Wrap Text
Financial Results for the Half-Year ended 31 December 2024
South32 Limited
(Incorporated in Australia under the Corporations Act 2001)
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net
FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2024
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for the half year ended
31 December 2024.
This statement includes the consolidated results of the South32 Group for the half year ended 31 December 2024
compared with the half year ended 31 December 2023.
Key Financials Half year ended
Half year ended 31 December 2023
US$M 31 December 2024 Restated(1) Change (%)
Revenue from continuing operations 3,123 2,507 25
Ordinary dividend per share (US cents) 3.4 0.4 750
Special dividend per share (US cents) - - -
(1) Refer to note 9 Disposal of subsidiaries and joint operations of South32's Financial Results and Outlook for the half year ended 31 December
2024.
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
H1 FY24
US$M H1 FY25 Restated(1)
Profit/(loss) attributable to ordinary equity holders of South32 Limited 360 53
Adjusted for
Net (gain)/loss from disposal and write-off of property, plant and equipment and
intangibles 1 (8)
Net (gain)/loss on disposal of a discontinued operation 47 -
Net (gain)/loss from the disposal or write-off of property, plant and equipment and
intangibles, and related compensation received, net of tax, included in the share of
profit/(loss) of equity accounted investments (23) 6
Total tax expense/(benefit) on the above items - 2
Headline Earnings 385 53
Diluted Headline Earnings 385 53
Earnings per share denominator (millions) 4,515 4,523
(1)
Diluted earnings per share denominator (millions) 4,528 4,523
Headline Earnings per share
Headline Earnings per share (US cents) 8.5 1.2
Diluted Headline Earnings per share (US cents) 8.5 1.2
(1) The Diluted Headline Earnings per share calculation for H1 FY24 has been restated to exclude 14,096,221 shares contingently issuable under
employee share ownership plans, subject to service and performance conditions, which are considered anti-dilutive due to the numerator being
restated to reflect a statutory loss from continuing operations. Refer to note 5 Earnings per share of South32's Financial Results and Outlook for
the half year ended 31 December 2024.
2025 Interim Dividend
The Board has resolved to pay an interim dividend of US 3.4 cents per share (fully franked) for the half year ended 31
December 2024.
The record date for determining entitlements to dividends is 7 March 2025; payment date is 3 April 2025.
Dividends announced Dividend per share (US
Period cents) US$M Franking Pay-out ratio
H1 FY23 4.9 224 100 % 40 %
H2 FY23 3.2 145 100 % 41 %
H1 FY24 0.4 18 100 % 45 %
H2 FY24 3.1 140 100 % 41 %
H1 FY25 3.4 154 100% 41%
South32 Limited shareholders registered on the South African branch register will not be able to dematerialise or
rematerialise their shareholdings between Wednesday, 5 March 2025 and Friday, 7 March 2025 (both dates inclusive),
nor will transfers to/from the South African branch register be permitted between Thursday, 27 February 2025 and
Friday, 7 March 2025 (both dates inclusive).
Details of the current exchange rates applicable for the dividend will be announced to the relevant stock exchanges.
Further dividend information is available on our website (www.south32.net).
South32 American Depositary Receipts (ADRs) each represent five fully paid ordinary shares in South32 and ADR
holders will receive dividends accordingly, subject to the terms of the Depositary Agreement.
Dividends timetable Date
Announce currency conversion into South African rand by 11h00 28 February 2025
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE) 4 March 2025
Ex-dividend date on the JSE 5 March 2025
Ex-dividend date on the Australian Stock Exchange (ASX) and London Stock Exchange
(LSE) 6 March 2025
Record date (including currency election date for ASX) 7 March 2025
Payment date 3 April 2025
Short Form Announcement
This short form announcement is the responsibility of the directors and represents a summary of the information in
the full announcement and does not contain full or complete details. Any investment decision by investors and/or
shareholders should be based on consideration of the full announcement.
The full announcement has been released on the JSE at:
https://senspdf.jse.co.za/documents/2025/jse/isse/s32/HY25.pdf. It is also accessible on the Company's website at
www.south32.net. Copies of the full announcement may be requested, at no charge, by contacting Investor Relations
at InvestorRelations@south32.net.
About us
Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations
to come. We are trusted by our owners and partners to realise the potential of their resources. We produce minerals
and metals critical to the world's energy transition from operations across the Americas, Australia and Southern Africa
and we are discovering and responsibly developing our next generation of mines. We aspire to leave a positive legacy
and build meaningful relationships with our partners and communities to create brighter futures together.
Investor Relations
Ben Baker
T +61 8 9324 9363
M +61 403 763 086
E Ben.Baker@south32.net
Media Relations
Jamie Macdonald Miles Godfrey
T +61 8 9324 9000 T +61 8 9324 9000
M +61 408 925 140 M +61 415 325 906
E Jamie.Macdonald@south32.net E Miles.Godfrey@south32.net
Further information on South32 can be found at www.south32.net.
JSE Sponsor: The Standard Bank of South Africa Limited
13 February 2025
Date: 13-02-2025 07:10:00
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