Dividend Payout Highlights Tshipi’s Cash Flow Strength Amid Market Cycles

• Tshipi declares ZAR300 million final dividend for FY2025 H2
• Jupiter Mines’ share amounts to ZAR142.2 million (~A$12.3 million net)
• Additional marketing profits of ZAR26.3 million (~A$2.3 million) to Jupiter
• Dividend reflects strong, consistent cash flows from manganese operations
• Jupiter to announce its own FY2025 final dividend with results on 29 August

Dividend Declaration Highlights Operational Strength

Jupiter Mines Limited has received confirmation that Tshipi é Ntle Manganese Mining Pty Limited, its key manganese asset, declared a final dividend of ZAR300 million for the second half of the 2025 financial year. Jupiter’s share of this dividend is ZAR142.2 million, which translates to approximately A$12.3 million after withholding tax. This payout is complemented by additional marketing profits of ZAR26.3 million (around A$2.3 million), further bolstering Jupiter’s cash inflows from its manganese operations.

Sustained Cash Flow Amid Market Cycles

Managing Director Brad Rogers highlighted the dividend as a testament to Tshipi’s ability to generate strong and consistent cash flows despite the cyclical nature of manganese prices. The mine’s high-quality, long-life resource base combined with an experienced management team underpins this financial resilience. For investors, this signals a stable income stream from one of Jupiter’s core assets, reinforcing confidence in the company’s operational and financial strategy.

Looking Ahead to Jupiter’s FY2025 Results

While the dividend from Tshipi is a positive development, Jupiter Mines has yet to announce its own final dividend for FY2025. This announcement is expected alongside the company’s preliminary full-year results scheduled for release on 29 August 2025. Market participants will be keen to see how Jupiter consolidates these earnings and what guidance it provides on future dividend policy and manganese market outlook.

Overall, the dividend declaration from Tshipi reinforces the strategic value of Jupiter’s investment in manganese mining and sets a positive tone ahead of the company’s full-year financial disclosures.

Bottom Line?

Tshipi’s dividend signals steady cash flow, but Jupiter’s full FY2025 dividend details remain the next key milestone.

Questions in the middle?

• What final dividend will Jupiter declare to its shareholders alongside FY2025 results?
• How will manganese market conditions influence future dividend payouts?
• What impact will currency fluctuations and withholding tax have on net returns?