Cash flow Metals Exploration plc

Equities

MTL

GB00B0394F60

Gold

Market Closed - London S.E. Other stock markets 16:35:24 19/01/2026 GMT			5-day change	1st Jan Change
15.45 ^GBX	+2.32%		+8.04%	+1.64%

12-16	Metals Exploration plc Raises Funds via Option Exercise	MT
12-09	Metals Exploration plc Says Gold Project in Nicaragua Progressing Ahead of Schedule	MT

56eaa57b7848afc5b1.EZZNzCg0A5BDlOlBuFbpjvBGruTNnuYFhgLWZ6aWFNQ.XPgV-m0FR-B3xZAMyRyo4pk8wt2P9aoy6GWRONK7JaEm2C-WGUI6vTbBgg

Published financial data: METALS EXPLORATION PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Revenues	122M	130M	124M	167M	191M
Total Revenues	122M	130M	124M	167M	191M
Cost of Goods Sold, Total	83.26M	91.98M	91.67M	129M	131M
Gross Profit	38.84M	37.87M	32.74M	37.26M	60.25M
Selling General & Admin Expenses, Total	8.38M	8.48M	8.92M	8.09M	8.98M
Provision for Bad Debts	-	-	-	-	5.9M
Stock-Based Compensation (IS)	-	10.98K	102K	31.37K	674K
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	17.52K	338K	-	-	900K
Other Operating Expenses	-	-	4.88K	29.76K	-
Other Operating Expenses, Total	8.4M	8.82M	9.03M	8.15M	16.46M
Operating Income	30.44M	29.04M	23.71M	29.11M	43.8M
Interest Expense, Total	-17.03M	-15.03M	-13.43M	-10.73M	-2.33M
Interest And Investment Income	806	-	1.39K	374	149K
Net Interest Expenses	-17.03M	-15.03M	-13.43M	-10.73M	-2.18M
Income (Loss) On Equity Invest.	2.62K	18.23K	-76.85K	15.97K	12.03K
Currency Exchange Gains (Loss)	-1.63M	-898K	-267K	3.42M	-744K
Other Non Operating Income (Expenses)	-2.04M	-2.13M	-1.27M	-900K	-6.24M
EBT, Excl. Unusual Items	9.74M	10.99M	8.67M	20.92M	34.64M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-78.21K	-	-	-
Asset Writedown	24.71K	388K	-2.4K	98.64M	-
EBT, Incl. Unusual Items	9.77M	11.3M	8.67M	120M	34.64M
Income Tax Expense	19.75K	11.77K	-87.32K	307K	9.06M
Earnings From Continuing Operations	9.75M	11.29M	8.75M	119M	25.58M
Net Income to Company	9.75M	11.29M	8.75M	119M	25.58M
Minority Interest	-	-	-	-	10.21K
Net Income - (IS)	9.75M	11.29M	8.75M	119M	25.59M
Net Income to Common Incl Extra Items	9.75M	11.29M	8.75M	119M	25.59M
Net Income to Common Excl. Extra Items	9.75M	11.29M	8.75M	119M	25.59M
Per Share Items
Net EPS - Basic	0	0.01	0	0.06	0.01
Basic EPS - Continuing Operations	0	0.01	0	0.06	0.01
Basic Weighted Average Shares Outstanding	2.07B	2.07B	2.08B	2.09B	1.99B
Net EPS - Diluted	0	0.01	0	0.06	0.01
Diluted EPS - Continuing Operations	0	0.01	0	0.06	0.01
Diluted Weighted Average Shares Outstanding	2.1B	2.19B	2.1B	2.11B	2.01B
Normalized Basic EPS	0	0	0	0.01	0.01
Normalized Diluted EPS	0	0	0	0.01	0.01
Supplemental Items
EBITDA	47.39M	48.72M	46.17M	80.6M	97.96M
EBITA	30.44M	29.04M	23.71M	29.11M	43.8M
EBIT	30.44M	29.04M	23.71M	29.11M	43.8M
Effective Tax Rate - (Ratio)	0.2	0.1	-1.01	0.26	26.17
Total Current Taxes	11.22K	14.81K	54.38K	410K	8.95M
Total Deferred Taxes	8.53K	-3.04K	-142K	-104K	119K
Normalized Net Income	6.09M	6.87M	5.42M	13.07M	21.66M
Interest on Long-Term Debt	17.03M	15.03M	13.43M	10.73M	-
Non-Cash Pension Expense	706K	68.46K	83.75K	136K	130K
Supplemental Operating Expense Items
General and Administrative Expenses	8.38M	8.34M	8.91M	8.07M	8.97M
Stock-Based Comp., Other (Total)	-	10.98K	102K	177K	844K
Total Stock-Based Compensation	-	10.98K	102K	177K	844K

