Merafe Resources Limited (JSE:MRF)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
127.00
-3.00 (-2.31%)
Jul 28, 2026, 11:33 AM SAST

Merafe Resources Financials Overview

Millions ZAR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,8355,8358,4439,2447,9398,063
Revenue Growth
-6.17%-30.89%-8.66%16.44%-1.53%68.66%
Gross Profit
5,8355,8358,4439,2447,9398,063
Operating Income
496.87496.871,3151,9471,8532,217
Net Income
142.59142.59667.211,7531,4101,674
Earnings Per Share
0.060.060.270.700.560.67
EPS Growth
-20.83%-78.65%-61.91%24.29%-15.54%-

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Africa (Includes South Africa)
320.06320.06720.58207.44219.31204.29
Americas (Includes Brazil, USA and Mexico)
372.99372.99581.04-608.41494.94
China
3,5213,5214,134---
Indonesia
140.06140.06956.7---
Other Asia
326.02326.02554.46---
Europe ( Includes Germany, Italy, Spain, France and Belgium)
725.49725.491,224---
Total
5,4055,4058,1719,1087,8358,056

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,1561,1561,4341,6561,269972.13
Total Debt
4.724.725.879.06134.7973.74
Net Cash (Debt)
1,1521,1521,4281,6471,134898.39
Net Cash Growth
1.33%-19.37%-13.27%45.24%26.21%298.93%
Net Cash Per Share
0.460.460.570.660.450.36

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
609.8609.81,7441,8791,6981,156
Capital Expenditures
-446.52-446.52-662.19-671.37-484.24-490.24
Free Cash Flow
163.28163.281,0821,2081,213665.69
Free Cash Flow Growth
6.75%-84.91%-10.43%-0.45%82.29%337.03%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
100.00%100.00%100.00%100.00%100.00%100.00%
Operating Margin
8.52%8.52%15.57%21.06%23.34%27.49%
Pretax Margin
3.25%3.25%10.50%25.46%24.56%28.86%
Profit Margin
2.44%2.44%7.90%18.96%17.76%20.76%
FCF Margin
2.80%2.80%12.81%13.07%15.29%8.26%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.1200.1200.2800.4200.2500.290
Dividend Per Share Growth
-57.14%-57.14%-33.33%68.00%-13.79%-
Dividend Yield
9.23%11.82%23.92%51.51%39.17%62.13%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
22.8119.105.241.852.331.79
Forward PE
26.003.333.662.753.182.78
P/FCF Ratio
19.9016.683.232.692.714.51
PS Ratio
0.560.470.410.350.410.37