Metro Mining Past Earnings Performance
Past criteria checks 3/6
Metro Mining has been growing earnings at an average annual rate of 60.6%, while the Metals and Mining industry saw earnings growing at 15.2% annually. Revenues have been growing at an average rate of 24.5% per year. Metro Mining's return on equity is 76.2%, and it has net margins of 37.6%.
Key information
60.57%
Earnings growth rate
65.49%
EPS growth rate
| Metals and Mining Industry Growth | 22.33% |
| Revenue growth rate | 24.53% |
| Return on equity | 76.17% |
| Net Margin | 37.62% |
| Next Earnings Update | 31 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • Apr 23
MMI: Share Buyback And Shipment Guidance Will Support Future Upside
Analysts have kept their fair value estimate for Metro Mining steady at A$0.15 per share, with only minor adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E that together support this unchanged price target. What's in the News Metro Mining commenced its Cyclone Management Plan on March 17, 2026, temporarily moving to skeleton crew operations and pausing normal port activity at Skardon while conditions were monitored (Key Developments).Narrative Update • Apr 08
MMI: Share Buyback And Shipment Outlook Will Support Further Upside
Analysts have maintained Metro Mining's fair value at A$0.15 per share. Only small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions have been made, resulting in a more finely balanced valuation view.Narrative Update • Mar 25
MMI: Record Shipments And Share Buybacks Will Support Further Upside
Analysts have nudged their price target on Metro Mining slightly higher to A$0.15, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior estimates. What's in the News Metro Mining Limited announces a share repurchase program to buy back up to 305,539,530 shares, equal to 5% of its issued share capital, with all repurchased shares to be cancelled and the program expiring on February 26, 2027 (Key Developments).Narrative Update • Mar 08
MMI: Record Shipments And Share Buybacks Will Support Future Upside
Analysts have trimmed their price target for Metro Mining slightly to A$0.15 from A$0.15. This reflects refreshed assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples.Narrative Update • Feb 22
MMI: Record Shipments And Stable Margins Will Support Future Upside
Analysts have left their A$ fair value estimate for Metro Mining unchanged, reflecting only slight tweaks to the discount rate and future P/E assumptions, while keeping revenue growth and profit margin expectations steady. What's in the News Metro Mining reported shipping of 543,000 WMT for December 2025, described as a December record, with operations conducted over 23 weather working days despite a reduced shipping window from bad weather and a delayed final vessel arrival (Key Developments).Narrative Update • Feb 06
MMI: Record Shipments Will Support Future Earnings Potential And Upside
Analysts have maintained their fair value estimate for Metro Mining at A$0.15 per share. The latest price target is based on a slightly higher discount rate and a marginally adjusted future P/E assumption that reflects updated views on risk and earnings quality.Narrative Update • Jan 23
MMI: Future Earnings Prospects Will Benefit From Record Shipments And Recent Transaction Benchmark
Analysts have maintained their fair value estimate for Metro Mining at A$0.15 per share, making only minor adjustments to inputs such as the discount rate and future P/E. These changes reflect updated market transaction data, including the A$44 million sale of a 119-unit Los Angeles multifamily property.Narrative Update • Jan 08
MMI: Future Earnings Potential Will Improve As Record Shipments Support Cash Flows
Analysts have made a modest adjustment to their price target for Metro Mining, keeping fair value steady at A$0.15 per share while fine tuning inputs such as the discount rate and forward P/E to reflect updated sector transactions and market assumptions. Analyst Commentary Analysts are using the recent A$44 million multifamily transaction in Los Angeles as a reference point for how income producing assets are being priced, then applying those insights to Metro Mining's valuation work.Narrative Update • Dec 25
