Africa Resources Past Earnings Performance

Past criteria checks 0/6

Africa Resources has been growing earnings at an average annual rate of 35.7%, while the Metals and Mining industry saw earnings growing at 12.3% annually. Revenues have been declining at an average rate of 0.01% per year.

Key information

35.7%

Earnings growth rate

36.2%

EPS growth rate

Metals and Mining Industry Growth	8.6%
Revenue growth rate	-0.01%
Return on equity	-7.0%
Net Margin	-14.0%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Africa Resources makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGM:AFRI Revenue, expenses and earnings (SEK Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	3	0	0
30 Jun 24	3	-1	0
31 Mar 24	2	-1	0
31 Dec 23	1	-1	0
30 Sep 23	1	-2	0
30 Jun 23	1	-2	0
31 Mar 23	2	-2	1
31 Dec 22	2	-2	1
30 Sep 22	3	-1	1
30 Jun 22	2	-1	1
31 Mar 22	2	-1	0
31 Dec 21	2	-1	0
30 Sep 21	2	-3	1
30 Jun 21	3	-3	0
31 Mar 21	3	-3	1
31 Dec 20	2	-3	1
30 Sep 20	2	-2	1
30 Jun 20	1	-4	2
31 Mar 20	1	-6	2
31 Dec 19	3	-5	2
30 Sep 19	2	-5	2
30 Jun 19	2	-5	1
31 Mar 19	2	-4	1
31 Dec 18	0	-6	1
30 Sep 18	0	-7	0
30 Jun 18	0	-7	0
31 Mar 18	0	-6	0
31 Dec 17	0	-5	0
31 Dec 16	0	-2	2

Quality Earnings: AFRI is currently unprofitable.

Growing Profit Margin: AFRI is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AFRI is unprofitable, but has reduced losses over the past 5 years at a rate of 35.7% per year.

Accelerating Growth: Unable to compare AFRI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AFRI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.3%).

Return on Equity

High ROE: AFRI has a negative Return on Equity (-7.03%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 08:12
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Africa Resources AB (publ) is covered by 0 analysts. 0 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