Merafe Resources Limited (JSE:MRF)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
136.00
0.00 (0.00%)
Sep 9, 2026, 10:00 AM 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
6,7495,8358,4439,2447,9398,063
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 YearTTMFY 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 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
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 YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '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
8.96%13.27%26.84%57.80%43.96%69.72%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.0619.105.241.852.331.79
Forward PE
4.393.333.662.753.182.78
P/FCF Ratio
2.8816.683.232.692.714.51
PS Ratio
0.500.470.410.350.410.37