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2mo Edited

In FY24 we delivered strong second half results and had one of the most significant years in our history, as we accelerated the transformation of our portfolio to produce commodities critical for a low-carbon future. Today we’ve released our FY24 full year financial results and published our Annual Reporting Suite. See the results and learn more about our portfolio transformation: https://lnkd.in/gnWEB7fq #mining #metals #financialresults

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Today, we released our financial results and outlook for the year ended June 30, 2024. Improved operating performance, disciplined cost management and higher prices for our key commodities lifted our financial results to finish of the year. As a result, we recorded underlying EBITDA of US$1.8 billion with underlying earnings and free cash flow increasing in the second-half of the year. Reflecting our strengthened financial position and disciplined capital allocation, the Board has resolved to pay US$140 million fully-franked ordinary dividend in respect of the second-half of financial year 2024. The Board has also resolved to allocate US$200 million to our capital management program to be returned to shareholders via an on-market share buyback following completion of the Illawarra Metallurgical Coal sale. I'd like to thank our teams around the world for their hard work during the year - one of the most significant in our history. Looking ahead, we are continuing to focus on driving operational performance and discipline in managing our costs. We're also continuing to progress our development projects and growth options as we seek to deliver increasing volumes of base metals. Our outlook is positive as we continue to optimise our business and seek to capitalise on our transformed portfolio, which more than ever is focused on commodities critical to a low carbon future.

MEng, BSc Hons Mech Eng, PMD, Cert Proj Mgt, GCC Factories, GCC M&W (EIT)

2mo

Splendid collective effort, well done South32

Father of 2 legendary daughters, CEO & Non-executive board member

2mo

Well done Graham Kerr

United Switchboards

United Switchboards

2mo

Great news!

Strategic Advisor/Legal Counsel/Director

2mo

Bravo bravo!

Emmanuel Seikaneng

Emmanuel Seikaneng

General worker at 4arrows

2mo

Great news!

Training Specialist

2mo

Exciting times!

Rudzani Ramabulana

Rudzani Ramabulana

Project Controls Specialist at South32 HMM (Hotazel Manganese Mines)

2mo

Great news!

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