MAC Copper Full Year 2024 Earnings: US$1.14 loss per share (vs US$4.83 loss in FY 2023)

MAC Copper (NYSE:MTAL) Full Year 2024 Results

Key Financial Results

• Revenue: US$340.7m (up 114% from FY 2023).
• Net loss: US$81.7m (loss narrowed by 44% from FY 2023).
• US$1.14 loss per share (improved from US$4.83 loss in FY 2023).

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

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

MAC Copper Earnings Insights

In the last 12 months, the only revenue segment was Blank Checks contributing US$340.7m. Notably, cost of sales worth US$223.4m amounted to 66% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$157.2m 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 MTAL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for MAC Copper that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.