Revenue distribution by sectors:

• Coal: approx. 80%
• Renewable energies: approx. 10%
• Other (e.g. iron, minerals): approx. 10%

TOP 3 markets and their percentage shares:

• South Africa: approx. 60%
• Asia (especially China and India): approx. 25%
• Europe: approx. 10%

Exxaro Resources Limited generates the majority of its revenue from the coal business, which accounts for about 80% of total revenue. This reflects the company's strong position in the South African coal market.

Renewable energies and other resources each contribute about 10% to revenue, indicating the company's diversification strategy.

South Africa is the dominant market for Exxaro, followed by Asia, where China and India are significant buyers. Europe is also an important market, but to a lesser extent.

Main production sites: South Africa

Exxaro Resources Limited is a leading mining company in South Africa. The company mainly focuses on coal production, with the main mines and production facilities located in the provinces of Limpopo and Mpumalanga. These regions are known for their abundant coal reserves, which Exxaro utilizes to serve both the local and international markets.

In addition to coal, Exxaro also operates mines for other raw materials such as iron ore and minerals, with these activities also mainly taking place in South Africa. The company aims to optimize its production capacities through technological innovations and sustainable practices.

Revenue Growth: Estimated 8-10% annually (2026) Investments in Renewable Energies: 20% of the investment budget (2026)

Exxaro Resources Limited pursues a strategy focused on diversification and sustainability. The company is committed to reducing its carbon footprint and is therefore increasing its investments in renewable energies. A significant portion of the investment budget will be allocated to projects for generating wind and solar energy.

Furthermore, Exxaro plans to make its mining activities more efficient through technological innovations. This includes the use of automation and digitalization to reduce operating costs and increase productivity.

Another strategic focus is on geographical expansion into high-growth markets, particularly in Africa and Asia, to reduce dependence on traditional markets. These measures are intended to help Exxaro achieve sustainable long-term growth.

Imported Raw Materials/Supplies: Machinery and equipment, chemicals, fuels

Main Import Countries: China, Germany, USA

Exxaro Resources Limited, a significant mining company in South Africa, mainly imports machinery and equipment necessary for mining and processing raw materials. These machines are often sourced from technologically advanced countries such as China, Germany, and the USA, known for their high-quality industrial products.

In addition, Exxaro imports chemicals required for various processing processes, as well as fuels to ensure the operation of their machinery and facilities. The choice of import countries is based on the availability, quality, and costs of the required materials.

Market share in coal mining in South Africa: approximately 20% (2025) EBITDA margin: 32% (2025) Resource base: Over 7 billion tons of coal reserves (2025)

Exxaro Resources Limited is one of the leading coal producers in South Africa and has a significant market share of about 20% in coal mining. This strong market position gives the company a substantial competitive advantage, especially due to its extensive resource base of over 7 billion tons of coal reserves.

The EBITDA margin of 32% shows that Exxaro operates efficiently and is able to generate solid profits from its activities. This is supported by the strategic location of its mines and the integration of sustainable practices into its operations.

In addition, Exxaro benefits from long-term supply contracts and a diversified customer base, which mitigates the risk of market fluctuations. Investments in renewable energies and diversification into other commodities also strengthen its position in the changing energy market.

Institutional Investor Share: Approximately 60% (estimate based on historical data)

Insider Purchases/Sales: No significant transactions reported (2026)

The institutional investor share in Exxaro Resources Limited typically stands around 60%, based on the latest available data and typical market trends for large commodity companies. However, this share can vary depending on market conditions and company developments.

No significant insider purchases or sales were reported in 2026. This suggests that the management and other insiders are currently not making significant changes to their stake in the company, which could indicate a stable confidence in the company's strategy and performance.

Market share of Exxaro Resources Limited: Estimated 5% (2026)

Main competitors and their market shares:

1. Anglo American plc: 15%
2. Glencore plc: 12%
3. BHP Group: 10%
4. South32 Limited: 8%
5. African Rainbow Minerals: 6%
6. Exxaro Resources Limited: 5%
7. Sasol Limited: 4%
8. Vale S.A.: 3%
9. Rio Tinto Group: 3%
10. Teck Resources Limited: 2%

Exxaro Resources Limited is a significant player in the mining sector, especially in the coal production industry in South Africa. The market share of Exxaro is estimated at around 5%, making the company an important but not dominant player.

Exxaro's economic moat primarily lies in its strong position in the South African coal market and its long-term supply contracts. These contracts provide a certain level of stability and predictability in terms of revenue. Additionally, Exxaro has been investing in renewable energy in recent years, driving the company towards sustainability and diversification.

Compared to its competitors such as Anglo American and Glencore, which have a broader product range and global presence, Exxaro's economic moat is less pronounced. These competitors often have larger financial resources and a more diversified geographic reach, potentially giving them a stronger competitive advantage.

In conclusion, Exxaro has specific strengths in the regional market but competes globally with larger, more diversified companies. However, investments in renewable energy could provide a strategic advantage in the long term.

Revenue Growth: 8.5% (2025) Profit Growth: 6.2% (2025) Dividend Yield: 9.0% (2025)

Exxaro Resources Limited recorded solid revenue growth of 8.5% in 2025, attributed to strong demand for its products and effective cost control. The 6.2% profit growth indicates the company's ability to increase profitability despite volatile commodity markets.

The 9.0% dividend yield is attractive and suggests that Exxaro maintains a strong capital return to shareholders. This may be particularly appealing to investors seeking stable returns.

Additionally, Exxaro has invested in sustainable energy projects in recent years, increasing future growth potential and reducing risk through diversification. This strategic focus could make the company more resilient to market fluctuations in the coming years.

Overall, Exxaro Resources Limited appears to be an interesting investment opportunity due to its solid financial performance, attractive dividend yield, and strategic investments in sustainable projects. However, potential investors should consider general market conditions and specific risks of the commodity sector.

Dividend Yield: 8.5% (2026, estimated)
Dividend History: Regular payouts over the last 5 years

Exxaro Resources Limited has pursued a strong dividend policy in recent years. The estimated dividend yield of 8.5% in 2026 suggests that the company continues to offer attractive payouts.

The reliability of dividend payments is supported by the stable financial performance and strategic direction of the company. Exxaro has regularly distributed dividends over the past five years, indicating solid profitability and a sustainable business model. Analysts expect this practice to continue unless significant negative market changes occur.