Media releases

DRDGOLD LIMITED - Trading statement and trading update for the year ended 30 June 2021

18 August 2021

Johannesburg, South Africa. 18 August 2021 DRDGOLD Limited (DRDGOLD, JSE, NYSE: DRD) in a trading update released today, said it expects to announce an exceptional year-on-year increase of between 94% and 114% in earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 30 June 2021 (FY2021).

The company’s full operating and financial results for the year ended 30 June 2021 will be released at or around 08:00 SA time on Wednesday, 25 August 2021.

EPS and HEPS are expected to be between 160.1 cents and 176.5 cents, compared to 82.5 cents and 82.4 cents, respectively, for the year ended 30 June 2020 (FY2020).

The expected increases are notwithstanding the full-year impact of the issuance of 168,158,944 shares to Sibanye-Stillwater Limited at an aggregate subscription price of R1 085 590 116 on 22 January 2020. The weighted average number of ordinary shares for FY2021 increased by 11% to 855,113,791 from 769,941,874 in FY2020.

FY2021 revenue increased by R1 084.0 million, or 26%, to R5 269.0 million (FY2020: R4 185.0 million). Cash operating costs rose by 17% to R3 072.7 million (FY2020: R2 626.0 million).

DRDGOLD’s cash and cash equivalents was R2 180.0 million at the end of FY2021 compared with R1 715.1 million at the end of FY2020. During FY2021, DRDGOLD generated free cash flow (cash inflow from operating activities less cash inflow from investing activities) of R1.1 billion and paid cash dividends of R640.9 million.

The Group remains free of any bank debt as at 30 June 2021 (30 June 2020: Rnil).

The financial information contained in this announcement is the responsibility of the directors of DRDGOLD, and such information has not been reviewed or reported on by the Company’s auditors.

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