29Metals Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

February 28, 2025

29Metals (ASX:29M) Full Year 2024 Results

Key Financial Results

Revenue: AU$551.1m (up 23% from FY 2023).
Net loss: AU$177.6m (loss narrowed by 60% from FY 2023).
AU$0.24 loss per share (improved from AU$0.80 loss in FY 2023).

earnings-and-revenue-growth — ASX:29M Earnings and Revenue Growth February 28th 2025

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

29Metals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 138%.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 8.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for 29Metals that you need to take into consideration.

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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.