DRDGOLD Doubles Earnings and Lifts Dividend on Strong Gold Price and Operational Resilience
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Drdgold ( (DRD) ) has provided an announcement.
DRDGOLD reported significantly stronger unaudited interim results for the six months to 31 December 2025, driven largely by a sharply higher rand gold price, even as gold production fell 9% to 2,337kg. Revenue rose 33% year-on-year to R5.1 billion, operating profit jumped 72% to R2.7 billion, and headline earnings per share nearly doubled to 223.2c, while the all-in sustaining cost margin expanded to 48.3% despite higher unit costs.
The board declared an interim dividend of 50c per share for the period, up from 30c a year earlier and marking the 19th consecutive year of payouts, after funding R1.65 billion of capital expenditure entirely from operating cash flows and increasing cash balances to R1.7 billion. Operationally, DRDGOLD navigated South Africa’s industry-wide sodium cyanide shortage without production disruption, recorded a 23% reduction in electricity costs at Ergo thanks to its solar and battery storage plant, secured an additional 67 million tonnes of mineral resources via the transfer of the Kloof 2 dump, and concluded a five-year wage agreement at Ergo, underscoring both its operational resilience and longer-term growth and sustainability plans.
The most recent analyst rating on (DRD) stock is a Buy with a $41.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
Spark’s Take on DRD Stock
According to Spark, TipRanks’ AI Analyst, DRD is a Outperform.
The score is driven primarily by strong financial performance (profitability, growth, and very low leverage), supported by a clear bullish price trend. Offsetting factors are stretched technical momentum (RSI/Stochastics) and a relatively high P/E with a modest dividend yield.
To see Spark’s full report on DRD stock, click here.
More about Drdgold
DRDGOLD Limited is a South African gold producer focused on the retreatment of surface tailings, primarily through its Ergo Mining and Far West Gold Recoveries operations near Johannesburg. The company is an unhedged producer listed on the JSE, A2X and NYSE, and positions itself as a cash-generative, dividend-paying play on the gold price, with an increasing emphasis on energy efficiency and renewable power to support long-term, low-cost production.
Average Trading Volume: 413,519
Technical Sentiment Signal: Buy
Current Market Cap: $3.02B
For a thorough assessment of DRD stock, go to TipRanks’ Stock Analysis page.
