Northern Star Resources Full Year 2024 Earnings: EPS Misses Expectations

Northern Star Resources (ASX:NST) Full Year 2024 Results

Key Financial Results

• Revenue: AU$4.92b (up 19% from FY 2023).
• Net income: AU$638.5m (up 9.1% from FY 2023).
• Profit margin: 13% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: AU$0.56 (up from AU$0.51 in FY 2023).

NST Production and Reserves

Gold

• Production: 1,644.5 troy koz
• Proved and probable reserves (ore): 430.6 Mt (383 Mt in FY 2023)
• Number of mines: 6 (6 in FY 2023)

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

Northern Star Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%.

The primary driver behind last 12 months revenue was the KCGM segment contributing a total revenue of AU$1.33b (27% of total revenue). Notably, cost of sales worth AU$3.73b amounted to 76% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling AU$323.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how NST's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are up 6.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Northern Star Resources' balance sheet.

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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.