South32 Ltd

S32: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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South32 Earnings: Higher Silver and Copper Prices Drive a Strong Result

Jon Mills

Aug 28, 2026

Strong silver and copper prices drove the 55% increase in South32's fiscal 2026 adjusted net profit after tax on a year ago to USD 1 billion or USD 23 cps. It declared a USD 5.4 cps fully franked final dividend for a 41% payout ratio in line with its minimum 40% target, more than double a year ago.

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South32 Ltd

South32 Earnings: Higher Silver and Copper Prices Drive a Strong Result

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