 1,838 533
Other operating expenses (68,072) (66,573)
Results from operating activities 125,591 119,555
Finance income 8,387 8,597
Finance costs (9,926) (11,878)
Income from associate 30 –3
Changes in fair value of financial assets at fair value through profit or loss4 396 848
Changes in fair value of financial liabilities at fair value through profit or loss5 (6,909) 557
Profit before tax 117,569 117,679
Tax (36,720) (35,037)
Profit for the year 80,849 82,642
Foreign currency translation differences for foreign operations6 3,537 32,721
Other comprehensive income, net of tax 3,537 32,721
Total comprehensive income for the year 84,386 115,363
Non-controlling interest7 1,715 (253)
  1. Printed “–”, read as nil: subtotal_arithmetic: is.gross_profit.
  2. Printed “–”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (5)
  1. “Mining royalty reversal” is an issuer-specific line, not mapped to a shared definition: Note 18: reversal of the mining royalty provision, within gross profit; 2024 printed '–'.
  2. “Changes in fair value of financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 24.
  3. “Changes in fair value of financial liabilities at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 24.
  4. “Foreign currency translation differences for foreign operations” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified.
  5. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Printed 'Non-controlling interest' under the profit attribution.

Balance sheet

Balance sheet, USD thousands. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Property, plant and equipment 835,668 784,638
Intangible assets 14,295 7,261
Investment in associate 1,330 –1
Financial assets2 10,314 9,561
Deferred tax assets 2,137 2,369
Total non-current assets 863,744 803,829
Inventories 69,852 82,354
Trade and other receivables 127,949 92,194
Contract assets 1,246 507
Financial assets2 449 4,384
Current taxation 1,789 6,859
Cash and cash equivalents3 173,046 217,675
Total current assets 374,331 403,973
Total assets 1,238,075 1,207,802
Share capital and premium4 349,622 346,314
Treasury shares5 (8,694) (5,004)
Other reserve6 47,245 47,245
Foreign currency translation reserve7 (169,092) (172,629)
Retained earnings 572,639 506,333
Equity attributable to owners of the Company 791,720 722,259
Non-controlling interests 56,122 57,323
Total equity 847,842 779,582
Provisions8 32,767 23,362
Borrowings 31,356 50,366
Other financial liabilities9 2,075 –10
Deferred tax liabilities 139,583 134,692
Total non-current liabilities 205,781 208,420
Provisions –11 56,827
Borrowings 73,990 55,817
Other financial liabilities12 4,326 40
Current taxation 13,110 877
Trade and other payables 91,780 105,732
Contract liabilities13 1,246 507
Total current liabilities 184,452 219,800
Total liabilities 390,233 428,220
Total equity and liabilities 1,238,075 1,207,802
  1. Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  3. Printed “–”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (10)
  1. “Financial assets” is an issuer-specific line, not mapped to a shared definition: Note 13.
  2. “Cash and cash equivalents”: mapping to a shared definition is uncertain. Printed 'Cash and cash equivalents'; equals the cash-flow closing balance (p142).
  3. “Share capital and premium” is an issuer-specific line, not mapped to a shared definition: Note 17: share capital and share premium printed as one line.
  4. “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 17.
  5. “Other reserve” is an issuer-specific line, not mapped to a shared definition: Note 17.
  6. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Note 17.
  7. “Provisions” is an issuer-specific line, not mapped to a shared definition: Note 18.
  8. “Other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 20; 2024 printed '–'.
  9. “Other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 20.
  10. “Contract liabilities” is an issuer-specific line, not mapped to a shared definition: Current liabilities.

Cash flow

Cash flow, USD thousands. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Operating cash flows before changes in working capital1 127,185 182,923
Inventories2 11,363 12,191
Trade and other receivables and contract assets3 (22,374) 18,766
Trade and other payables and contract liabilities4 (11,202) 9,819
Provisions5 3,931 4,456
Cash generated from operations (unlabelled subtotal) 108,903 228,155
Tax paid (15,007) (23,616)
Tax refunds received6 64 10
Net cash flows generated from operating activities 93,960 204,549
Interest received 8,010 8,020
Additions to property, plant and equipment (113,563) (194,996)
Additions to intangible assets (7,198) (5,645)
Proceeds from disposal of property, plant and equipment 250 1,930
Investment in associate7 (1,300) –8
Additions to financial assets9 (285) (194)
Net cash flows used in investing activities (114,086) (190,885)
Bank credit facilities advances10 40,518 53,832
Repayment of bank credit facilities11 (51,224) (33,126)
Advances received from borrowings excluding credit facilities12 88,803 27,355
Repayment of borrowings excluding credit facilities13 (81,692) (81,687)
Principal lease payments (786) (2,126)
Refund of restricted bank deposit14 3,971 7,748
Ordinary shares repurchased15 (3,690) (5,001)
Dividends paid (13,376) (10,480)
Interest paid16 (8,628) (11,771)
Net cash flows used in financing activities (26,104) (55,256)
Net decrease in cash and cash equivalents (46,230) (41,592)
Cash and cash equivalents at the beginning of the year 217,675 255,300
Effect of exchange rate fluctuations on cash held 1,601 3,967
Cash and cash equivalents at the end of the year 173,046 217,675
  1. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (15)
  1. “Operating cash flows before changes in working capital” is an issuer-specific line, not mapped to a shared definition: Note 22.
  2. “Inventories” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
  3. “Trade and other receivables and contract assets” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
  4. “Trade and other payables and contract liabilities” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
  5. “Provisions” is an issuer-specific line, not mapped to a shared definition: Working-capital change.
  6. “Tax refunds received” is an issuer-specific line, not mapped to a shared definition: Note 23; operating.
  7. “Investment in associate” is an issuer-specific line, not mapped to a shared definition: Investing (note 12); 2024 printed '–'.
  8. “Additions to financial assets” is an issuer-specific line, not mapped to a shared definition: Investing (note 13).
  9. “Bank credit facilities advances” is an issuer-specific line, not mapped to a shared definition: Financing (note 19).
  10. “Repayment of bank credit facilities” is an issuer-specific line, not mapped to a shared definition: Financing (note 19).
  11. “Advances received from borrowings excluding credit facilities”: mapping to a shared definition is uncertain. Printed apart from bank credit facility advances (native); this line excludes credit facilities.
  12. “Repayment of borrowings excluding credit facilities”: mapping to a shared definition is uncertain. Printed apart from repayments of bank credit facilities (native); this line excludes credit facilities.
  13. “Refund of restricted bank deposit” is an issuer-specific line, not mapped to a shared definition: Financing (note 13).
  14. “Ordinary shares repurchased” is an issuer-specific line, not mapped to a shared definition: Financing (note 17).
  15. “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' as one financing line; not split between borrowings and leases.

