In This Article:
South32 (ASX:S32) Full Year 2024 Results
Key Financial Results
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Revenue: US$5.59b (down 2.9% from FY 2023).
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Net loss: US$638.0m (loss widened by 3.2% from FY 2023).
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US$0.14 loss per share (further deteriorated from US$0.14 loss in FY 2023).
S32 Production and Reserves
Coal
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Production: 4.938 Mt (6.52 Mt in FY 2023)
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Number of mines: 2 (2 in FY 2023)
Nickel
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Production: 40,600 t (40,800 t in FY 2023)
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Proved and probable reserves (ore): 29 Mt (33 Mt in FY 2023)
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Number of mines: 1 (1 in FY 2023)
Copper
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Production: 60,800 t (70,700 t in FY 2023)
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Proved and probable reserves (ore): 782 Mt
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Number of mines: 1 (1 in FY 2023)
All figures shown in the chart above are for the trailing 12 month (TTM) period
South32 Earnings Insights
The primary driver behind last 12 months revenue was the Hillside Aluminium segment contributing a total revenue of US$1.72b (31% of total revenue). Notably, cost of sales worth US$3.05b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.61b (51% of total expenses). Explore how S32's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Australia.
Performance of the Australian Metals and Mining industry.
The company's shares are up 2.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on South32's balance sheet health.
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