Valterra Platinum shares jumped 6.6% after the company declared a significantly higher full-year dividend and reported strong cost savings that beat analyst expectations. The producer announced a total dividend of R45.00 per share, a 91% increase over the analyst consensus of R23.62, representing a 71% payout ratio.

This included a R20.00 special dividend, following a successful demerger from Anglo American plc and a secondary listing on the London Stock Exchange. The company also delivered adjusted EBITDA of R33.4 billion for 2025, an 8% beat on analyst forecasts, driven by a 22% increase in the rand basket price and R5 billion in cost reductions.