MMI: Future Earnings Potential Will Improve As Cash Flows Support Expansion
Analysts have modestly increased their price target on Metro Mining to approximately $0.15 per share, citing a slightly higher required return and stable long term growth and profitability assumptions that continue to support the company’s valuation. Analyst Commentary Bullish Takeaways Bullish analysts point to the upward revision in the price target as confirmation that Metro Mining’s earnings profile can support a higher equity valuation despite only modest changes in assumptions.Narrative Update • Dec 11
MMI: Future Earnings Potential Will Improve As Cost Controls Drive Margin Stability
Analysts have trimmed their price target for Metro Mining by roughly A$0.01 per share, citing slightly higher discount-rate assumptions, more moderate revenue growth expectations, and lower forecast profit margins, despite still supportive sector transaction benchmarks. Analyst Commentary Bullish analysts note that, even after the modest price target cut, Metro Mining continues to be valued at a discount to recent transaction benchmarks in the broader resources and infrastructure universe, implying upside if execution remains solid.Narrative Update • Nov 26
MMI: Future Earnings Potential Will Improve With Stable Cost Controls
Metro Mining Analyst Price Target Updated on Analyst Reassessment The analyst price target for Metro Mining has seen a modest adjustment. This change reflects updated analyst expectations in light of careful consideration of recent sector performance and macroeconomic inputs.Narrative Update • Nov 12
MMI: Future Profit Margins Will Remain Resilient Amid Market Headwinds
Metro Mining's analyst price target has remained steady at $0.17 per share. Analysts cite continued expectations for revenue growth and resilient profit margins as supporting factors for current valuations, despite a slight increase in the discount rate.Narrative Update • Oct 29
Discount Rate Adjustments And Improved Margins Will Support Future Efficiency
Analysts have marginally raised their price target for Metro Mining from $0.17 to $0.17, in response to updated forecasts for discount rates and profit margins. Valuation Changes Fair Value: Increased marginally from A$0.166 to A$0.168 per share.Narrative Update • Oct 15
Increasing Capacity And Asian Demand Will Drive Efficiency
Analysts have raised their price target for Metro Mining from $0.13 to $0.17, citing stronger revenue growth and improved profit margins as key drivers for this upward revision. Valuation Changes Fair Value has increased from A$0.13 to A$0.17, reflecting a notable upward revision.Analysis Article • Sep 19
Improved Revenues Required Before Metro Mining Limited (ASX:MMI) Stock's 26% Jump Looks Justified
Metro Mining Limited ( ASX:MMI ) shares have continued their recent momentum with a 26% gain in the last month alone...Analysis Article • May 26
Improved Revenues Required Before Metro Mining Limited (ASX:MMI) Shares Find Their Feet
You may think that with a price-to-sales (or "P/S") ratio of 1.1x Metro Mining Limited ( ASX:MMI ) is definitely a...New Narrative • May 06
Record Shipments And Efficiency Will Yield 7M Tonne Bauxite Capacity
Record shipments and expanded capacity are set to drive Metro Mining's future revenue growth and improve its net margins.Analysis Article • Mar 03
These 4 Measures Indicate That Metro Mining (ASX:MMI) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 13
There Is A Reason Metro Mining Limited's (ASX:MMI) Price Is Undemanding
Metro Mining Limited's ( ASX:MMI ) price-to-sales (or "P/S") ratio of 1.3x might make it look like a strong buy right...Analysis Article • Oct 11
Metro Mining Limited (ASX:MMI) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Those holding Metro Mining Limited ( ASX:MMI ) shares would be relieved that the share price has rebounded 26% in the...Analysis Article • Sep 19
