Income Statement Sylvania Platinum Limited

Equities

SLP

BMG864081044

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 16:35:18 18/09/2024 BST			5-day change	1st Jan Change
46.00 ^GBX	0.00%		-5.93%	-39.47%

09-10	Earnings Flash (SLP.L) SYLVANIA PLATINUM Posts FY24 EPS $0.03	MT
09-10	Earnings Flash (SLP.L) SYLVANIA PLATINUM Reports FY24 Revenue $81.7M	MT

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Published financial data: SYLVANIA PLATINUM LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	70.54M	114M	206M	152M	130M
Total Revenues	70.54M	114M	206M	152M	130M
Cost of Goods Sold, Total	44.85M	48.02M	63.04M	61.82M	61.29M
Gross Profit	25.68M	66.07M	143M	90.12M	68.91M
Selling General & Admin Expenses, Total	1.55M	6.63K	3.42K	2.72K	3.82K
Stock-Based Compensation (IS)	305K	547K	792K	-	-
Depreciation & Amortization - (IS)	49.23K	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	9.5M	-	-	-
Other Operating Expenses	293K	1.87M	1.77M	10.01M	8.17M
Other Operating Expenses, Total	2.2M	11.93M	2.57M	10.02M	8.17M
Operating Income	23.49M	54.14M	140M	80.11M	60.73M
Interest Expense, Total	-98.91K	-92.07K	-83.25K	-91.84K	-71.87K
Interest And Investment Income	1.02M	1.92M	1.71M	1.71M	5.78M
Net Interest Expenses	920K	1.82M	1.62M	1.62M	5.71M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-22.64K	-10.88K	1.09M	-797K	-1.16M
EBT, Excl. Unusual Items	24.38M	55.96M	143M	80.93M	65.29M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	11.95K	-	-	-	1.69M
Asset Writedown	-	-9.98K	-	-	-
Insurance Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	24.39M	55.95M	143M	80.93M	66.98M
Income Tax Expense	6.19M	14.95M	43.41M	24.78M	21.63M
Earnings From Continuing Operations	18.2M	41M	99.81M	56.15M	45.35M
Net Income to Company	18.2M	41M	99.81M	56.15M	45.35M
Net Income - (IS)	18.2M	41M	99.81M	56.15M	45.35M
Net Income to Common Incl Extra Items	18.2M	41M	99.81M	56.15M	45.35M
Net Income to Common Excl. Extra Items	18.2M	41M	99.81M	56.15M	45.35M
Per Share Items
Net EPS - Basic	0.06	0.15	0.37	0.21	0.17
Basic EPS - Continuing Operations	0.06	0.15	0.37	0.21	0.17
Basic Weighted Average Shares Outstanding	286M	280M	272M	272M	267M
Net EPS - Diluted	0.06	0.14	0.36	0.2	0.17
Diluted EPS - Continuing Operations	0.06	0.14	0.36	0.2	0.17
Diluted Weighted Average Shares Outstanding	292M	288M	278M	275M	268M
Normalized Basic EPS	0.05	0.12	0.33	0.19	0.15
Normalized Diluted EPS	0.05	0.12	0.32	0.18	0.15
Dividend Per Share	0.01	0.02	0.06	0.1	0.1
Payout Ratio	7.09	6.96	20.15	40.44	78.19
Supplemental Items
EBITDA	30.03M	69.3M	143M	83.12M	64.54M
EBITA	23.49M	54.14M	140M	80.11M	60.73M
EBIT	23.49M	54.14M	140M	80.11M	60.73M
EBITDAR	30.11M	69.31M	143M	83.13M	64.54M
Effective Tax Rate - (Ratio)	25.38	26.72	30.31	30.62	32.29
Current Foreign Taxes	7.83M	16.33M	42.72M	24.17M	22.2M
Total Current Taxes	7.83M	16.33M	42.72M	24.17M	22.2M
Deferred Foreign Taxes	-1.64M	-1.38M	687K	611K	-574K
Total Deferred Taxes	-1.64M	-1.38M	687K	611K	-574K
Normalized Net Income	15.24M	34.97M	89.51M	50.58M	40.8M
Interest on Long-Term Debt	98.91K	58.18K	33.88K	14.59K	70.58K
Supplemental Operating Expense Items
General and Administrative Expenses	130K	-	-	-	-
Net Rental Expense, Total	86.95K	6.63K	3.42K	2.72K	3.82K
Imputed Operating Lease Interest Expense	203K	11.86K	6.2K	10.88K	5.52K
Imputed Operating Lease Depreciation	-116K	-5.23K	-2.78K	-8.16K	-1.7K
Stock-Based Comp., COGS (Total)	-	-	-	306K	301K
Stock-Based Comp., Other (Total)	305K	683K	855K	596K	581K
Total Stock-Based Compensation	305K	683K	855K	901K	882K

