Materials

Aeris Resources Limited (ASX:AIS) Reports Strong HY25 Financial Results

ClubAI 11:19 am

Financial Performance

Aeris Resources Limited (ASX:AIS) reported revenue of $292.7 million for the half year, up 2% from $286.3 million in HY24. The company achieved a gross profit increase of 347% to $59.6 million and a net profit after tax of $29.6 million, reversing a loss of $18.8 million in the previous period.

Operational Performance

Cost of sales decreased by 15% to $233.1 million. Positive cash flow from operations rose significantly to $58.3 million from $0.1 million. Net assets grew by 11% to $302.0 million, with cash and equivalents increasing to $26.4 million. Debt remained unchanged at $40.0 million. Production remained on track to meet the group’s annual guidance.

Executive Comments

Aeris’ Executive Chairman, Andre Labuschagne, said, “The FY25 Half-Year delivered very pleasing financial results for Aeris and demonstrate the improved performance of operations in FY25. Costs have been well managed across the group, enabling cash flow from operations to increase significantly from approximately breakeven in FY24 Half-Year to $58.3 million this half year.”

View Original Announcement

here

Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.