2024
Merafe Resources Limited
Integrated Annual Report
Delivering today. Investing in tomorrow.
Merafe Resources Limited
Integrated Annual Report
Delivering today. Investing in tomorrow.
Challenging global market conditions impacted our profitability, which was 62% lower than the prior year. The increase in Chinese ferrochrome production capacity contributed to the oversupply of ferrochrome and a sharp decline in prices in H2.
Zanele Matlala Chief Executive Officer
1/3
Financial capital makes it possible for other types of capital to be owned and traded. Financial capital is also representative of how successful we have been at achieving the sustainable development of our natural, human, social and manufactured capitals.
Ditabe Chocho Financial Director
2/3
I am honoured to have been appointed Chairperson of the Company in May 2024, succeeding Mr Abiel Mngomezulu. On behalf of the Board and all stakeholders, I sincerely thank Mr Mngomezulu for his many years of unwavering service...
Steve Phiri Chairperson
3/3
Financial
Cash balance
R1 795 million
(2023: R1 656 million)
Revenue
R8 443 million
(2023: R9 244 million)
Net profit
R667 million
(2023: R1 753 million)
Final cash dividend
8cps
(2023: 22cps)
Earnings before interest, taxation, depreciation and amortisation (EBITDA)
R1 731 million
(2023: R2 545 million)
5% decrease in net cash generated from operating activities
R1 777 million
(2023: R1 879 million)
Headline earnings per share
42.9cps
(2023: 60.1cps)
Basic earnings per share
26.7cps
(2023: 70.1 cps)
Chrome is a metallurgical marvel. It brings critical properties to the metals with which it is alloyed.
