Metals X 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 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jun '22 Jun 30, 2022
Revenue	285	218.82	153.78	187.92	228.88
Revenue Growth (YoY)	30.24%	42.29%	-18.16%	-17.90%	143.92%
Cost of Revenue	158.28	123.56	105.16	100.59	98.3
Gross Profit	126.72	95.26	48.63	87.33	130.58
Selling, General & Admin	4.21	2.74	3.8	3.25	3.44
Other Operating Expenses	0.53	0.25	0.13	0.08	0.07
Operating Expenses	4.74	3	3.94	3.31	3.49
Operating Income	121.98	92.27	44.69	84.02	127.09
Interest Expense	-0.45	-0.31	-0.74	-0.26	-0.54
Interest & Investment Income	13.24	9.84	7.09	1.43	1.5
Earnings From Equity Investments	-1.81	-0.88	-0.96	-	-
Currency Exchange Gain (Loss)	-	-	-	0.01	0.04
Other Non Operating Income (Expenses)	-0.37	-0.86	-2.02	7.61	0.85
EBT Excluding Unusual Items	132.59	100.05	48.06	92.82	128.94
Gain (Loss) on Sale of Investments	5.69	20.18	-21.24	5.57	4.54
Gain (Loss) on Sale of Assets	-	-	-	-	0.34
Pretax Income	138.28	120.23	26.82	98.38	133.81
Income Tax Expense	33.67	17.88	12.23	-38.54	-42.53
Earnings From Continuing Operations	104.61	102.35	14.59	136.93	176.34
Earnings From Discontinued Operations	-	-	-	7.57	7.56
Net Income	104.61	102.35	14.59	144.5	183.89
Net Income to Common	104.61	102.35	14.59	144.5	183.89
Net Income Growth	2.20%	601.74%	-89.91%	-21.42%	110.89%
Shares Outstanding (Basic)	886	903	907	907	907
Shares Outstanding (Diluted)	886	903	907	907	907
Shares Change (YoY)	-1.81%	-0.50%	0.01%	-0.01%	-
EPS (Basic)	0.12	0.11	0.02	0.16	0.20
EPS (Diluted)	0.12	0.11	0.02	0.16	0.20
EPS Growth	4.09%	605.29%	-89.91%	-21.42%	110.89%
Free Cash Flow	90.97	102.63	29.93	63.51	113.22
Free Cash Flow Per Share	0.10	0.11	0.03	0.07	0.13
Gross Margin	44.46%	43.53%	31.62%	46.47%	57.05%
Operating Margin	42.80%	42.16%	29.06%	44.71%	55.53%
Profit Margin	36.70%	46.77%	9.48%	76.89%	80.35%
Free Cash Flow Margin	31.92%	46.90%	19.46%	33.80%	49.47%
EBITDA	147.96	115.32	58.68	95.4	140.27
EBITDA Margin	51.92%	52.70%	38.16%	50.77%	61.29%
D&A For EBITDA	25.98	23.06	13.99	11.39	13.18
EBIT	121.98	92.27	44.69	84.02	127.09
EBIT Margin	42.80%	42.16%	29.06%	44.71%	55.53%
Effective Tax Rate	24.35%	14.87%	45.62%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.