0020 GMT - South32's FY 2025 underlying profit is 5% below consensus and its FY 2026 cost forecasts are higher than envisaged, a modest negative, says Citi analyst Paul McTaggart. "Unit cost guidance for FY26 shows modest cost inflation," he says. Underlying Ebitda and net cash are in line with expectations, McTaggart adds. Citi has a neutral rating and A$3.20 target on South32. The stock is down 2.1% at A$2.85. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
August 27, 2025 20:20 ET (00:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.