Merafe Resources Limited (JSE:MRF)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
137.00
0.00 (0.00%)
Nov 6, 2026, 5:00 PM SAST

Merafe Resources Financials Overview

Millions ZAR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 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
6,7495,8358,4439,2447,9398,063
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
195.89%-78.65%-61.91%24.29%-15.54%-

Revenue by Geography

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Africa (Includes South Africa)
222.6320.06720.58207.44219.31204.29
China
4,2393,5214,134---
Indonesia
367.91140.06956.7---
Other Asia
429.93326.02554.46---
Americas (Includes Brazil, USA and Mexico)
-372.99581.04-608.41494.94
Europe ( Includes Germany, Italy, Spain, France and Belgium)
-725.491,224---
Total
6,2215,4058,1719,1087,8358,056

Cash & Debt

Fiscal Year
CurrentFY 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 Year
TTMFY 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 Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 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
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 Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
8.76%11.01%20.00%32.31%19.03%24.17%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.1219.105.241.852.331.79
Forward PE
3.913.333.662.753.182.78
P/FCF Ratio
2.9016.683.232.692.714.51
PS Ratio
0.510.470.410.350.410.37