- Australia
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- Metals and Mining
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- ASX:MIN
Mineral Resources Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Mineral Resources (ASX:MIN) Full Year 2024 Results
Key Financial Results
- Revenue: AU$5.28b (up 10% from FY 2023).
- Net income: AU$125.0m (down 49% from FY 2023).
- Profit margin: 2.4% (down from 5.1% in FY 2023).
- EPS: AU$0.64 (down from AU$1.27 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mineral Resources Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 67%.
The primary driver behind last 12 months revenue was the Mining Services segment contributing a total revenue of AU$3.38b (64% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$2.53b (61% of total expenses). Explore how MIN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
Performance of the Australian Metals and Mining industry.
The company's shares are down 21% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Mineral Resources (2 don't sit too well with us!) 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.
About ASX:MIN
Mineral Resources
Together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally.
Reasonable growth potential low.
