FINANCIAL HIGHLIGHTS  

BALANCE SHEET

In US$ millionsFY 2022FY 2023FY 2024H1 2025
Long-term investments447491517540
Working capital766555826962
Total Investments1,2131,0461,3431,502
Equity775786824874
Gross debt541392662830
Cash-103-132-143-202
Adj Net Debt438260519628
Total Capital1,2131,0461,3431,502

INCOME STATEMENT

In US$ millions, unless stated otherwiseFY 2022FY 2023FY 2024H1 2025
Sales volume (Thousand MT)4,2934,3354,7822,537
Sales revenue5,4294,1234,7822,989
Operating margin301201207147
Operating margin: US$ per MT70464358
Net profit - reported114413938

STATEMENT OF CASH FLOWS

In US$ millionsFY 2022FY 2023FY 2024H1 2025
Net cash flows from/(used in) operating activities-106262-183-74
Net cash flows used in investing activities-66-73-57-20
Net cash flows (used in)/ from financing activities111-157254142
Net change in cash and cash equivalents-61321448
Cash and cash equivalents at beginning of the financial year172102132143
Effect of changes in exchange rate on cash and cash equivalents-8-3-311
Cash and cash equivalents at end of the financial year103132143202

FINANCIAL RATIOS

FY 2022FY 2023FY 2024H1 2025
Earnings per share (US cents)7.572.702.592.51
Net asset value per share (US cents)51.3052.2354.9758.31
Debt: equity0.570.500.800.95
Net debt: equity0.570.330.630.72