FINANCIAL HIGHLIGHTS  

BALANCE SHEET

In US$ millionsFY 2023FY 2024FY 2025H1 2026
Long-term investments491517551565
Working capital555826987943
Total Investments1,0461,3431,5381,508
Equity786824894896
Gross debt392662800819
Cash-132-143-156-207
Adj Net Debt260519644612
Total Capital1,0461,3431,5381,508

INCOME STATEMENT

In US$ millions, unless stated otherwiseFY 2023FY 2024FY 2025H1 2026
Sales volume (Thousand MT)44,7825,1962,365
Sales revenue4,1244,7825,9772,811
Operating margin201207279115
Operating margin: US$ per MT46435449
Net profit - reported41395412

STATEMENT OF CASH FLOWS

In US$ millionsFY 2023FY 2024FY 2025H1 2026
Operating cash flows before operating assets and liabilities changes11111417363
Changes in operating assets and liabilities204-255-15740
Net cash flows from/(used in) operating activities262-183-4179
Net cash flows used in investing activities-73-57-53-37
Net cash flows (used in)/ from financing activities-1572549712
Net change in cash and cash equivalents3214354
Cash and cash equivalents at beginning of the financial year103132143156
Effect of changes in exchange rate on cash and cash equivalents-3-310-4
Cash and cash equivalents at end of the financial year132143156206

FINANCIAL RATIOS

FY 2023FY 2024FY 2025H1 2026
Earnings per share (US cents)2.702.593.570.79
Net asset value per share (US cents)52.2354.9760.1060.35
Debt: equity0.500.800.900.91
Net debt: equity0.330.630.720.68