Wrap Text
Financial Results For The Year Ended 30 June 2024
Short Form Announcement
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
29 August 2024
Financial Results For The Year Ended 30 June 2024
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for the year ended
30 June 2024.
This statement includes the consolidated results of the South32 Group for the year ended 30 June 2024 compared
with the year ended 30 June 2023.
Key Financials
Year ended
Year ended 30 June 2023
US$M 30 June 2024 Restated(1) Change (%)
Revenue from continuing operations 5,479 5,646 (3%)
Ordinary dividend per share (US cents) 3.5 8.1 (57%)
Special dividend per share (US cents) — — —
(1) Refer to note 30 Asset and liabilities held for sale and discontinued operations of South32's Annual Report for the year ended 30 June 2024.
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
US$M FY24 FY23
Profit/(loss) attributable to ordinary equity holders of South32 Limited (203) (173)
Adjusted for
Net (gain)/loss from disposal and write-off of property, plant and equipment and
intangibles 12 (136)
Net impairment (reversal)/loss 604 1,300
Net (gain)/loss from disposal and write-off of property, plant and equipment and
intangibles, net of tax, included in the share of profit/(loss) of equity accounted
investments 11 —
Total tax expense/(benefit) on the above items (130) 42
Headline Earnings 294 1,033
Diluted Headline Earnings 294 1,033
Earnings per share denominator (millions) 4,519 4,572
Diluted earnings per share denominator (millions)(1) 4,519 4,572
Headline Earnings per share
Headline Earnings per share (US cents) 6.5 22.6
Diluted Headline Earnings per share (US cents) 6.5 22.6
(1) The diluted earnings per share calculation excludes 17,831,040 (FY23: 26,994,090) shares contingently issuable under employee share
ownership plans, subject to service and performance conditions, which are considered anti-dilutive.
2024 Final Dividend
The Board has resolved to pay a final dividend of US 3.1 cents per share (fully franked) for the year ended 30 June
2024.
The record date for determining entitlements to dividends is 20 September 2024; payment date is 17 October 2024.
Dividends announced Dividend per share (US
Period cents) US$M Franking Pay-out ratio
H1 FY22 8.7 405 100 % 40 %
H2 FY22 14.0 648 100 % 41 %
August 2022 special dividend 3.0 139 100 % N/A
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 %
South32 Limited shareholders registered on the South African branch register will not be able to dematerialise or
rematerialise their shareholdings between Wednesday, 18 September 2024 and Friday, 20 September 2024 (both
dates inclusive), nor will transfers to/from the South African branch register be permitted between Friday,
13 September 2024 and Friday, 20 September 2024 (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 16 September 2024
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE) 17 September 2024
Ex-dividend date on the JSE 18 September 2024
Ex-dividend date on the Australian Stock Exchange (ASX) and London Stock Exchange
(LSE) 19 September 2024
Record date (including currency election date for ASX) 20 September 2024
Payment date 17 October 2024
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/2024/jse/isse/s32/FY2024.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
South32 is a globally diversified mining and metals company. 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 commodities including bauxite, alumina, aluminium,
copper, zinc, lead, silver, nickel, manganese and metallurgical coal from our operations in Australia, Southern Africa
and South America. We also have a portfolio of high-quality development projects and options, and exploration
prospects, consistent with our strategy to reshape our portfolio towards commodities critical for a low-carbon future.
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
29 August 2024
Date: 29-08-2024 07:15:00
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