Valterra Platinum Limited (LON:VALT)

Valterra Platinum Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	99,111	108,987	124,583	164,090	214,568	107,771
Revenue Growth (YoY)	-11.60%	-12.52%	-24.08%	-23.52%	99.10%	8.26%
Cost of Revenue	87,097	90,732	103,490	93,480	109,409	68,143
Gross Profit	12,014	18,255	21,093	70,610	105,159	39,628
Selling, General & Admin	1,457	1,343	1,800	1,342	966	871
Other Operating Expenses	2,059	975	818	558	623	553
Operating Expenses	3,668	2,385	2,715	1,803	1,761	1,457
Operating Income	8,346	15,870	18,378	68,807	103,398	38,171
Interest Expense	-1,020	-964	-512	-301	-224	-247
Interest & Investment Income	849	986	1,211	972	727	560
Earnings From Equity Investments	-919	-1,296	219	-227	952	340
Currency Exchange Gain (Loss)	-468	-539	-503	26	-444	-989
Other Non Operating Income (Expenses)	16	-17	105	131	186	108
EBT Excluding Unusual Items	6,804	14,040	18,898	69,408	104,595	37,943
Merger & Restructuring Charges	-1,364	-2,217	-247	-202	-127	-151
Gain (Loss) on Sale of Investments	-461	-276	538	-1,738	4,451	3,721
Gain (Loss) on Sale of Assets	-	-	-903	-	7	135
Asset Writedown	-2,566	-1,868	-177	-456	-27	-476
Legal Settlements	-	-	-	-	-	-140
Other Unusual Items	-	-	-	-282	-634	-528
Pretax Income	2,413	9,679	18,109	66,768	108,311	40,858
Income Tax Expense	718	2,286	4,663	17,472	29,290	10,455
Earnings From Continuing Operations	1,695	7,393	13,446	49,296	79,021	30,403
Minority Interest in Earnings	-372	-334	-406	-143	-43	-61
Net Income	1,323	7,059	13,040	49,153	78,978	30,342
Net Income to Common	1,323	7,059	13,040	49,153	78,978	30,342
Net Income Growth	-88.61%	-45.87%	-73.47%	-37.76%	160.29%	64.04%
Shares Outstanding (Basic)	263	263	263	263	263	263
Shares Outstanding (Diluted)	264	264	264	264	263	263
Shares Change (YoY)	-0.01%	-0.01%	0.02%	0.04%	0.02%	-0.02%
EPS (Basic)	5.03	26.83	49.52	186.67	300.23	115.53
EPS (Diluted)	5.02	26.78	49.47	186.49	299.76	115.19
EPS Growth	-88.62%	-45.87%	-73.47%	-37.79%	160.23%	64.07%
Free Cash Flow	560	7,860	-4,338	28,462	82,855	13,729
Free Cash Flow Per Share	2.13	29.82	-16.45	107.98	314.48	52.12
Dividend Per Share	5.000	12.750	21.300	75.000	119.000	45.580
Dividend Growth	-73.75%	-40.14%	-71.60%	-36.98%	161.08%	65.14%
Gross Margin	12.12%	16.75%	16.93%	43.03%	49.01%	36.77%
Operating Margin	8.42%	14.56%	14.75%	41.93%	48.19%	35.42%
Profit Margin	1.33%	6.48%	10.47%	29.95%	36.81%	28.15%
Free Cash Flow Margin	0.56%	7.21%	-3.48%	17.34%	38.62%	12.74%
EBITDA	16,414	23,502	24,620	74,502	108,152	42,461
EBITDA Margin	16.56%	21.56%	19.76%	45.40%	50.41%	39.40%
D&A For EBITDA	8,068	7,632	6,242	5,695	4,754	4,290
EBIT	8,346	15,870	18,378	68,807	103,398	38,171
EBIT Margin	8.42%	14.56%	14.75%	41.93%	48.19%	35.42%
Effective Tax Rate	29.75%	23.62%	25.75%	26.17%	27.04%	25.59%
Revenue as Reported	99,111	108,987	124,583	164,090	214,568	107,771

Source: S&P Global Market Intelligence. Standard template. Financial Sources.