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Highlights
- Increased to $292.7 million, marking a 2% rise.
- Net profit reached $29.6 million, reversing a previous loss.
- Positive cash flow surged to $58.3 million from nearly breakeven.
Aeris Resources (ASX:AIS) has delivered an impressive set of financial results for the first half of FY25, showcasing robust revenue growth, a remarkable surge in profit, and solid operational performance. The latest numbers reflect the company's strategic focus on cost management and production efficiency, positioning it well for continued momentum.
Financial Performance
For the six-month period ending HY25, revenue reached $292.7 million, marking a 2% increase from $286.3 million in HY24. The company’s gross profit jumped by an outstanding 347% to $59.6 million, driven by effective cost control and enhanced operational efficiencies. A significant turnaround was seen in net profit after tax, which reached $29.6 million, reversing a loss of $18.8 million recorded in the previous half-year.
A key factor in this financial upswing was a 15% reduction in the cost of sales, which fell to $233.1 million. This substantial decline helped drive improved margins and higher profitability.
Operational and Cash Flow Strength
Operationally, Aeris Resources (AIS) demonstrated strong cash generation capabilities. Positive cash flow from operations saw a remarkable rise to $58.3 million, a dramatic improvement from the previous period’s marginal $0.1 million. Net assets increased by 11%, reaching $302.0 million, while cash and cash equivalents rose to $26.4 million. Debt levels remained stable at $40.0 million.
With production performance aligning with annual guidance, the company remains on track to achieve its operational targets. These results underscore the impact of efficiency-driven strategies that have been implemented across operations.
Leadership Insights
Commenting on the performance, Executive Chairman Andre Labuschagne expressed confidence in the company's trajectory, stating that the HY25 financial results reflect the enhanced operational efficiency and well-managed cost structure. The significant increase in cash flow and the turnaround in profitability are strong indicators of the company’s positive outlook for the remainder of FY25.
Aeris Resources (AIS) continues to focus on optimizing production and maintaining financial discipline. With a solid balance sheet, strong operational cash flow, and steady production progress, the company is positioned for sustained growth in the coming months.