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	21.8M	55.88M	106M	121M	124M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	21.8M	55.88M	106M	121M	124M
Accounts Receivable, Total	31.07M	27.07M	68.61M	51.55M	34.42M
Other Receivables	280K	1.05K	4.33M	4.87M	2.77M
Notes Receivable	-	623K	886K	1.03M	-
Total Receivables	31.35M	27.7M	73.83M	57.46M	37.19M
Inventory	1.83M	2.17M	3.84M	4.26M	5.1M
Other Current Assets, Total	4.16M	3.44M	4.22M	3.77M	1.8M
Total Current Assets	59.14M	89.18M	188M	187M	168M
Gross Property Plant And Equipment	144M	132M	145M	148M	147M
Accumulated Depreciation	-52.73M	-58.42M	-59.95M	-55.3M	-51.7M
Net Property Plant And Equipment	91.08M	73.31M	85.27M	92.39M	95.11M
Long-term Investments	-	-	-	-	-
Loans Receivable Long-Term	557K	-	-	-	-
Deferred Tax Assets Long-Term	1.81M	-	-	-	11.09K
Other Long-Term Assets, Total	-	226K	299K	283K	6.38M
Total Assets	153M	163M	274M	279M	270M
Liabilities
Accounts Payable, Total	6.72M	7.52M	13.65M	5.77M	7.57M
Accrued Expenses, Total	-	-	-	3.78M	5.6M
Current Portion of Leases	188K	216K	213K	48.96K	331K
Current Income Taxes Payable	980	1.2M	-	-	-
Other Current Liabilities	1.33K	24.25K	461	1.57M	362K
Total Current Liabilities	6.91M	8.96M	13.87M	11.17M	13.85M
Long-Term Leases	184K	236K	70.96K	35.03K	381K
Deferred Tax Liability Non Current	14.46M	9.33M	11.15M	11.61M	12.12M
Other Non Current Liabilities	3.48M	3.65M	4.54M	5.94M	4.04M
Total Liabilities	25.03M	22.17M	29.63M	28.75M	30.39M
Common Stock, Total	2.9M	2.87M	2.86M	2.8M	2.79M
Additional Paid In Capital	175M	174M	174M	174M	174M
Retained Earnings	57.95M	96.08M	176M	209M	219M
Treasury Stock	-1.05M	-7.62M	-8.84M	-17.99M	-22.13M
Comprehensive Income and Other	-107M	-124M	-99.45M	-117M	-134M
Total Common Equity	128M	141M	244M	251M	239M
Total Equity	128M	141M	244M	251M	239M
Total Liabilities And Equity	153M	163M	274M	279M	270M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	286M	272M	272M	266M	263M
ECS Total Common Shares Outstanding	286M	272M	272M	266M	263M
Book Value / Share	0.45	0.52	0.9	0.94	0.91
Tangible Book Value	128M	141M	244M	251M	239M
Tangible Book Value Per Share	0.45	0.52	0.9	0.94	0.91
Total Debt	372K	451K	284K	83.99K	712K
Net Debt	-21.42M	-55.43M	-106M	-121M	-123M
Debt Equivalent Oper. Leases	696K	53.06K	27.37K	21.77K	30.54K
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	5.1M
Machinery, Total	80.09M	80.06M	90.63M	89.04M	94.98M
Full Time Employees	-	570	628	-	641
Assets under Capital Lease - Gross	692K	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-290K	-	-	-	-

