MIN handed in thier 'report Card' in Release Date: 28/08/24 19:22

Its a B - minus - the markets have played havoc here:

• Revenue of $5,278M, up 10% (FY23: $4,779M). -
• Underlying EBITDA of $1,057M, down 40% (FY23: $1,754M).
• - Underlying Net Profit After Tax (NPAT) of $158M, down 79% (FY23: $769M).
• Statutory NPAT of $114M, down 53% (FY23: $244M).
• - Operating cash flow before financing and tax of $1,909M, up 9% (FY23: $1,750M), including iron ore customer prepayments of $600M. Excluding the iron ore prepayments, cash conversion was 124%

• Strong liquidity position maintained during peak investment for Onslow Iron
• - Completed US$1,100M Senior Unsecured Notes Offering in October 2023.
• - Executed an iron ore customer prepayment of US$400M ($600M).
• - Available liquidity of $2,833M (FY23: $1,791M), including cash of $908M (FY23: $1,379M). -
• Net debt of $4,428M (FY23: $1,896M).

Presentation

Performance:

CommSec | Quotes & Research

Return (inc div)   1yr: -30.44%   3yr: -4.00% pa   5yr: 31.93% pa