Merafe Resources Limited (JSE:MRF)

Merafe Resources Income Statement

Financials in millions ZAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,219	8,443	9,244	7,939	8,063	4,780
Revenue Growth (YoY)	-32.58%	-8.66%	16.44%	-1.53%	68.66%	-11.13%
Gross Profit	6,219	8,443	9,244	7,939	8,063	4,780
Other Operating Expenses	5,066	6,727	7,037	5,854	5,726	4,553
Operating Expenses	5,372	7,096	7,297	6,086	5,846	5,027
Operating Income	846.79	1,348	1,947	1,853	2,217	-246.5
Interest Expense	-7.4	-0.16	-1.52	-0.21	-0.09	-1.71
Interest & Investment Income	-	2.76	0.21	0.46	13.57	6.52
Earnings From Equity Investments	14.32	20.12	19.08	3.94	0.61	0.86
Currency Exchange Gain (Loss)	-38.47	29.32	99.38	68.31	104.31	-59.71
Other Non Operating Income (Expenses)	62.05	62.05	39.59	24.34	-2.41	-
EBT Excluding Unusual Items	877.29	1,462	2,103	1,950	2,333	-300.55
Asset Writedown	-688.23	-575.43	-	-0.24	-5.82	-1,045
Other Unusual Items	-	-	249.91	-	-	-
Pretax Income	189.06	886.35	2,353	1,949	2,327	-1,346
Income Tax Expense	8.45	219.15	600.29	539.47	653.07	-342.73
Net Income	180.62	667.21	1,753	1,410	1,674	-1,003
Net Income to Common	180.62	667.21	1,753	1,410	1,674	-1,003
Net Income Growth	-87.31%	-61.94%	24.32%	-15.75%	-	-
Shares Outstanding (Basic)	2,503	2,499	2,499	2,499	2,506	2,511
Shares Outstanding (Diluted)	2,503	2,499	2,499	2,499	2,506	2,511
Shares Change (YoY)	0.15%	-	-	-0.28%	-0.18%	-
EPS (Basic)	0.07	0.27	0.70	0.56	0.67	-0.40
EPS (Diluted)	0.07	0.27	0.70	0.56	0.67	-0.40
EPS Growth	-87.32%	-61.91%	24.29%	-15.54%	-	-
Free Cash Flow	152.96	1,115	1,208	1,213	665.69	152.32
Free Cash Flow Per Share	0.06	0.45	0.48	0.49	0.27	0.06
Dividend Per Share	0.080	0.280	0.420	0.250	0.290	-
Dividend Growth	-80.95%	-33.33%	68.00%	-13.79%	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	13.62%	15.96%	21.06%	23.34%	27.49%	-5.16%
Profit Margin	2.90%	7.90%	18.96%	17.76%	20.76%	-20.98%
Free Cash Flow Margin	2.46%	13.21%	13.07%	15.29%	8.26%	3.19%
EBITDA	1,137	1,701	2,195	2,064	2,323	193.46
EBITDA Margin	18.29%	20.15%	23.75%	25.99%	28.81%	4.05%
D&A For EBITDA	290.71	353.45	248.35	210.84	106.37	439.96
EBIT	846.79	1,348	1,947	1,853	2,217	-246.5
EBIT Margin	13.62%	15.96%	21.06%	23.34%	27.49%	-5.16%
Effective Tax Rate	4.47%	24.72%	25.51%	27.67%	28.07%	-

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.