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Assets
Cash And Equivalents	8.93M	4.74M	861K	340K	31.22M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	8.93M	4.74M	861K	340K	31.22M
Accounts Receivable, Total	7.96M	3.99M	5.81M	3.04M	10.89M
Other Receivables	3.52M	1.78M	2.13M	1.74M	-
Total Receivables	11.48M	5.77M	7.94M	4.78M	10.89M
Inventory	14.62M	17.22M	21.22M	18.7M	18.12M
Prepaid Expenses	329K	202K	196K	224K	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	35.36M	27.92M	30.21M	24.04M	60.24M
Gross Property Plant And Equipment	164M	176M	184M	295M	301M
Accumulated Depreciation	-61.27M	-80.5M	-103M	-154M	-208M
Net Property Plant And Equipment	103M	95.94M	81.46M	141M	93.54M
Long-term Investments	164K	182K	105K	121K	133K
Goodwill	-	-	-	-	-
Other Intangibles, Total	52.03K	70.12K	33.05K	7.66K	620K
Loans Receivable Long-Term	-	-	-	-	2.5M
Other Long-Term Assets, Total	5.5M	5.53M	8.8M	16.72M	17.25M
Total Assets	144M	130M	121M	181M	174M
Liabilities
Accounts Payable, Total	5.6M	4.07M	8.71M	8.86M	8.14M
Accrued Expenses, Total	3.96M	4.32M	2.82M	5.89M	2.39M
Short-term Borrowings	-	-	-	-	6.89M
Current Portion of Long-Term Debt	29.26M	23.83M	30M	23.9M	-
Current Income Taxes Payable	99.08K	173K	148K	222K	8.18M
Other Current Liabilities	2.38M	2.09M	1.06M	1.44M	7.08M
Total Current Liabilities	41.3M	34.5M	42.74M	40.32M	32.68M
Long-Term Debt	98.15M	78.86M	51.98M	-	-
Pension & Other Post Retirement Benefits	1.8M	1.95M	2.46M	2.47M	3.15M
Deferred Tax Liability Non Current	809K	806K	574K	545K	557K
Other Non Current Liabilities	3.29M	4.02M	5.08M	4.22M	4.34M
Total Liabilities	145M	120M	103M	47.55M	40.74M
Common Stock, Total	27.95M	27.95M	282K	283K	235K
Additional Paid In Capital	196M	196M	-	144K	313K
Retained Earnings	-239M	-226M	7M	128M	153M
Treasury Stock	-	-	-	-	-25.35M
Comprehensive Income and Other	14.15M	11.26M	10.48M	5.73M	4.59M
Total Common Equity	-1.11M	9.52M	17.76M	134M	133M
Minority Interest	-	-	-	-	397K
Total Equity	-1.11M	9.52M	17.76M	134M	134M
Total Liabilities And Equity	144M	130M	121M	181M	174M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.07B	2.07B	2.09B	2.1B	1.73B
ECS Total Common Shares Outstanding	2.07B	2.07B	2.09B	2.1B	1.73B
Book Value / Share	-0	0	0.01	0.06	0.08
Tangible Book Value	-1.16M	9.45M	17.73M	134M	133M
Tangible Book Value Per Share	-0	0	0.01	0.06	0.08
Total Debt	127M	103M	81.98M	23.9M	6.89M
Net Debt	118M	97.95M	81.12M	23.56M	-24.33M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	397K
Equity Method Investments, Total	164K	182K	105K	121K	133K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	11.98M	14.74M	17.49M	17.84M	17.35M
Inventories - Work In Process, Total	2.16M	1.48M	1.43M	1.25M	1.3M
Inventories - Finished Goods, Total	732K	1.25M	2.84M	1.85M	2.5M
Land - (BS)	-	-	-	-	-
Buildings, Total	3.87M	4.16M	4.16M	4.17M	4.17M
Machinery, Total	108M	112M	116M	155M	158M
Full Time Employees	719	814	791	786	859

