Impala Platinum expects five-fold profit surge on higher metal prices

Feb 3 (Reuters) - South Africa's Impala Platinum IMPJ.J on Tuesday said it expects its half-year profit to increase by as much as 392%, mainly driven by higher metal prices.

The Johannesburg-based miner said in a trading update it expects headline earnings of 9.1 billion rand ($571.19 million) for the six months to December 2025, up from 1.85 billion rand previously.

Prices of major PGMs, platinum and palladium, have rebounded since the second half of 2025 on the back of a supply deficit and rising demand, mainly from the automotive sector which uses the metals to make catalysts to curb emissions.

Impala's refined PGM output was stable at 1.78 million ounces during the first half of its financial year, but revenue rose 40%, helped by firmer metals prices.

The company will publish its half-year financial results on March 5.

($1 = 15.9317 rand)