Kumba Iron Ore Limited (JSE: KIO)

Kumba Iron Ore Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	83,757	86,234	74,032	102,092	80,104	64,285
Revenue Growth (YoY)	20.80%	16.48%	-27.49%	27.45%	24.61%	40.59%
Cost of Revenue	13,818	14,053	10,719	13,794	11,981	35,231
Gross Profit	69,939	72,181	63,313	88,298	68,123	29,054
Selling, General & Admin	25,231	23,624	23,128	20,897	21,951	65
Other Operating Expenses	3,197	3,408	3,040	2,810	96	83
Operating Expenses	33,833	32,078	31,207	28,751	27,078	148
Operating Income	36,106	40,103	32,106	59,547	41,045	28,906
Interest Expense	-427	-554	-381	-175	-162	-268
Interest & Investment Income	770	685	377	779	624	792
Earnings From Equity Investments	-27	-26	-	-	-	-
Other Non Operating Income (Expenses)	541	538	155	-149	-284	-
EBT Excluding Unusual Items	36,362	40,746	32,257	60,002	41,223	29,430
Gain (Loss) on Sale of Investments	-1	-	-	-	-	-155
Gain (Loss) on Sale of Assets	-	1	-74	-	-19	-
Asset Writedown	-	-	-5,411	-	-	-23
Pretax Income	36,361	40,747	26,772	60,002	41,204	29,252
Income Tax Expense	9,851	10,942	7,117	16,345	11,363	7,936
Earnings From Continuing Operations	26,510	29,805	19,655	43,657	29,841	21,316
Net Income to Company	26,510	29,805	19,655	43,657	29,841	21,316
Minority Interest in Earnings	-6,280	-7,080	-4,687	-10,391	-7,062	-5,057
Net Income	20,230	22,725	14,968	33,266	22,779	16,259
Net Income to Common	20,230	22,725	14,968	33,266	22,779	16,259
Net Income Growth	54.95%	51.82%	-55.01%	46.04%	40.10%	69.10%
Shares Outstanding (Basic)	321	321	321	321	321	321
Shares Outstanding (Diluted)	322	322	322	322	322	321
Shares Change (YoY)	0.03%	0.02%	-0.06%	0.02%	0.09%	-0.14%
EPS (Basic)	63.03	70.80	46.64	103.67	71.03	50.72
EPS (Diluted)	62.89	70.64	46.54	103.37	70.79	50.58
EPS Growth	54.93%	51.78%	-54.98%	46.02%	39.96%	69.33%
Free Cash Flow	23,084	21,031	19,219	44,416	27,417	24,421
Free Cash Flow Per Share	71.76	65.37	59.75	138.01	85.21	75.97
Dividend Per Share	42.970	46.800	45.000	103.200	60.900	46.780
Dividend Growth	10.46%	4.00%	-56.40%	69.46%	30.18%	54.70%
Gross Margin	83.50%	83.70%	85.52%	86.49%	85.04%	45.20%
Operating Margin	43.11%	46.50%	43.37%	58.33%	51.24%	44.97%
Profit Margin	24.15%	26.35%	20.22%	32.58%	28.44%	25.29%
Free Cash Flow Margin	27.56%	24.39%	25.96%	43.51%	34.23%	37.99%
EBITDA	41,261	44,906	36,959	64,450	45,881	33,355
EBITDA Margin	49.26%	52.07%	49.92%	63.13%	57.28%	51.89%
D&A For EBITDA	5,155	4,803	4,853	4,903	4,836	4,449
EBIT	36,106	40,103	32,106	59,547	41,045	28,906
EBIT Margin	43.11%	46.50%	43.37%	58.33%	51.24%	44.97%
Effective Tax Rate	27.09%	26.85%	26.58%	27.24%	27.58%	27.13%

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