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Net Income	9.75M	11.29M	8.75M	119M	25.59M
Depreciation & Amortization - CF	16.93M	19.34M	22.46M	51.49M	53.27M
Impairment of Oil, Gas & Mineral Properties - (CF)	17.52K	338K	-	-	900K
Depreciation & Amortization, Total	16.94M	19.68M	22.46M	51.49M	54.17M
Amortization of Deferred Charges, Total - (CF)	56.46K	27.91K	37.07K	-	7.66K
(Gain) Loss From Sale Of Asset	-	78.21K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-24.71K	-388K	2.4K	-98.22M	-
(Income) Loss On Equity Investments - (CF)	-2.62K	-18.23K	76.85K	-15.97K	-12.03K
Stock-Based Compensation (CF)	-	10.98K	368K	177K	844K
Provision and Write-off of Bad Debts	1.3M	1.5M	1.2M	900K	5.9M
Other Operating Activities, Total	3.11M	1.67M	13.78M	8.15M	13.19M
Change In Accounts Receivable	-10.38M	4.29M	275K	-10.05M	-14.15M
Change In Inventories	-5.14M	-2.6M	-4M	820K	-1.71M
Change In Accounts Payable	12.53M	10.97M	-4.77M	2.06M	1.65M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	28.13M	46.52M	38.19M	74.56M	85.47M
Capital Expenditure	-12.73M	-11.88M	-8.23M	-10.25M	-6.05M
Sale of Property, Plant, and Equipment	250K	60K	-	-	-
Cash Acquisitions	-	-	-	-	-497K
Sale (Purchase) of Intangible assets	-76.44K	-45.99K	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-2.5M
Other Investing Activities, Total	-	-	-	-	149K
Cash from Investing	-12.56M	-11.87M	-8.23M	-10.25M	-8.9M
Long-Term Debt Issued, Total	-	-	-	-	6.89M
Total Debt Issued	-	-	-	-	6.89M
Long-Term Debt Repaid, Total	-11.33M	-39.68M	-32M	-61.43M	-23.9M
Total Debt Repaid	-11.33M	-39.68M	-32M	-61.43M	-23.9M
Issuance of Common Stock	-	-	-	280	2.5K
Repurchase of Common Stock	-	-	-	-	-25.35M
Other Financing Activities, Total	-	-	-1.82M	-3.37M	-3.34M
Cash from Financing	-11.33M	-39.68M	-33.82M	-64.8M	-45.69M
Foreign Exchange Rate Adjustments	-139K	831K	-15.08K	-32.7K	4.39K
Miscellaneous Cash Flow Adjustments	10K	-	-	-	-
Net Change in Cash	4.11M	-4.19M	-3.88M	-521K	30.88M
Supplemental Items
Cash Interest Paid	-	-	1.82M	3.37M	3.34M
Levered Free Cash Flow	-3.09M	18.42M	16.71M	62.24M	78.93M
Unlevered Free Cash Flow	7.56M	27.81M	25.1M	68.95M	80.39M
Change In Net Working Capital	15.66M	-1.87M	4.08M	-9.34M	-4.05M
Net Debt Issued / Repaid	-11.33M	-39.68M	-32M	-61.43M	-17.01M

