Merafe Resources Ltd
JSE:MRF
Income Statement
Earnings Waterfall
Merafe Resources Ltd
Income Statement
Merafe Resources Ltd
| Sep-2003 | Mar-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
25
|
0
|
14
|
0
|
18
|
0
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
20
|
0
|
44
|
0
|
56
|
0
|
51
|
0
|
16
|
0
|
1
|
0
|
2
|
0
|
2
|
0
|
3
|
0
|
1
|
0
|
3
|
0
|
1
|
0
|
|
| Revenue |
363
N/A
|
554
+53%
|
296
-47%
|
615
+108%
|
649
+6%
|
1 031
+59%
|
1 430
+39%
|
1 656
+16%
|
2 554
+54%
|
2 781
+9%
|
1 978
-29%
|
1 839
-7%
|
2 206
+20%
|
2 558
+16%
|
2 687
+5%
|
2 427
-10%
|
2 337
-4%
|
2 542
+9%
|
2 781
+9%
|
3 497
+26%
|
4 018
+15%
|
3 609
-10%
|
3 841
+6%
|
4 428
+15%
|
4 618
+4%
|
5 702
+23%
|
5 869
+3%
|
5 889
+0%
|
6 030
+2%
|
5 606
-7%
|
5 675
+1%
|
5 379
-5%
|
4 928
-8%
|
4 780
-3%
|
6 188
+29%
|
8 063
+30%
|
8 608
+7%
|
7 939
-8%
|
8 412
+6%
|
9 244
+10%
|
9 224
0%
|
8 443
-8%
|
6 219
-26%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(447)
|
(581)
|
(229)
|
(504)
|
(602)
|
(851)
|
(1 072)
|
(1 186)
|
0
|
(1 170)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gross Profit |
(84)
N/A
|
(27)
+68%
|
67
N/A
|
110
+64%
|
47
-57%
|
179
+283%
|
358
+99%
|
470
+31%
|
0
N/A
|
1 611
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(15)
|
(25)
|
(4)
|
(7)
|
(14)
|
(26)
|
(32)
|
(51)
|
(1 435)
|
(77)
|
(1 434)
|
(1 964)
|
(2 011)
|
(2 103)
|
(2 385)
|
(2 281)
|
(2 077)
|
(2 442)
|
(2 816)
|
(3 171)
|
(3 437)
|
(3 256)
|
(3 612)
|
(3 963)
|
(4 181)
|
(4 820)
|
(4 397)
|
(4 519)
|
(4 840)
|
(4 807)
|
(5 098)
|
(5 453)
|
(5 174)
|
(4 706)
|
(5 317)
|
(5 846)
|
(6 005)
|
(6 086)
|
(6 515)
|
(7 297)
|
(7 337)
|
(7 096)
|
(5 372)
|
|
| Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(15)
|
0
|
(4)
|
(7)
|
(14)
|
(25)
|
(33)
|
(46)
|
(56)
|
(78)
|
(100)
|
(106)
|
(102)
|
(114)
|
(112)
|
(153)
|
(176)
|
(218)
|
(295)
|
(253)
|
(192)
|
(237)
|
(273)
|
(267)
|
(293)
|
(330)
|
(348)
|
(368)
|
(407)
|
(406)
|
(408)
|
(463)
|
(358)
|
(125)
|
(65)
|
(111)
|
(204)
|
(219)
|
(230)
|
(249)
|
(302)
|
(354)
|
(292)
|
|
| Other Operating Expenses |
0
|
(25)
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 378)
|
1
|
(1 334)
|
(1 858)
|
(1 910)
|
(1 989)
|
(2 273)
|
(2 128)
|
(1 901)
|
(2 224)
|
(2 521)
|
(2 918)
|
(3 245)
|
(3 019)
|
(3 338)
|
(3 696)
|
(3 888)
|
(4 490)
|
(4 048)
|
(4 150)
|
(4 434)
|
(4 402)
|
(4 690)
|
(4 989)
|
(4 816)
|
(4 582)
|
(5 252)
|
(5 735)
|
(5 801)
|
(5 867)
|
(6 285)
|
(7 048)
|
(7 035)
|
(6 741)
|
(5 080)
|
|
| Operating Income |
(98)
N/A
|
(52)
+47%
|
63
N/A
|
103
+64%
|
33
-68%
|
153
+362%
|
326
+112%
|
419
+29%
|
1 119
+167%
|
1 534
+37%
|
543
-65%
|
(125)
N/A
|
195
N/A
|
456
+134%
|
301
-34%
|
146
-52%
|
261
+79%
|
100
-62%
|
(34)
N/A
|
326
N/A
|
582
+78%
|
353
-39%
|
229
-35%
|
465
+103%
|
437
-6%
|
881
+102%
|
1 472
+67%
|
1 370
-7%
|
1 189
-13%
|
799
-33%
|
577
-28%
|
(74)
N/A
|
(246)
-235%
|
74
N/A
|
871
+1 073%
|
2 217
+155%
|
2 604
+17%
|
1 853
-29%
|
