Industrias Peñoles. de Full Year 2024 Earnings: EPS: US$0.18 (vs US$0.37 in FY 2023)

Industrias Peñoles. de (BMV:PE&OLES) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.65b (up 12% from FY 2023).
• Net income: US$73.3m (down 50% from FY 2023).
• Profit margin: 1.1% (down from 2.5% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.18 (down from US$0.37 in FY 2023).

PE&OLES * Production and Reserves

Silver

• Production: 146,902.9 troy koz (150,232.9 troy koz in FY 2023)

Gold

• Production: 1,558.6 troy koz (1,649.5 troy koz in FY 2023)

Zinc

• Production: 0.512 Mt (0.534 Mt in FY 2023)

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

Industrias Peñoles. de Earnings Insights

The primary driver behind last 12 months revenue was the Metallurgical segment contributing a total revenue of US$5.93b (89% of total revenue). Notably, cost of sales worth US$4.89b amounted to 74% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$996.7m 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 PE&OLES *'s revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in South America are expected to grow by 3.0%.

Performance of the market in Mexico.

The company's shares are up 15% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Industrias Peñoles. de.

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