Full Year 2024 Deterra Royalties Ltd Earnings Call Transcript
Key Points
- Revenue increased by 5% to $241 million, driven by stronger pricing.
- High EBITDA margin of 95%, showcasing the efficiency of the business model.
- Net profit after tax reached $155 million.
- Declared a fully franked final dividend of $0.144 per share, representing 100% of NPAT.
- Acquisition of Trident Royalties to diversify and grow the portfolio, providing immediate cash flow and future growth potential.
- Operating expenses increased by 6.5% year-on-year, reflecting wage and cost inflation.
- No capacity payment received for Mining Area C in FY24 due to lower sales volumes.
- Increased business development costs, up from $1.4 million in FY23 to $3.5 million in FY24.
- Net financing costs rose to $1.7 million, primarily due to increased credit facilities.
- Exposure to foreign exchange risk resulted in a non-cash fair value adjustment of negative $4.2 million.
Good day, and thank you for standing by. Welcome to Deterra Royalties at FY results 2024 conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
It is now my pleasure to hand you over to the Chief Executive Officer and Managing Director, Mr. Julian Andrews. Please go ahead.
Thank you. Good morning, and welcome to Deterra Royalties full-year FY 2024 results call. I'm Julian Andrews, MD and CEO of Deterra, and I'm joined today by Jason Clifton, our Chief Financial Officer. I will begin with some introductory remarks touching on the highlights of the year, and then Jason will provide a review of our financial results. Following that, I'll provide some comments on our approach to growth and the outlook in that regard and then we'll hand back to the operator and open the line for questions.
Starting with page 3. Once again, I'm pleased to be reporting another period of strong financial performance
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
