Merafe Resources Full Year 2024 Earnings: EPS: R0.27 (vs R0.70 in FY 2023)

Merafe Resources (JSE:MRF) Full Year 2024 Results

Key Financial Results

• Revenue: R8.44b (down 8.7% from FY 2023).
• Net income: R667.2m (down 62% from FY 2023).
• Profit margin: 7.9% (down from 19% in FY 2023).
• EPS: R0.27 (down from R0.70 in FY 2023).

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

Merafe Resources Earnings Insights

Looking ahead, revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in South Africa are expected to grow by 6.7%.

Performance of the South African Metals and Mining industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Be aware that Merafe Resources is showing 4 warning signs in our investment analysis and 2 of those don't sit too well with us...

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