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METRO MINING LIMITED — Earnings Release 2024
Feb 27, 2025
65351_rns_2025-02-27_fe783b43-40c4-470e-b231-4a894694ae11.pdf
Earnings Release
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Metro Mining Limited and Controlled Entities
ABN 45 117 763 443
Appendix 4E
Results for announcement to the market
(all comparisons to 12 months ended 31 December 2024)
| Results for announcement to the market(all comparisons to 12 months ended 31 December 2024) | |||
|---|---|---|---|
| Revenue from ordinary activitiesLoss for the year from continuing operationsUnderlying profit before tax from ordinary activities(i)Underlying EBITDA from ordinary activities(i) | $’000s | Movement | Movement% |
| 307,337(22,001)1,01037,216 | IncreasedIncreasedIncreasedIncreased | 30.3263.19109.29100.47 |
(i) The financial results of Metro Mining Limited are reported under International Financial Reporting Standards (IFRS). These results include certain non-IFRS measures including Underlying Profit / (Loss) before Tax from Ordinary Activities and Underlying EBITDA from Ordinary Activities. These measures are consistent with measures used internally and are presented to enable understanding of the underlying performance of the Company. Non-IFRS measures have not been subject to audit or review. A reconciliation to Profit / (Loss) before Tax from Continuing Operations is included below.
Dividend information
No dividends were declared or paid during the financial year.
Net tangible assets per security
| Net tangible assets per security | ||
|---|---|---|
| Net tangible assets per security | 31 Dec 2024 | 31 Dec 2023 |
| $0.006 | $0.002 |
Reconciliation of profit before tax from continuing operations to underlying EBITDA from ordinary activities
| Loss before tax from continuing operationsForeign exchange lossLoss on loan modificationWrite-off of capitalised borrowing costsLease accounting adjustmentsUnderlying profit / (loss) before taxNet finance costs (excluding leasing expense)Depreciation and amortisationUnderlying EBITDA from ordinary activities | 12 Months | 12 Months |
|---|---|---|
| 31 Dec 2024 | 31 Dec 2023 | |
| $’000s | $’000s | |
| (22,001)20,8392,2711,383(1,482) | (13,482)2,035572-- | |
| 1,01018,17818,028 | (10,875)12,72516,714 | |
| 37,216 | **18,564 ** |
This information should be read in conjunction with the 31 December 2024 Annual Report.
Additional information supporting the Appendix 4E disclosure requirements can be found in the Directors’ Report and the consolidated financial statements for the year ended 31 December 2024. This report is based on the consolidated financial statements for the year ended 31 December 2024 which have been audited by Ernst & Young.
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