Mount Gibson Iron Full Year 2024 Earnings: EPS: AU$0.005 (vs AU$0.004 in FY 2023)

editorial-team@simplywallst.com (Simply Wall St)

Fri, Aug 23, 2024, 2:37 PM 1 min read

Mount Gibson Iron (ASX:MGX) Full Year 2024 Results

Key Financial Results

Revenue: AU$667.7m (up 48% from FY 2023).
Net income: AU$6.43m (up 24% from FY 2023).
Profit margin: 1.0% (in line with FY 2023).
EPS: AU$0.005 (up from AU$0.004 in FY 2023).

MGX Production and Reserves

Iron

Production: 3.747 Mt (3.996 Mt in FY 2023)
Number of mines: 1 (1 in FY 2023)

revenue-and-expenses-breakdown — ASX:MGX Revenue and Expenses Breakdown August 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mount Gibson Iron Earnings Insights

In the last 12 months, the only revenue segment was Koolan Island contributing AU$667.7m. Notably, cost of sales worth AU$491.4m amounted to 74% of total revenue thereby underscoring the impact on earnings.Explore how MGX's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 27% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 1.7%.

Performance of the Australian Metals and Mining industry.

The company's shares are down 6.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Mount Gibson Iron's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.