Metro Mining (ASX:MMI) Is Making Moderate Use Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Aug 23
Benign Growth For Metro Mining Limited (ASX:MMI) Underpins Its Share Price
You may think that with a price-to-sales (or "P/S") ratio of 1x Metro Mining Limited ( ASX:MMI ) is definitely a stock...Analysis Article • Apr 03
Metro Mining Limited (ASX:MMI) Held Back By Insufficient Growth Even After Shares Climb 56%
Despite an already strong run, Metro Mining Limited ( ASX:MMI ) shares have been powering on, with a gain of 56% in the...Analysis Article • Nov 23
Metro Mining Limited's (ASX:MMI) Revenues Are Not Doing Enough For Some Investors
Metro Mining Limited's ( ASX:MMI ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a strong buy right...Analysis Article • Oct 18
Is Metro Mining (ASX:MMI) Using Debt Sensibly?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 16
Is Metro Mining (ASX:MMI) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 01
Auditors Have Doubts About Metro Mining (ASX:MMI)
Unfortunately for shareholders, when Metro Mining Limited ( ASX:MMI ) reported results for the period to December 2021...Analysis Article • Sep 02
Is Metro Mining (ASX:MMI) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Feb 28
Auditors Have Doubts About Metro Mining (ASX:MMI)
Unfortunately for shareholders, when Metro Mining Limited ( ASX:MMI ) reported results for the period to December 2020...Analysis Article • Feb 02
A Look At Metro Mining's (ASX:MMI) Share Price Returns
Metro Mining Limited ( ASX:MMI ) shareholders should be happy to see the share price up 12% in the last month. But that...Analysis Article • Dec 29
Should You Review Recent Insider Transactions At Metro Mining Limited (ASX:MMI)?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Metro Mining 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 |
|---|---|---|---|---|
| 31 Dec 25 | 378 | 142 | 19 | 0 |
| 30 Sep 25 | 375 | 139 | 17 | 0 |
| 30 Jun 25 | 371 | 135 | 16 | 0 |
| 31 Mar 25 | 339 | 56 | 14 | 0 |
| 31 Dec 24 | 307 | -22 | 13 | 0 |
| 30 Sep 24 | 281 | -28 | 13 | 0 |
| 30 Jun 24 | 255 | -34 | 13 | 0 |
| 31 Mar 24 | 245 | -24 | 12 | 0 |
| 31 Dec 23 | 236 | -13 | 11 | 0 |
| 30 Sep 23 | 206 | -25 | 10 | 0 |
| 30 Jun 23 | 177 | -37 | 9 | 0 |
| 31 Mar 23 | 177 | -44 | 9 | 0 |
| 31 Dec 22 | 178 | -50 | 8 | 0 |
| 30 Sep 22 | 185 | -49 | 8 | 0 |
| 30 Jun 22 | 192 | -48 | 7 | 0 |
| 31 Mar 22 | 176 | -77 | 7 | 0 |
| 31 Dec 21 | 160 | -105 | 7 | 0 |
| 30 Sep 21 | 127 | -99 | 7 | 0 |
| 30 Jun 21 | 94 | -93 | 6 | 0 |
| 31 Mar 21 | 111 | -52 | 7 | 0 |
| 31 Dec 20 | 128 | -11 | 7 | 0 |
| 30 Sep 20 | 173 | -2 | 9 | 0 |
| 30 Jun 20 | 217 | 7 | 10 | 0 |
| 31 Mar 20 | 208 | 5 | 10 | 0 |
| 31 Dec 19 | 199 | 4 | 10 | 0 |
| 30 Jun 19 | 142 | 0 | 7 | 0 |
| 31 Mar 19 | 130 | -2 | 7 | 0 |
| 31 Dec 18 | 118 | -4 | 7 | 0 |
| 30 Jun 18 | 25 | -17 | 6 | 0 |
| 31 Mar 18 | 13 | -13 | 6 | 0 |
| 31 Dec 17 | 0 | -9 | 3 | 0 |
| 30 Sep 17 | 0 | -6 | 3 | 0 |
| 30 Jun 17 | 0 | -2 | 4 | 0 |
| 31 Mar 17 | 0 | -3 | 3 | 0 |
| 31 Dec 16 | 0 | -3 | 2 | 0 |
| 30 Sep 16 | 0 | -5 | 2 | 0 |
| 30 Jun 16 | 0 | -7 | 1 | 0 |
| 31 Mar 16 | 0 | -5 | 1 | 0 |
| 31 Dec 15 | 0 | -3 | 1 | 0 |
| 30 Sep 15 | 0 | -3 | 1 | 0 |
| 30 Jun 15 | 0 | -2 | 1 | 0 |
Quality Earnings: MMI has a high level of non-cash earnings.
Growing Profit Margin: MMI became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MMI has become profitable over the past 5 years, growing earnings by 60.6% per year.
Accelerating Growth: MMI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MMI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (59.9%).
Return on Equity
High ROE: MMI's Return on Equity (76.2%) is considered outstanding.
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 | 2026/05/31 14:45 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| 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
Metro Mining Limited is covered by 3 analysts. 1 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 |
|---|---|
| Chris Brown | Morgans Financial Limited |
| Andrew Hines | Shaw and Partners Limited |
| Filipe Martins | Stifel Canada |