Ramelius Resources Full Year 2024 Earnings: EPS Beats Expectations

Ramelius Resources (ASX:RMS) Full Year 2024 Results

Key Financial Results

• Revenue: AU$882.6m (up 40% from FY 2023).
• Net income: AU$216.6m (up 252% from FY 2023).
• Profit margin: 25% (up from 9.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: AU$0.20 (up from AU$0.069 in FY 2023).

RMS Production and Reserves

Gold

• Production: 293.03 troy koz (241 troy koz in FY 2023)
• Proved and probable reserves (ore): 5.8 Mt
• Number of mines: 2 (2 in FY 2023)

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

Ramelius Resources EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%.

The primary driver behind last 12 months revenue was the Mt Magnet segment contributing a total revenue of AU$483.2m (55% of total revenue). Notably, cost of sales worth AU$569.0m amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling AU$49.4m 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 RMS's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 9.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 1.7%.

Performance of the Australian Metals and Mining industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Ramelius Resources that you need to be mindful of.

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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.