29Metals Income Statement

Financials in millions AUD. Fiscal year is January - December.

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	566.62	551.06	449.75	720.69	600.76
Revenue Growth (YoY)	2.82%	22.53%	-37.59%	19.96%	38.28%
Cost of Revenue	482.05	562.62	540.87	716.8	464.12
Gross Profit	84.58	-11.56	-91.12	3.89	136.64
Selling, General & Admin	35.04	33.24	139.83	33.88	18.64
Other Operating Expenses	11.38	14.4	7.52	9.16	14.36
Operating Expenses	47.54	51.86	152.44	43.05	33
Operating Income	37.03	-63.41	-243.56	-39.16	103.65
Interest Expense	-22.03	-27.47	-25.66	-14.16	-11.79
Interest & Investment Income	5.39	3.38	5.23	1.39	0.09
Currency Exchange Gain (Loss)	12.33	-20.44	4.23	-12.2	-13.45
Other Non Operating Income (Expenses)	-0.43	-1.48	-1.35	-1.69	-14.96
EBT Excluding Unusual Items	32.29	-109.41	-261.1	-65.82	63.55
Merger & Restructuring Charges	-59.85	-68.6	-	-	-26.43
Gain (Loss) on Sale of Assets	0.38	0.73	0.48	-	-
Asset Writedown	-	-30	-143	-	-
Other Unusual Items	-2.65	-6.22	-2.77	-	-19.34
Pretax Income	24.17	-177.61	-382.39	-65.82	17.78
Income Tax Expense	-	-	58.07	-18.59	-103.24
Net Income	24.17	-177.61	-440.46	-47.22	121.01
Net Income to Common	24.17	-177.61	-440.46	-47.22	121.01
Shares Outstanding (Basic)	1,371	730	552	481	249
Shares Outstanding (Diluted)	1,386	730	552	481	250
Shares Change (YoY)	89.75%	32.43%	14.62%	92.43%	-47.92%
EPS (Basic)	0.02	-0.24	-0.80	-0.10	0.49
EPS (Diluted)	0.02	-0.24	-0.80	-0.10	0.48
Free Cash Flow	-34.66	-14.62	-85.47	88.3	28.02
Free Cash Flow Per Share	-0.03	-0.02	-0.15	0.18	0.11
Dividend Per Share	-	-	-	0.020	-
Gross Margin	14.93%	-2.10%	-20.26%	0.54%	22.75%
Operating Margin	6.54%	-11.51%	-54.16%	-5.43%	17.25%
Profit Margin	4.27%	-32.23%	-97.94%	-6.55%	20.14%
Free Cash Flow Margin	-6.12%	-2.65%	-19.00%	12.25%	4.66%
EBITDA	128.77	42.24	-142.89	117.47	176.7
EBITDA Margin	22.73%	7.67%	-31.77%	16.30%	29.41%
D&A For EBITDA	91.73	105.66	100.67	156.63	73.05
EBIT	37.03	-63.41	-243.56	-39.16	103.65
EBIT Margin	6.54%	-11.51%	-54.16%	-5.43%	17.25%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.