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	18.2M	41M	99.81M	56.15M	45.35M
Depreciation & Amortization - CF	6.54M	5.75M	2.98M	3.09M	4.19M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	9.5M	-	-	-
Depreciation & Amortization, Total	6.54M	15.25M	2.98M	3.09M	4.19M
(Gain) Loss From Sale Of Asset	-13.19K	-64	-36.95K	-3.01K	-8.91K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-9.98K	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	305K	683K	855K	901K	882K
Net Cash From Discontinued Operations	-	-	-	-	-1.69M
Other Operating Activities, Total	-2.32M	1.48M	-3.49M	2.74M	546K
Change In Accounts Receivable	-6.06M	-1.69M	-33.97M	9.51M	12.14M
Change In Inventories	-233K	-734K	-1.16M	-961K	-1.57M
Change In Accounts Payable	945K	2.05M	3.26M	-1.83M	3.14M
Cash from Operations	17.37M	58.02M	68.24M	69.61M	62.99M
Capital Expenditure	-8.04M	-5.41M	-7.52M	-16.41M	-14.49M
Sale of Property, Plant, and Equipment	13.19K	64	-	10.15K	-
Cash Acquisitions	17.86K	-	-	-	-
Sale (Purchase) of Intangible assets	-55.88K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-703K	-
Other Investing Activities, Total	67.13K	-300K	-66.76K	-70.77K	-1.08M
Cash from Investing	-8M	-5.71M	-7.59M	-17.17M	-15.57M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-148K	-270K	-241K	-177K	-406K
Total Debt Repaid	-148K	-270K	-241K	-177K	-406K
Repurchase of Common Stock	-120K	-8.54M	-1.6M	-9.87M	-4.91M
Common Dividends Paid	-1.29M	-2.85M	-20.11M	-22.71M	-35.46M
Common & Preferred Stock Dividends Paid	-1.29M	-2.85M	-20.11M	-22.71M	-35.46M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.56M	-11.67M	-21.96M	-32.75M	-40.78M
Foreign Exchange Rate Adjustments	-38.57K	-6.56M	11.57M	-4.55M	-3.76M
Net Change in Cash	7.77M	34.08M	50.26M	15.15M	2.88M
Supplemental Items
Cash Interest Paid	70.65K	56.31K	34.57K	91.84K	4
Cash Income Tax Paid (Refund)	8.09M	14.76M	47.11M	23.83M	19.78M
Levered Free Cash Flow	4M	50.37M	40.4M	51.46M	52.3M
Unlevered Free Cash Flow	4.06M	50.43M	40.45M	51.51M	52.34M
Change In Net Working Capital	9.37M	-6.07M	43.67M	-13.86M	-23.8M
Net Debt Issued / Repaid	-148K	-270K	-241K	-177K	-406K

Fiscal Period: June	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.17	21.46	40.25	18.11	13.82
Return on Total Capital	12.22	25.17	45.59	20.23	15.47
Return On Equity %	15.2	30.58	51.91	22.7	18.51
Return on Common Equity	15.2	30.58	51.91	22.7	18.51
Margin Analysis
Gross Profit Margin %	36.41	57.91	69.41	59.31	52.92
SG&A Margin	2.2	0.01	0	0	0
EBITDA Margin %	42.57	60.74	69.57	54.71	49.57
EBITA Margin %	33.29	47.46	68.17	52.72	46.65
EBIT Margin %	33.29	47.46	68.17	52.72	46.65
Income From Continuing Operations Margin %	25.81	35.93	48.42	36.95	34.83
Net Income Margin %	25.81	35.93	48.42	36.95	34.83
Net Avail. For Common Margin %	25.81	35.93	48.42	36.95	34.83
Normalized Net Income Margin	21.6	30.65	43.43	33.29	31.34
Levered Free Cash Flow Margin	5.67	44.15	19.6	33.87	40.17
Unlevered Free Cash Flow Margin	5.75	44.2	19.63	33.9	40.2
Asset Turnover
Asset Turnover	0.49	0.72	0.94	0.55	0.47
Fixed Assets Turnover	0.76	1.39	2.6	1.71	1.39
Receivables Turnover (Average Receivables)	2.52	3.92	4.31	2.54	3.03
Inventory Turnover (Average Inventory)	27.06	24.05	21	15.27	13.09
Short Term Liquidity
Current Ratio	8.56	9.95	13.56	16.73	12.14
Quick Ratio	7.7	9.26	12.92	15.92	11.65
Operating Cash Flow to Current Liabilities	2.51	6.48	4.92	6.23	4.55
Days Sales Outstanding (Average Receivables)	144.92	93.27	84.72	143.64	120.51
Days Outstanding Inventory (Average Inventory)	13.49	15.22	17.38	23.9	27.88
Average Days Payable Outstanding	38.3	53.87	59.7	34.98	39.16
Cash Conversion Cycle (Average Days)	120.11	54.62	42.4	132.56	109.23
Long Term Solvency
Total Debt/Equity	0.29	0.32	0.12	0.03	0.3
Total Debt / Total Capital	0.29	0.32	0.12	0.03	0.3
LT Debt/Equity	0.14	0.17	0.03	0.01	0.16
Long-Term Debt / Total Capital	0.14	0.17	0.03	0.01	0.16
Total Liabilities / Total Assets	16.4	13.62	10.83	10.29	11.27
EBIT / Interest Expense	237.45	588.08	1.69K	872.23	845.04
EBITDA / Interest Expense	303.59	753.73	1.72K	905.91	903.35
(EBITDA - Capex) / Interest Expense	222.29	694.94	1.63K	727.28	701.73
Total Debt / EBITDA	0.01	0.01	0	0	0.01
Net Debt / EBITDA