African Rainbow Minerals Limited (JSE: ARI)

African Rainbow Minerals Income Statement

Financials in millions ZAR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	11,418	11,418	14,662	16,917	19,657	11,653
Revenue Growth (YoY)	-22.13%	-22.13%	-13.33%	-13.94%	68.69%	31.91%
Cost of Revenue	10,541	10,541	8,917	7,741	7,900	7,492
Gross Profit	877	877	5,745	9,176	11,757	4,161
Selling, General & Admin	380	380	942	816	512	505
Research & Development	-	-	212	166	105	115
Other Operating Expenses	315	315	-451	-210	-290	260
Operating Expenses	846	846	1,068	1,113	553	1,097
Operating Income	31	31	4,677	8,063	11,204	3,064
Interest Expense	-192	-192	-105	-129	-179	-281
Interest & Investment Income	1,123	1,123	868	685	487	446
Earnings From Equity Investments	4,652	4,652	5,564	7,576	7,238	4,483
Currency Exchange Gain (Loss)	-	-	28	34	-28	7
Other Non Operating Income (Expenses)	-63	-63	1	-	-	-
EBT Excluding Unusual Items	5,551	5,551	11,033	16,229	18,722	7,719
Gain (Loss) on Sale of Investments	-	-	-	1,121	-	-1,121
Gain (Loss) on Sale of Assets	1	1	-	4	-	-6
Asset Writedown	-3,397	-3,397	-	3	-9	-566
Other Unusual Items	-	-	56	-372	-	-
Pretax Income	2,200	2,200	11,153	17,100	18,805	6,110
Income Tax Expense	-96	-96	1,833	2,736	3,333	1,076
Earnings From Continuing Operations	2,296	2,296	9,320	14,364	15,472	5,034
Net Income to Company	2,296	2,296	9,320	14,364	15,472	5,034
Minority Interest in Earnings	850	850	-1,242	-1,938	-2,846	-1,069
Net Income	3,146	3,146	8,078	12,426	12,626	3,965
Net Income to Common	3,146	3,146	8,078	12,426	12,626	3,965
Net Income Growth	-61.05%	-61.05%	-34.99%	-1.58%	218.44%	11.56%
Shares Outstanding (Basic)	196	196	196	196	195	194
Shares Outstanding (Diluted)	196	196	196	196	197	197
Shares Change (YoY)	-0.15%	-0.15%	0.23%	-0.65%	0.07%	0.70%
EPS (Basic)	16.05	16.05	41.20	63.43	64.64	20.42
EPS (Diluted)	16.03	16.03	41.11	63.38	63.99	20.11
EPS Growth	-61.01%	-61.01%	-35.14%	-0.95%	218.20%	10.80%
Free Cash Flow	1,305	1,305	8,453	8,861	7,030	5,741
Free Cash Flow Per Share	6.65	6.65	43.02	45.20	35.63	29.12
Dividend Per Share	15.000	15.000	26.000	32.000	30.000	12.000
Dividend Growth	-42.31%	-42.31%	-18.75%	6.67%	150.00%	-7.69%
Gross Margin	7.68%	7.68%	39.18%	54.24%	59.81%	35.71%
Operating Margin	0.27%	0.27%	31.90%	47.66%	57.00%	26.29%
Profit Margin	27.55%	27.55%	55.09%	73.45%	64.23%	34.03%
Free Cash Flow Margin	11.43%	11.43%	57.65%	52.38%	35.76%	49.27%
EBITDA	1,004	1,004	5,499	8,809	11,873	3,620
EBITDA Margin	8.79%	8.79%	37.51%	52.07%	60.40%	31.06%
D&A For EBITDA	973	973	822	746	669	556
EBIT	31	31	4,677	8,063	11,204	3,064
EBIT Margin	0.27%	0.27%	31.90%	47.66%	57.00%	26.29%
Effective Tax Rate	-	-	16.43%	16.00%	17.72%	17.61%

Source: S&P Capital IQ. Standard template. Financial Sources.