Kumba Iron Ore Limited, a subsidiary of Anglo American plc, has released its year-end results for 2023. The company reported an adjusted EBITDA of R45.7 billion, approximately $2.5 billion. This figure reflects the operating profit before deducting depreciation, amortization, and impairment charges, and before adding impairment reversals. Kumba Iron Ore Limited's contribution to Anglo American's underlying EBITDA for 2023 is approximately $2.4 billion after adjustments for corporate cost allocation and other items.
Anglo American plc has taken note of Kumba Iron Ore Limited's financial performance and will be reporting its own results for the year ended 31 December 2023 on 22 February 2024. The full details of Kumba Iron Ore Limited's year-end results are available on the Johannesburg Stock Exchange's website and can be accessed via the following link: www.angloamericankumba.com/financial-results.