DRDGOLD Sees Strong Financials with 42% Revenue Growth
DRDGOLD reported strong financial results for the second half of 2026, driven by a 40% increase in the gold price and improved production. Group revenue rose 42% to ZAR11.2 billion, while operating profit increased 83% to ZAR6.4 billion. The company also declared a final cash dividend of ZAR1.20 per share, its 19th consecutive year of dividend payments.
The gold producer benefited from remaining unhedged during the period of sharply higher gold prices, allowing it to receive the full benefit of the increase. DRDGOLD's operations were supported by a strong balance sheet, with cash and cash equivalents of just under ZAR2.8 billion at the end of the year.
Cash operating costs per tonne increased 10% to ZAR188, reflecting a larger trucking component for higher-grade cleanup and remnant material. However, DRDGOLD's average yield increased 2% to just under 0.2 grams per tonne, while gold production came in just under 5 tonnes for the year.