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Profitability
Return on Assets	13.91	13.25	11.84	12.05	15.39
Return on Total Capital	16.08	15.22	13.98	14.13	18.35
Return On Equity %	-130.94	268.47	64.16	157.22	19.12
Return on Common Equity	-130.94	268.47	64.16	157.22	19.16
Margin Analysis
Gross Profit Margin %	31.81	29.16	26.32	22.35	31.52
SG&A Margin	6.86	6.53	7.17	4.85	4.7
EBITDA Margin %	38.81	37.52	37.11	48.36	51.25
EBITA Margin %	24.93	22.37	19.06	17.47	22.91
EBIT Margin %	24.93	22.37	19.06	17.47	22.91
Income From Continuing Operations Margin %	7.98	8.7	7.04	71.54	13.38
Net Income Margin %	7.98	8.7	7.04	71.54	13.39
Net Avail. For Common Margin %	7.98	8.7	7.04	71.54	13.39
Normalized Net Income Margin	4.99	5.29	4.36	7.84	11.33
Levered Free Cash Flow Margin	-2.53	14.18	13.43	37.34	41.29
Unlevered Free Cash Flow Margin	6.19	21.42	20.18	41.37	42.06
Asset Turnover
Asset Turnover	0.89	0.95	0.99	1.1	1.07
Fixed Assets Turnover	1.16	1.3	1.4	1.5	1.63
Receivables Turnover (Average Receivables)	30	21.73	25.4	37.68	27.44
Inventory Turnover (Average Inventory)	6.91	5.78	4.77	6.49	7.11
Short Term Liquidity
Current Ratio	0.86	0.81	0.71	0.6	1.84
Quick Ratio	0.49	0.3	0.21	0.13	1.29
Operating Cash Flow to Current Liabilities	0.68	1.35	0.89	1.85	2.62
Days Sales Outstanding (Average Receivables)	12.2	16.8	14.37	9.69	13.34
Days Outstanding Inventory (Average Inventory)	52.97	63.17	76.52	56.28	51.47
Average Days Payable Outstanding	32.47	18.65	24.39	25.28	23.88
Cash Conversion Cycle (Average Days)	32.7	61.32	66.5	40.69	40.93
Long Term Solvency
Total Debt/Equity	-11.46K	1.08K	461.53	17.84	5.16
Total Debt / Total Capital	100.88	91.51	82.19	15.14	4.91
LT Debt/Equity	-8.83K	827.97	292.64	-	-
Long-Term Debt / Total Capital	77.71	70.27	52.11	-	-
Total Liabilities / Total Assets	100.77	92.65	85.27	26.2	23.37
EBIT / Interest Expense	1.79	1.93	1.76	2.71	18.77
EBITDA / Interest Expense	2.78	3.24	3.44	7.51	41.99
(EBITDA - Capex) / Interest Expense	2.03	2.45	2.82	6.56	39.4
Total Debt / EBITDA	2.69	2.11	1.78	0.3	0.07
Net Debt / EBITDA	2.5	2.01	1.76	0.29	-0.25
Total Debt / (EBITDA - Capex)	3.68	2.79	2.16	0.34	0.07
Net Debt / (EBITDA - Capex)	3.42	2.66	2.14	0.33	-0.26
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	29.51	6.34	-4.18	33.98	14.68
Gross Profit, 1 Yr. Growth %	110.39	-2.51	-13.53	13.79	69.44
EBITDA, 1 Yr. Growth %	159.6	2.81	-4.58	74.58	24.26
EBITA, 1 Yr. Growth %	242.05	-4.61	-17.41	22.78	62.55
EBIT, 1 Yr. Growth %	242.05	-4.61	-17.41	22.78	62.55
Earnings From Cont. Operations, 1 Yr. Growth %	-28.91	19.96	-22.48	1.26K	-78.55
Net Income, 1 Yr. Growth %	-28.91	19.96	-22.48	1.26K	-78.54
Normalized Net Income, 1 Yr. Growth %	-191.44	5.27	-21.15	141.29	76.66
Diluted EPS Before Extra, 1 Yr. Growth %	-29.24	20.93	-22.97	1.24K	-77.31
Accounts Receivable, 1 Yr. Growth %	4.45K	-49.92	45.64	-47.67	258.32
Inventory, 1 Yr. Growth %	54.25	17.76	23.22	-11.88	-3.06
Net Property, Plant and Equip., 1 Yr. Growth %	-3.57	-7	-15.09	72.6	-33.47
Total Assets, 1 Yr. Growth %	11.53	-10.11	-6.97	50.48	-3.96
Tangible Book Value, 1 Yr. Growth %	-91.59	-912.51	87.55	655.33	-1.04
Common Equity, 1 Yr. Growth %	-91.93	-956.85	86.52	653.97	-0.58
Cash From Operations, 1 Yr. Growth %	105.46	61.46	-17.9	95.24	14.63
Capital Expenditures, 1 Yr. Growth %	12.31	-6.81	-30.75	24.58	-40.94
Levered Free Cash Flow, 1 Yr. Growth %	-57.14	-696.18	-8.23	266.69	28.79
Unlevered Free Cash Flow, 1 Yr. Growth %	158.79	268.04	-9.06	171.77	18.23
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	41	17.35	0.94	13.3	23.95
