South32 Past Earnings Performance
Past criteria checks 1/6
South32's earnings have been declining at an average annual rate of -24.6%, while the Metals and Mining industry saw earnings growing at 19.2% annually. Revenues have been declining at an average rate of 0.06% per year. South32's return on equity is 3.6%, and it has net margins of 5.3%.
Key information
-24.65%
Earnings growth rate
-24.47%
EPS growth rate
| Metals and Mining Industry Growth | 22.33% |
| Revenue growth rate | -0.062% |
| Return on equity | 3.56% |
| Net Margin | 5.32% |
| Next Earnings Update | 21 Oct 2025 |
Recent past performance updates
Recent updates
Statutory Profit Doesn't Reflect How Good South32's (ASX:S32) Earnings Are
Sep 04
Worsley Approvals And GEMCO Restart Will Strengthen Mining Operations
The Worsley Mine Project and GEMCO restart promise future revenue growth and improved operating margins, backed by recent approvals and phased mining activities.South32 Limited's (ASX:S32) 25% Dip In Price Shows Sentiment Is Matching Revenues
Apr 17Is South32 (ASX:S32) A Risky Investment?
Mar 29South32 Limited's (ASX:S32) Shares Lagging The Industry But So Is The Business
Mar 03South32 Limited's (ASX:S32) Intrinsic Value Is Potentially 99% Above Its Share Price
Jan 31Does South32 (ASX:S32) Have A Healthy Balance Sheet?
Dec 09Little Excitement Around South32 Limited's (ASX:S32) Revenues
Nov 13Shareholders Will Probably Not Have Any Issues With South32 Limited's (ASX:S32) CEO Compensation
Oct 17Revenue & Expenses Breakdown
How South32 makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 25 | 5,982 | 318 | 1,648 | 0 |
| 31 Mar 25 | 5,813 | 136 | 1,552 | 0 |
| 31 Dec 24 | 6,211 | -238 | 1,611 | 0 |
| 30 Sep 24 | 5,899 | -438 | 1,611 | 0 |
| 30 Jun 24 | 5,020 | -446 | 1,455 | 0 |
| 31 Dec 23 | 4,564 | -1,329 | 1,553 | 0 |
| 30 Sep 23 | 5,158 | -973 | 1,554 | 0 |
| 30 Jun 23 | 5,752 | -618 | 1,554 | 0 |
| 31 Mar 23 | 8,310 | 1,075 | 2,003 | 0 |
| 31 Dec 22 | 9,082 | 2,322 | 1,945 | 0 |
| 30 Sep 22 | 9,229 | 2,496 | 1,945 | 0 |
| 30 Jun 22 | 9,375 | 2,669 | 1,945 | 0 |
| 31 Mar 22 | 8,228 | 1,842 | 1,824 | 0 |
| 31 Dec 21 | 7,081 | 1,014 | 1,702 | 0 |
| 30 Sep 21 | 6,330 | 578 | 1,708 | 0 |
| 30 Jun 21 | 5,578 | 142 | 1,713 | 0 |
| 31 Dec 20 | 4,326 | 219 | 1,597 | 0 |
| 30 Sep 20 | 4,730 | 189 | 1,601 | 0 |
| 30 Jun 20 | 5,133 | 158 | 1,605 | 0 |
| 31 Mar 20 | 6,587 | -106 | 2,281 | 0 |
| 31 Dec 19 | 6,928 | -147 | 2,399 | 0 |
| 30 Sep 19 | 7,224 | 121 | 2,399 | 0 |
| 30 Jun 19 | 7,519 | 389 | 2,398 | 0 |
| 31 Mar 19 | 7,788 | 907 | 2,319 | 0 |
| 31 Dec 18 | 8,057 | 1,424 | 2,239 | 0 |
| 30 Sep 18 | 7,901 | 1,378 | 2,242 | 0 |
| 30 Jun 18 | 7,744 | 1,332 | 2,244 | 0 |
| 31 Mar 18 | 7,600 | 1,243 | 2,120 | 0 |
| 31 Dec 17 | 7,456 | 1,154 | 1,995 | 0 |
| 30 Sep 17 | 7,326 | 1,193 | 1,985 | 0 |
| 30 Jun 17 | 7,195 | 1,231 | 1,975 | 0 |
| 31 Mar 17 | 6,765 | 993 | 1,975 | 0 |
| 31 Dec 16 | 6,334 | 754 | 1,975 | 0 |
| 30 Sep 16 | 6,227 | -430 | 1,975 | 0 |
| 30 Jun 16 | 6,119 | -1,615 | 1,974 | 0 |
| 31 Mar 16 | 6,288 | -2,100 | 1,603 | 0 |
| 31 Dec 15 | 6,457 | -2,585 | 1,232 | 0 |
| 30 Sep 15 | 5,265 | -1,755 | 1,230 | 0 |
| 30 Jun 15 | 4,072 | -926 | 1,228 | 0 |
| 31 Dec 14 | -3,825 | -407 | -1,381 | 16 |
| 30 Sep 14 | -1,486 | -203 | -477 | 16 |
Quality Earnings: S32 has a large one-off loss of $373.0M impacting its last 12 months of financial results to 30th June, 2025.
Growing Profit Margin: S32 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: S32's earnings have declined by 24.6% per year over the past 5 years.
Accelerating Growth: S32 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: S32 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (15.6%).
Return on Equity
High ROE: S32's Return on Equity (3.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/10 04:08 |
| End of Day Share Price | 2025/09/10 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
South32 Limited is covered by 42 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ayan Ghosh | Avior Capital Markets |
| Izak Rossouw | Barclays |
| Amos Fletcher | Barclays |