Thungela Resources Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	35,554	30,634	50,753	26,282	3,750
Revenue Growth (YoY)	16.06%	-39.64%	93.11%	600.85%	-
Cost of Revenue	17,082	11,853	12,570	7,859	1,138
Gross Profit	18,472	18,781	38,183	18,423	2,612
Selling, General & Admin	11,943	10,203	9,058	8,176	1,797
Other Operating Expenses	385	307	308	300	469
Operating Expenses	14,884	12,142	10,668	9,685	2,738
Operating Income	3,588	6,639	27,515	8,738	-126
Interest Expense	-1,157	-1,024	-738	-680	-312
Interest & Investment Income	1,393	1,394	963	503	3
Currency Exchange Gain (Loss)	887	592	659	391	-1
Other Non Operating Income (Expenses)	-9	-185	-3,554	-221	-
EBT Excluding Unusual Items	4,702	7,416	24,845	8,731	-436
Merger & Restructuring Charges	-13	-505	-29	-422	-2
Gain (Loss) on Sale of Assets	587	-8	-17	8	-
Asset Writedown	-278	-266	-656	-808	-
Other Unusual Items	-	565	-	-	-
Pretax Income	4,998	7,202	24,143	7,509	-438
Income Tax Expense	1,454	2,232	5,938	571	-76
Earnings From Continuing Operations	3,544	4,970	18,205	6,938	-362
Minority Interest in Earnings	48	192	-1,217	-509	32
Net Income	3,592	5,162	16,988	6,429	-330
Net Income to Common	3,592	5,162	16,988	6,429	-330
Net Income Growth	-30.41%	-69.61%	164.24%	-	-
Shares Outstanding (Basic)	134	137	134	105	62
Shares Outstanding (Diluted)	136	140	136	106	62
Shares Change (YoY)	-2.77%	2.76%	28.81%	70.05%	-
EPS (Basic)	26.76	37.66	127.08	61.08	-5.31
EPS (Diluted)	26.42	36.92	124.87	60.87	-5.31
EPS Growth	-28.44%	-70.43%	105.14%	-	-
Free Cash Flow	1,956	5,387	17,861	3,804	-444
Free Cash Flow Per Share	14.39	38.53	131.29	36.02	-7.15
Dividend Per Share	13.000	20.000	100.000	18.000	-
Dividend Growth	-35.00%	-80.00%	455.56%	-	-
Gross Margin	51.95%	61.31%	75.23%	70.10%	69.65%
Operating Margin	10.09%	21.67%	54.21%	33.25%	-3.36%
Profit Margin	10.10%	16.85%	33.47%	24.46%	-8.80%
Free Cash Flow Margin	5.50%	17.59%	35.19%	14.47%	-11.84%
EBITDA	5,983	8,181	28,697	9,748	282
EBITDA Margin	16.83%	26.71%	56.54%	37.09%	7.52%
D&A For EBITDA	2,395	1,542	1,182	1,010	408
EBIT	3,588	6,639	27,515	8,738	-126
EBIT Margin	10.09%	21.67%	54.21%	33.25%	-3.36%
Effective Tax Rate	29.09%	30.99%	24.59%	7.60%	-

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.