Kumba Iron Ore Ltd (KIOJ.J): 1H26 HEPS in line while dividend weaker vs CitiE/consensus; Guidance maintained

研报英文原文证据摘录

Kumba Iron Ore Ltd (KIOJ.J): 1H26 HEPS in line while dividend weaker vs CitiE/consensus; Guidance maintained

Kumba Iron Ore Ltd (KIOJ.J)

28 July 2026 Citi Research

expected total returns may fall outside of these ranges because of market price movements and/or other short-term volatility

or trading patterns. Such interim deviations will be permitted but will become subject to review by Research Management.

Your decision to buy or sell a security should be based upon your personal investment objectives and should be made only

after evaluating the stock's expected performance and risk.

Catalyst Watch/Short Term Views (“STV”) Ratings Disclosure:

Catalyst Watch and STV Upside/Downside calls: Citi Research may also include a Catalyst Watch or STV Upside or Downside

call to indicate the analyst expects the share price to rise (fall) in absolute terms over a specified period of 30 or 90 days in

reaction to one or more specific near-term catalysts or events impacting the company or the market. A Catalyst Watch will be

published when Analyst confidence is high that an impact to share price will occur; it will be a STV when confidence level is

moderate. A Catalyst Watch or STV Upside/Downside call will automatically expire at the end of the specified 30/90 day

period. The Catalyst Watch will also be automatically removed if share price performance (calculated at market close) exceeds

15% against the direction of the call (unless over-ridden by the analyst). The analyst may also remove a Catalyst Watch or STV

call prior to the end of the specified period in a published research note. A Catalyst Watch/STV Upside or Downside call may be

different from and does not affect a stock’s fundamental equity rating, which reflects a longer-term total absolute return

expectation.