Wesizwe reports substantial financial deterioration, higher losses for 2024

Wesizwe Platinum Limited reported a headline loss and loss per share of 12.86 cents for the year ended December 31, 2024, an increase of 11.31 cents from the previous year's loss of 1.55 cents per share. This deterioration was largely driven by a R70.2 million increase in administration expenditure, reaching R98.0 million in 2024, up from R27.8 million in 2023. Additionally, the company recognized a R207.0 million provision for legal claims during the year.

The board of directors has decided not to declare a dividend for the 2024 financial year. Shareholders are advised that the full annual financial statements, which include a disclaimer of audit opinion from SizweNtsalubaGobodo Grant Thornton Inc., are available on the company's website.

The company's integrated annual report, including summarised consolidated financial statements and the notice of the annual general meeting, will be distributed to shareholders on October 2, 2025. Investors are encouraged to review the full annual financial statements before making any investment decisions.