2025
Merafe Resources Limited
Unaudited Condensed Consolidated Financial Statements and cash dividend declaration
for the six months ended 30 June 2025
Delivering today. Investing in tomorrow.
Merafe Resources Limited
Unaudited Condensed Consolidated Financial Statements and cash dividend declaration
for the six months ended 30 June 2025
Delivering today. Investing in tomorrow.
Financial
47% decrease in revenue to
R2 519 million
(June 2024: R4 744 million)
56% decrease in EBITDA1 to
R500 million
(June 2024: R1 131 million)
55% decrease in headline earnings per share to
12.6 cents
(June 2024: 28.2 cents)
68% decrease in basic earnings per share to
9.3 cents
(June 2024: 28.8 cents)
0.7% increase in net asset value to
R4 909 million
(December 2024: R4 876 million)
36% decrease in cash to
R1 142 million
(December 2024: R1 795 million)
Interim cash dividend of
4 cents per share
(June 2024: 20 cents per share)
Net cash utilised in operating activities of
R159 million
(June 2024: R852 million net cash generated from operating activities)
Safety
35% decrease in TRIFR2 to
1.50
(December 2024: 2.31)
No fatalities
(June 2024: 1 fatality)
Operational
14% decrease in chrome ore sales volumes to
217kt
(June 2024: 251kt)
27% decrease in ferrochrome production to
112kt
(June 2024: 154kt)
55% decrease in ferrochrome sales volumes to
76kt
(June 2024: 167kt)
9% increase in Platinum Group Metals (PGMs) sales volumes to
7 112oz
(June 2024: 6 536oz)
| 1 | Earnings before interest, tax, depreciation and amortisation. |
| 2 | Total recordable injury frequency rate. |
