Business
Financial Results for FY 2023
Financial Results for FY 2023.
About this update from Capital Limited
[{"type":"text","content":"\n\n\n \nCapital Limited\n(\"Capital\", the \"Group\" or the \"Company\")\n \nCapital (LSE: CAPD), a leading mining services company, today provides its full year financial results for the year ended 31 December 2023.\n \nFULL YEAR FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023*\n\n\n\n\n \n\n\nFY 2023\n\n\nFY 2022\n\n\nvs\nFY 2022\n\n\n\n\nRevenue ($ m)\n\n\n318.4\n\n\n290.3\n\n\n9.7%\n\n\n\n\nEBITDA (adjusted for IFRS 16 leases)1,2 ($ m)\n\n\n91.8\n\n\n86.4\n\n\n6.3%\n\n\n\n\nOperating profit ($ m)\n\n\n60.3\n\n\n59.7\n\n\n1.0%\n\n\n\n\nInvestment gain / (loss) ($ m)\n\n\n3.0\n\n\n(19.8)\n\n\nN/A\n\n\n\n\nNet Profit After Tax (NPAT) ($ m)\n\n\n38.5\n\n\n22.7\n\n\n69.6%\n\n\n\n\nNPAT (Adjusted for investment gain/(loss) ($ m)\n\n\n35.5\n\n\n42.5\n\n\n(16.4%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEarnings per share\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic EPS (cents)\n\n\n 19.1\n\n\n11.1\n\n\n72.1%\n\n\n\n\nBasic EPS (adjusted for investment gain/(loss) (cents)\n\n\n 17.5\n\n\n21.5\n\n\n(18.5%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinal Dividend per Share (cents)\n\n\n2.6\n\n\n2.6\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash from Operations (adjusted for IFRS 16 leases)2 ($ m)\n\n\n84.3\n\n\n69.8\n\n\n20.8%\n\n\n\n\nCapex3 ($ m)\n\n\n69.0\n\n\n57.5\n\n\n20.0%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nNet Debt1 ($ m)\n\n\n69.8\n\n\n47.2\n\n\n47.9%\n\n\n\n\nInvestments ($ m)\n\n\n47.2\n\n\n38.7\n\n\n22.0%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nMargins and returns\n\n\n\n\n\n\n\n\n\n\n\n\n\nEBITDA Margin (adjusted for IFRS 16 leases)1,2\n\n\n28.8%\n\n\n29.8%\n\n\n\n\n\n\n\nOperating profit Margin\n\n\n18.9%\n\n\n20.6%\n\n\n\n\n\n\n\nNPAT Margin (adjusted for investment gain/(loss)\n\n\n11.2%\n\n\n14.6%\n\n\n\n\n\n\n\n*All amounts are in US dollars unless otherwise stated\n\n\n \n\n\n\n\n(1) EBITDA, and Net Debt are non-IFRS financial measures and should not be used in isolation or as a substitute for Capital Limited financial results presented in accordance with IFRS. Alternative performance measures as detailed on pages 27 - 28 of this results announcement\n(2) Adjustment for the cash cost of the IFRS 16 leases which amounts to $8.2 million in 2023 and $3.7 million in 2022.\n(3) Capital expenditure (Ca...