Mining firm Afrimat shares surge after substantial earnings growth forecast

AFRIMAT, the mid-tier mining and materials powerhouse, saw its share price climb by 2.87% on Tuesday morning, buoyed by an impressive forecast for its headline earnings per share (HEPS) for the six months ending August 31.

- EDWARD WEST

AN AFRIMAT stone quarry. The aggregate components of Afrimat's construction materials segment had a slow start to the first quarter, but saw “a marked improvement” in sales volumes through the second quarter to end August 31, 2025.

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The company revealed it expects HEPS to soar by between 90% and 95% compared to the same period last year, a promising sign for investors despite the stock's recent struggles.

Trading at R40.53, Afrimat's shares have experienced a decline of roughly 40% since reaching R67.60 last year. However, the anticipated HEPS figures, projected to range between 100.7 cents and 103.4 cents-up from 53 cents in the previous year-may have sparked renewed investor interest.

The positive outlook extends to earnings per share (EPS), which is expected to increase by 74% to 79%, projected between 101.4 cents and 104.3 cents for the interim period. This growth is attributed to significant operational enhancements across several segments of the company's diverse portfolio.