Reported Earnings • Aug 31
First half 2025 earnings released: EPS: AU$0.022 (vs AU$0.006 loss in 1H 2024) First half 2025 results: EPS: AU$0.022 (up from AU$0.006 loss in 1H 2024). Revenue: AU$145.0m (up 78% from 1H 2024). Net income: AU$119.8m (up AU$156.8m from 1H 2024). Profit margin: 83% (up from net loss in 1H 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (AU$393k sold). Breakeven Date Change • Aug 30 The 2 analysts covering Metro Mining previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$172.1m in 2026.
Annuncio • Apr 08
Metro Mining Limited, Annual General Meeting, May 23, 2025 Metro Mining Limited, Annual General Meeting, May 23, 2025. Location: at amora hotel, 200 creek street, brisbane city, queensland 4000 Australia Annuncio • Apr 07
Metro Mining Limited to Report First Half, 2025 Results on Aug 31, 2025 Metro Mining Limited announced that they will report first half, 2025 results on Aug 31, 2025 Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Andy Lloyd was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2025 The 2 analysts covering Metro Mining previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$124.2m in 2025. Average annual earnings growth of 25% is required to achieve expected profit on schedule. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Andy Lloyd was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Nov 04
Forecast breakeven date moved forward to 2024 The analyst covering Metro Mining previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$14.0m in 2024. Earnings growth of 30% is required to achieve expected profit on schedule. Board Change • Nov 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Andy Lloyd was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 30
Metro Mining Limited Announces Board Changes Metro Mining Limited announced that Fiona Murdoch will be resigning from her role as an Independent Non-Executive Director of the company effective from 31 October 2024. Fiona has been a Non-Executive Director of Metro since 11 March 2019 and has provided the Company with exceptional leadership and unwavering commitment throughout her tenure. Fiona is the Chair of the Audit and Risk Committee as well as the Remuneration and Nominations Committee and also serves as a member on the Environment, Social and Governance Committee. The company also announced the appointment of two highly experienced Non-Executive Directors to the Board, The Honourable Paul Lucas and Jo-Anne Scarini. The Honourable Paul Lucas, MPIA, FAICD, B.Econ, LL.B, MBA, MURP, Prof.Cert.Arb. The Hon. Paul Lucas holds a number of directorships including Energy Queensland Limited, Chair of the Water for the Lockyer and Somerset Scheme, PKKP Aboriginal Corporation, South West Hospital and Health Service, University of the Sunshine Coast. Previously, he has held directorships across a broad range of sectors including aviation, rail, economic development and civil construction. He is the State President of the Australian Institute of International Affairs and has conducted extensive training in Asian countries predominantly Indonesia. He was a State Minister for 11 years including Deputy Premier and Minister Local Government, Infrastructure & Planning. Ms. Jo-Anne Scarini, GAICD, CPA, MApSc Soc.Ec., BBus Acctg. Jo-Anne Scarini currently serves as Non-Executive Director of Developing East Arnhem Limited and has previously served as Director of Groote Eylandt Mining Company Pty Ltd. and Western Cape Communities Trust. Jo-Anne is a highly capable executive with extensive leadership experience in the resources sector, having successfully led complex operations and projects at companies including Rio Tinto and South32 and in the public sector, acting as General Manager Corporate Services at Cairns City Council. New Risk • Aug 30
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$16m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$16m). Shareholders have been diluted in the past year (36% increase in shares outstanding). Annuncio • Apr 03
Metro Mining Limited to Report First Half, 2024 Results on Aug 31, 2024 Metro Mining Limited announced that they will report first half, 2024 results on Aug 31, 2024 Annuncio • Feb 29
Metro Mining Limited, Annual General Meeting, May 21, 2024 Metro Mining Limited, Annual General Meeting, May 21, 2024, at 11:00 E. Australia Standard Time. Location: KPMG, Level 11, Heritage Lanes, 80 Ann Street Brisbane Queensland Australia Annuncio • Dec 23
Metro Mining Limited Announces Resumption of Transhipping Operations Metro Mining Limited announced that transhipping operations are expected to restart within the next 24 hours. Ex-cyclone Jasper moved much more slowly than expected, however, the company expects to have the opportunity to resume some safe marine operations by 23 December 2023 and intend to continue into the first week of January 2024, weather permitting. Given the loss of shipping window and continuing variable weather conditions, to protect cash flow Metro has negotiated practical adjustments to the vessel line up and is targeting total shipments for the 2023 production season of 4.7 million WMT. Despite the massive rain event which came in the aftermath of Cyclone Jasper which has seen Cairns airport closed twice and widespread flooding affecting many employees, Metro's Bauxite Hills mine has continued to mine and screen in anticipation of resumption in transhipping and 80% of the required bauxite to complete the vessel line up has been mined. New Risk • Oct 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$87.3m market cap, or US$55.1m). Annuncio • Sep 02
Metro Mining Limited Provides Sales Guidance for the Year 2023 Metro Mining Limited provided sales guidance for the year 2023. For the period, the Group is targeting delivered sales of between 4.5 million WMT and 5.0 million WMT in 2023. Reported Earnings • Sep 01
First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.01 loss in 1H 2022) First half 2023 results: AU$0.004 loss per share (improved from AU$0.01 loss in 1H 2022). Revenue: AU$62.4m (down 1.6% from 1H 2022). Net loss: AU$16.7m (loss narrowed 43% from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$91.7m market cap, or US$59.4m). Annuncio • Jun 03
Metro Mining Limited announced that it has received AUD 45 million in funding from Nebari Holdings, LLC On June 2, 2023, Metro Mining Limited closed the transaction. The company received its second and final tranche. The company received AUD 15,000,000 in the tranche. Reported Earnings • Mar 01
Full year 2022 earnings released: AU$0.014 loss per share (vs AU$0.051 loss in FY 2021) Full year 2022 results: AU$0.014 loss per share (improved from AU$0.051 loss in FY 2021). Revenue: AU$177.9m (up 11% from FY 2021). Net loss: AU$50.1m (loss narrowed 53% from FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 02
First half 2022 earnings released: AU$0.01 loss per share (vs AU$0.063 loss in 1H 2021) First half 2022 results: AU$0.01 loss per share (up from AU$0.063 loss in 1H 2021). Revenue: AU$63.4m (up 100% from 1H 2021). Net loss: AU$29.4m (loss narrowed 66% from 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 89,307% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Doug Ritchie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Doug Ritchie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: AU$160.1m (up 25% from FY 2020). Net loss: AU$105.5m (loss widened AU$94.4m from FY 2020). Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 31%, compared to a 787% growth forecast for the mining industry in Australia. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: AU$160.1m (up 25% from FY 2020). Net loss: AU$105.5m (loss widened AU$94.4m from FY 2020). Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 31%, compared to a 787% growth forecast for the mining industry in Australia. Reported Earnings • Sep 05
First half 2021 earnings released: AU$0.063 loss per share (vs AU$0.004 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: AU$31.7m (down 52% from 1H 2020). Net loss: AU$87.1m (loss widened AU$81.6m from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Executive Departure • May 26
Independent Non-Executive Director has left the company On the 16th of May, Philip Hennessy's tenure as Independent Non-Executive Director ended after 6.6 years in the role. As of March 2021, Philip personally held 3.18m shares (AU$184k worth at the time). Philip is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 27
Full year 2020 earnings released: AU$0.008 loss per share (vs AU$0.003 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: AU$128.3m (down 36% from FY 2019). Net loss: AU$11.1m (down 407% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 67%, compared to a 126% growth forecast for the Metals and Mining industry in Australia. 