Gross Profit, 2 Yr. CAGR %	114.16	43.22	-8.18	-0.8	35.65
EBITDA, 2 Yr. CAGR %	180.29	63.37	-1.29	29.07	45.66
EBITA, 2 Yr. CAGR %	-52.35	80.63	-11.75	0.7	35.9
EBIT, 2 Yr. CAGR %	-52.35	80.63	-11.75	0.7	35.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-76.49	-9.25	-3.57	224.96	70.93
Net Income, 2 Yr. CAGR %	-76.49	-9.25	-3.57	224.96	70.96
Normalized Net Income, 2 Yr. CAGR %	-70.97	1.58	-8.89	37.93	99.94
Diluted EPS Before Extra, 2 Yr. CAGR %	-76.76	-10.55	-1.18	221.66	74.59
Accounts Receivable, 2 Yr. CAGR %	95.17	377.13	-14.59	-12.7	36.93
Inventory, 2 Yr. CAGR %	44.8	34.78	20.46	4.2	-7.58
Net Property, Plant and Equip., 2 Yr. CAGR %	13.26	-5.3	-11.14	21.06	7.16
Total Assets, 2 Yr. CAGR %	20.93	0.13	-8.56	18.31	20.21
Tangible Book Value, 2 Yr. CAGR %	-80.49	-17.31	290.37	276.38	173.4
Common Equity, 2 Yr. CAGR %	-80.9	-16.86	299.77	275	173.78
Cash From Operations, 2 Yr. CAGR %	115.13	84.32	15.13	26.61	49.6
Capital Expenditures, 2 Yr. CAGR %	38.6	2.38	-19.67	-7.12	-14.22
Levered Free Cash Flow, 2 Yr. CAGR %	-69.44	59.86	132.57	84.89	115.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	-57.08	208.62	82.27	58.04	78.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	39.44	28.35	9.68	10.93	13.76
Gross Profit, 3 Yr. CAGR %	-	64.75	21.05	-1.37	16.75
EBITDA, 3 Yr. CAGR %	50.68	100.64	36.25	19.37	26.5
EBITA, 3 Yr. CAGR %	24.69	-39.95	38.63	-1.48	15.12
EBIT, 3 Yr. CAGR %	24.69	-39.95	38.63	-1.48	15.12
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.52	-60	-13.89	133.11	31.32
Net Income, 3 Yr. CAGR %	-17.52	-60	-13.89	133.11	31.34
Normalized Net Income, 3 Yr. CAGR %	-18.39	-54.35	-6.65	26.05	46.62
Diluted EPS Before Extra, 3 Yr. CAGR %	-18.15	-60.62	-13.55	135.83	32.91
Accounts Receivable, 3 Yr. CAGR %	289.97	24.02	221.25	-27.46	39.77
Inventory, 3 Yr. CAGR %	133.28	35.16	30.81	8.54	1.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-23.61	6.06	-8.68	10.87	-0.84
Total Assets, 3 Yr. CAGR %	-17.61	9.55	-2.3	7.96	10.37
Tangible Book Value, 3 Yr. CAGR %	-79.32	-32.37	8.64	386.44	141.12
Common Equity, 3 Yr. CAGR %	-80.31	-32.13	8.84	393.92	140.9
Cash From Operations, 3 Yr. CAGR %	56.24	97.06	40.77	37.3	22.48
Capital Expenditures, 3 Yr. CAGR %	51.5	21.48	-10.13	-7.01	-20.13
Levered Free Cash Flow, 3 Yr. CAGR %	-3.08	-17.74	32.35	172.12	63.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	76.08	-12.15	104.86	108.96	42.8
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	75.41	22.54	22.1	15.18
Gross Profit, 5 Yr. CAGR %	-	-	-	34.49	26.69
EBITDA, 5 Yr. CAGR %	45.3	19.84	27.22	67.95	39.94
EBITA, 5 Yr. CAGR %	43.75	5.76	8.59	-26.32	37.53
EBIT, 5 Yr. CAGR %	43.75	5.76	8.59	-26.32	37.53
Earnings From Cont. Operations, 5 Yr. CAGR %	27.14	-14.31	-12.81	-7.53	13.28
Net Income, 5 Yr. CAGR %	27.14	-14.31	-12.81	-7.53	13.29
Normalized Net Income, 5 Yr. CAGR %	97.81	-16.9	-13.52	-28.96	26.6
Diluted EPS Before Extra, 5 Yr. CAGR %	17.36	30.01	-12.92	-7.91	14.52
Accounts Receivable, 5 Yr. CAGR %	-	4.18	112.43	7.77	128.41
Inventory, 5 Yr. CAGR %	-	94.77	79.08	21.8	13.84
Net Property, Plant and Equip., 5 Yr. CAGR %	-12.58	-16.01	-18.84	11.82	-2.65
Total Assets, 5 Yr. CAGR %	-10.3	-13.17	-14.1	12.97	6.15
Tangible Book Value, 5 Yr. CAGR %	-61.71	-42.43	-33.02	34.38	57.15
Common Equity, 5 Yr. CAGR %	-62.65	-43.36	-34.35	34.47	57.41
Cash From Operations, 5 Yr. CAGR %	38.67	34.19	38.94	65.1	44.24
Capital Expenditures, 5 Yr. CAGR %	-22.84	-13.71	17.58	9.11	-11.79
Levered Free Cash Flow, 5 Yr. CAGR %	-41.49	-16.33	37.55	13.47	61.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	-29.96	-7.6	78.53	10.94	94.07