Full Year 2024 Lycopodium Ltd Earnings Call Transcript
Key Points
- Lycopodium Ltd (LYOPF) achieved record revenue of $349 million and a net profit after tax of $50.7 million for FY24.
- The company declared a fully franked full-year dividend of $0.77, reflecting strong financial health.
- Lycopodium Ltd (LYOPF) maintains a strong balance sheet with negligible debt and net tangible assets per share of $3.5.
- The company successfully completed several major projects, including the Kathleen Valley lithium project and the Sabodala-Massawa BIOX expansion project.
- Lycopodium Ltd (LYOPF) expanded its global presence by opening a new office in Lima, Peru, and continues to service clients across multiple continents.
- 93% of Lycopodium Ltd (LYOPF)'s revenue is heavily concentrated in the mineral resources sector, indicating a lack of diversification.
- The company's price-to-earnings ratio has decreased from around 14 in previous years to 9.8, suggesting a potential decline in market valuation.
- Despite strong financial performance, the company faces challenges in maintaining high staff utilization and managing a large workforce.
- The rollout of the new SAP enterprise resource planning system is still ongoing, which could pose integration and operational risks.
- The company has a high reliance on long-term client relationships and repeat business, which may limit opportunities for new client acquisition.
Thank you very much, and thank you for joining us for our full year results presentation. As the operator said, after the full presentation, there will be some time for questions, so certainly encourage any questions. This morning I also have with me in the room Rod Leonard, our Chairman; and Justine Campbell, our CFO.
So I'll run you through the presentation and give you an update on the business of the company FY24. (inaudible) 32 years ago and headquartered in Perth. And we're active across the mineral resources, rail infrastructure and industrial processes sectors, and this morning I'll talk a lot more about the work the specific activities we have been undertaking across here.
We retain a long standing and stable Board. And as of the close of market yesterday, the price of the share of the company was $14.2 with then earnings per share of $1.276. We've declared a second half dividend of $0.40 to take our full year dividend to $0.77. The dividend has been the case across our history will be fully franked.
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