InvestSMART

South32 Limited (ASX: S32) - Financials

Current share price for S32 : $5.255 0.045 (0.86%)+

South32 Limited is a global mining and metals company, producing commodities that are used in many aspects of modern life and will play a critical role in a low-carbon future. They produce commodities including bauxite, alumina, aluminium, copper, zinc, lead, silver, nickel, manganese and metallurgical coal from our operations in Australia, Southern Africa and South America. Their operations, development projects and options, and exploration prospects are diversified by commodity and geography.

S32 Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2026 $1.89 53 ¢ 30.4 ¢ 13.5 ¢ 100% $3.15 12.1 70% 37.7%
2025 $1.95 45.1 ¢ 20 ¢ 9.9 ¢ 100% $3.00 16.6 118.7% -18.2%
2024 $1.83 37.4 ¢ 7.6 ¢ 5.3 ¢ 100% $2.99 44.9 324.7% -1%

S32 Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$2,694,715 $363,954 $1,937,691 12% $0.00 $14,121,415 88%
Note: All dollars in thousands ('000) for the table above

S32 Historical Financials

2026 2025 2024
Revenue ($M) 8,467 8,824.4 8,271.4
Operating Margin (%) 29.9 22.8 14
Depreciation ($M) -729.4 -740.5 -848.4
Amortisation ($M) -9 -92
Net Profit Before Abs ($M) 1,362.6 905.3 342.7
Net Profit After Abs ($M) 1,582.5 325.2 -306.5
Income Tax Rate (%) 22.5 49.1 14.2
Net Profit Margin (%) 16.1 10.3 4.1
Employees ($T) 6.9 8.9 9.9
Long Term Debt ($M) 1,937.7 2,087 2,027.5
Shareholders Equity ($M) 14,121.4 13,503.8 13,526.6
Return on Capital (%) 10 7 4
Return on Equity (%) 9.7 6.7 2.5
Payout Ratio (%) 45 50 70

S32 Cashflow

2026 2025 2024
Customer Receipts ($M)
Net Operating Cashflow ($M) 2,379 2,038 1,689
Net Investing Cashflow ($M) -1,451 -31 -1,673
Net Financing Cashflow ($M) -380 -618 -630

S32 Market & Earnings

2026 2025 2024
Market Cap ($M) 17,497 13,106 16,577
Net Gearing (%) -2.9 -0.5 8.1
Net Interest Cover (%) -154 -12.8 13.2
Dividend Yield (%) 3.4 3.2 1.4
NTA Per Share ($) 3.08 2.93 2.91
EBITDA ($M) 2,532 2,008 1,159
EBIT ($M) 1,793.6 1,267.2 218.9
EBT Before Abs ($M) 1,805.2 1,366.4 202.3

S32 Balance Sheet

2026 2025 2024
Cash ($M) 3,107 2,560 1,271
Debtors ($M) 493.5 622.9 957.1
Other Debtors ($M) 759.9 612.2
Prepayments ($M)
Inventories ($M) 1,182 1,427 1,487
Current Investments ($M) 17.47 10.69 1.51
Other Current Assets ($M) 74.2 99.2 169.1
Total Current Assets ($M) 5,634 5,800 6,641
Receivables ($M) 2,709 3,053 3,145
Inventories ($M) 46.6 55 95.1
Property, Plant & Equipment ($M) 10,246 9,815 9,817
Accumulated Depreciation ($M)
Intangibles ex. Goodwill ($M) 109.2 87 333.6
Goodwill ($M) 202.4 212.2
Future Income Tax Benefit ($M) 723.5 742 726.1
Non-Current Investments ($M) 1,407.8 1,181.7 732.2
Other Non-Current Assets ($M) 17.47 10.69 15.1
Total Non-Current Assets ($M) 15,462 15,157 14,864
Total Assets ($M) 21,096 20,957 21,505
Accounts Payable ($M) 1,109 1,224 1,215
Provisions ($M) 438.2 343.5 292.9
Short Term Debt ($M) 757 407.6 336.7
Other Current Liabilities ($M) 8.73 12.21 73.97
Total Current Liabilities ($M) 2,313 2,391 2,784
Creditors ($M) 1.51
Long Term Debt ($M) 1,938 2,087 2,027
Provisions ($M) 2,671 2,838 3,123
Other Non-Current Liabilities ($M) 32 119.1 25.7
Total Non-Current Liabilities ($M) 4,641 5,044 5,178
Total Liabilities ($M) 6,954 7,435 7,962
Share Capital ($M) 19,087 20,053 19,887
Reserves ex. Share Premium ($M) -5,075 -5,446 -5,397
Share Premium Reserve ($M)
Retained Profits ($M) 109.2 -1,103.8 -963.2
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M) 20.4 18.3 16.6
Total Shareholders Equity ($M) 14,142 13,522 13,543

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