African Rainbow Minerals Limited (AFBOF) Q2 2026 Earnings Call Transcript

SA Transcripts158.85K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call African Rainbow Minerals Limited (AFBOF) Q2 2026 Earnings Call March 6, 2026 7:00 AM EST Company Participants Thabang Thlaku - Executive of Investor Relations & New Business DevelopmentThando Mkatshana - Chief Executive of ARM Technical ServicesTsundzukani T. Mhlanga - Finance Director & Executive DirectorJohan Jansen - Acting Chief Executive of ARM PlatinumJacques van der Bijl Conference Call Participants Ntebogang Segone - Investec Bank Limited (SA), Research DivisionJ. Clark - SBG Securities (Proprietary) Limited, Research DivisionThobela Bixa - Nedbank Corporate and Investment Bank, Research DivisionAndrew Snowdowne Presentation Operator Good afternoon, ladies and gentlemen, and welcome to the African Rainbow Minerals Interim Results for the 6 months ended 31 December 2025. [Operator Instructions] Please note that this event is being recorded. I will now hand the conference over to Thabang Thlaku. Please go ahead. Thabang ThlakuExecutive of Investor Relations & New Business Development Thank you very much. Good afternoon, everyone. So we're all together in the room here. We've got the entire management team. We've got Phillip Tobias, Tsung Shang, Mike Schmidt, Jacques van der Bijl, Thando Mkatshana, La Berger and Johan Jansen. So the entire management team is here to answer all your calls. We're not going to do an introduction. We're going to go straight into Q&A. So we'll just give them some time to take Q&A. Question-and-Answer Session Operator [Operator Instructions] Our first question comes from Ntebogang Segone of Investec. Ntebogang SegoneInvestec Bank Limited (SA), Research Division Perfect. I think my question is quickly on Thando or to Thando in relation to the ARM Coal. I mean I see domestic sales were down 15% year-on-year at GGV and then PCB also was down 3%. And then I also see also on the revised guidance, particularly around those local sales volumes going forward, they've been revised downwards. Could you please just provide some