Per share and shares

Per share and shares. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Earnings / (loss) per share (per share)41 0.2672 0.2773
Profit / (loss) attributable to shareholders (USD thousands)5 79,134 82,895
  1. Printed as 26.7 US cents; value converted to USD at 100 US cents = 1 USD.
  2. Printed as 27.7 US cents; value converted to USD at 100 US cents = 1 USD.
Notes and alternative reported figures (3)
  1. “Basic earnings per share (US cents)”: mapping to a shared definition is uncertain. Basic earnings per share (US cents); diluted is printed separately and differs (native eps_diluted).
  2. Earnings / (loss) per share: printed as “Basic earnings per share (US cents)”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the Company”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Sep 2025 Dividends paid (cash flow statement) Dividends paid (13,376) USD thousands Summary statements, p142
30 Sep 2024 Dividends paid (cash flow statement) Dividends paid (10,480) USD thousands Summary statements, p142

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Tharisa plc 2025 integrated annual report — Consolidated financial statements for the year ended 30 September 2025

    Year ended 30 September 2025 · Published summary of audited statements (summary) · final status not established

    Audit: BDO Limited (named); no auditor's opinion on the full statements in this document

    Final status: Published by the issuer in its 2025 integrated annual report. The consolidated statements are stated to be extracted from the audited financial statements and not audited (PDF p134). No auditor's report on these statements (or on the full statements) is printed: the directors' statement says BDO Limited expressed an unmodified opinion dated 27 November 2025 on the audited consolidated financial statements, available on the company's website (p134). Board authorisation for issue on 27 November 2025 is printed (p136, p137); the directors' names Phoevos Pouroulis and Michael Jones are typeset with no visible signatures on p134 and p137 (name_printed_unsigned, page images).

    Document date
    27 Nov 2025
    Auditor's report
    date not recorded
    Board approval
    27 Nov 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Sep 2025, FY to 30 Sep 2024
    Basis
    consolidated statements · USD thousands (printed “US$’000”)
    • Mining royalty reversal (67 310; 2024: –, note 18) is printed within gross profit; the operating subtotal is printed 'Results from operating activities'. The cash flow statement's cash generated from operations (108 903; 2024: 228 155) is printed unlabelled after the working-capital changes; interest received is investing and interest paid and dividends paid are financing; the exchange-rate effect is printed after the opening balance, outside the net decrease (p142).
    • Text layer: the 2025 and 2024 changes-in-equity texts are each carried twice (p138/p139, p140/p141, single halves of two-page spreads), and statement pages carry both folios of the spread; no hidden figure differs from the printed statements transcribed.
    • Earnings per share is printed in US cents (basic 26.7; 2024: 27.7; diluted 26.0; 2024: 27.0; p136); stored in US dollars with the printed figure and unit kept. Reporting currency US$ (functional and presentation currency, note 2.1, p143); the A2X listing trades in rand.
    • No auditor's report on the summary is printed; the summary states that 'The consolidated financial statements for the year ended 30 September 2025 have been extracted from the audited financial statements of the Group, but have not been audited. The auditor's report on the audited financial statements does not report on all of the information contained herein.' and that 'BDO Limited has expressed an unmodified audit opinion in the Independent Auditor's Report dated 27 November 2025 on the audited consolidated financial statements. That report also includes the communication of key audit matters and is available on the Company's website: www.tharisa.com.' (p134).
    • Consolidated statement of profit or loss and other comprehensive income (p136), financial position (p137), changes in equity (pp138-141) and cash flows (p142), with selected notes (pp143-165) prepared to 'as a minimum, ... the information required by International Accounting Standards 34 Interim Financial Reporting' (note 2.1, p143). No company (separate) statements and no auditor's report.
    Technical details
    File
    194 pages, with a text layer
    SHA-256
    7f4d39ba2f4f09aaf4d3887602798bcd53f0ab9f781d18058a1a48b9ff19e7f5
    Entity as printed
    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 (PDF p192)
    Issuer copy
    retrieved 2026-10-08T18:51:43Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

· Company methodology and coverage