1 897
+2%
|
1 947
+3%
|
1 887
-3%
|
1 348
-29%
|
847
-37%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(53)
|
(55)
|
(30)
|
(58)
|
(47)
|
(39)
|
(52)
|
(54)
|
(51)
|
(64)
|
(37)
|
(94)
|
(24)
|
(65)
|
(28)
|
59
|
(16)
|
(24)
|
(19)
|
(39)
|
(30)
|
(44)
|
(70)
|
30
|
(58)
|
(125)
|
(130)
|
(81)
|
2
|
159
|
15
|
(4)
|
(8)
|
(54)
|
(102)
|
116
|
199
|
97
|
236
|
157
|
7
|
114
|
31
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(59)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 789)
|
(3 129)
|
(1 366)
|
(32)
|
(6)
|
0
|
(0)
|
0
|
250
|
0
|
(575)
|
(688)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
(9)
|
0
|
(12)
|
0
|
(12)
|
0
|
(13)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(151)
N/A
|
(107)
+29%
|
34
N/A
|
45
+35%
|
(14)
N/A
|
114
N/A
|
274
+140%
|
365
+33%
|
1 068
+193%
|
1 470
+38%
|
506
-66%
|
(219)
N/A
|
172
N/A
|
391
+128%
|
273
-30%
|
205
-25%
|
245
+19%
|
76
-69%
|
(53)
N/A
|
229
N/A
|
552
+142%
|
301
-46%
|
159
-47%
|
479
+201%
|
379
-21%
|
744
+96%
|
1 342
+80%
|
1 278
-5%
|
1 191
-7%
|
944
-21%
|
592
-37%
|
(1 867)
N/A
|
(3 384)
-81%
|
(1 346)
+60%
|
737
N/A
|
2 327
+216%
|
2 802
+20%
|
1 949
-30%
|
2 133
+9%
|
2 353
+10%
|
1 894
-20%
|
886
-53%
|
189
-79%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
(1)
|
(4)
|
(4)
|
25
|
(17)
|
(124)
|
(315)
|
(442)
|
(165)
|
66
|
(51)
|
(113)
|
(97)
|
(88)
|
(76)
|
(28)
|
(3)
|
(77)
|
(150)
|
(87)
|
(45)
|
(136)
|
(103)
|
(212)
|
(381)
|
(364)
|
(338)
|
(261)
|
(168)
|
505
|
895
|
343
|
(203)
|
(653)
|
(780)
|
(539)
|
(599)
|
(600)
|
(470)
|
(219)
|
(8)
|
|
| Income from Continuing Operations |
(151)
|
(107)
|
32
|
42
|
(19)
|
139
|
257
|
240
|
753
|
1 028
|
341
|
(152)
|
121
|
279
|
176
|
117
|
169
|
49
|
(56)
|
152
|
402
|
214
|
114
|
343
|
277
|
532
|
962
|
914
|
853
|
683
|
424
|
(1 362)
|
(2 488)
|
(1 003)
|
534
|
1 674
|
2 022
|
1 410
|
1 534
|
1 753
|
1 424
|
667
|
181
|
|
| Net Income (Common) |
(151)
N/A
|
(107)
+29%
|
32
N/A
|
42
+29%
|
(19)
N/A
|
139
N/A
|
257
+85%
|
240
-6%
|
753
+214%
|
1 028
+37%
|
341
-67%
|
(152)
N/A
|
121
N/A
|
279
+131%
|
176
-37%
|
117
-34%
|
169
+45%
|
49
-71%
|
(56)
N/A
|
152
N/A
|
402
+165%
|
214
-47%
|
114
-47%
|
343
+202%
|
277
-19%
|
532
+93%
|
962
+81%
|
914
-5%
|
853
-7%
|
683
-20%
|
424
-38%
|
(1 362)
N/A
|
(2 488)
-83%
|
(1 003)
+60%
|
534
N/A
|
1 674
+213%
|
2 022
+21%
|
1 410
-30%
|
1 534
+9%
|
1 753
+14%
|
1 424
-19%
|
667
-53%
|
181
-73%
|
|
| EPS (Diluted) |
-0.15
N/A
|
-0.09
+40%
|
0.03
N/A
|
0.03
N/A
|
0
N/A
|
0.06
N/A
|
0.11
+83%
|
0.1
-9%
|
0.3
+200%
|
0.41
+37%
|
0.14
-66%
|
-0.06
N/A
|
0.05
N/A
|
0.11
+120%
|
0.07
-36%
|
0.05
-29%
|
0.07
+40%
|
0.02
-71%
|
-0.03
N/A
|
0.06
N/A
|
0.16
+167%
|
0.09
-44%
|
0.05
-44%
|
0.14
+180%
|
0.11
-21%
|
0.21
+91%
|
0.38
+81%
|
0.36
-5%
|
0.34
-6%
|
0.27
-21%
|
0.17
-37%
|
-0.54
N/A
|
-0.99
-83%
|
-0.4
+60%
|
0.21
N/A
|
0.67
+219%
|
0.81
+21%
|
0.56
-31%
|
0.61
+9%
|
0.7
+15%
|
0.57
-19%
|
0.27
-53%
|
0.07
-74%
|
|