Merafe Resources Limited (JSE:MRF)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
140.00
0.00 (0.00%)
Aug 17, 2026, 1:09 PM SAST

Merafe Resources Financials Overview

Millions ZAR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
6,7495,8358,4439,2447,9398,063
Revenue Growth
15.66%-30.89%-8.66%16.44%-1.53%68.66%
Gross Profit
6,0555,8358,4439,2447,9398,063
Operating Income
732.86496.871,3151,9471,8532,217
Net Income
421.5142.59667.211,7531,4101,674
Earnings Per Share
0.170.060.270.700.560.67
EPS Growth
196.28%-78.65%-61.91%24.29%-15.54%-

Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Africa (Includes South Africa)
320.06720.58207.44219.31204.29
Americas (Includes Brazil, USA and Mexico)
372.99581.04-608.41494.94
China
3,5214,134---
Indonesia
140.06956.7---
Other Asia
326.02554.46---
Europe ( Includes Germany, Italy, Spain, France and Belgium)
725.491,224---
Total
5,4058,1719,1087,8358,056

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,5911,1561,4341,6561,269972.13
Total Debt
4.074.725.879.06134.7973.74
Net Cash (Debt)
1,5871,1521,4281,6471,134898.39
Net Cash Growth
37.82%-19.37%-13.27%45.24%26.21%298.93%
Net Cash Per Share
0.640.460.570.660.450.36

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,596609.81,7441,8791,6981,156
Capital Expenditures
-417.07-446.52-662.19-671.37-484.24-490.24
Free Cash Flow
1,179163.281,0821,2081,213665.69
Free Cash Flow Growth
622.08%-84.91%-10.43%-0.45%82.29%337.03%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
89.73%100.00%100.00%100.00%100.00%100.00%
Operating Margin
10.86%8.52%15.57%21.06%23.34%27.49%
Pretax Margin
8.67%3.25%10.50%25.46%24.56%28.86%
Profit Margin
6.25%2.44%7.90%18.96%17.76%20.76%
FCF Margin
17.47%2.80%12.81%13.07%15.29%8.26%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
100.00%-57.14%-33.33%68.00%-13.79%-
Dividend Yield
8.57%11.82%23.92%51.51%39.17%62.13%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.2919.105.241.852.331.79
Forward PE
4.523.333.662.753.182.78
P/FCF Ratio
2.9716.683.232.692.714.51
PS Ratio
0.520.470.410.350.410.37