Business
H1 2023 Results
H1 2023 Results.
About this update from Capital Limited
[{"type":"text","content":"\n\nCapital Limited\n(\"Capital\", the \"Group\" or the \"Company\")\n \nH1 2023 Results\n \nCapital (LSE: CAPD), a leading mining services company, today provides its trading update for the half year period 1 January to 30 June 2023 (the \"Period\").\n \n\n\n\n \n\n\nH1 2023\n\n\nH1 2022\n\n\nvs\nH1 2022\n\n\n\n\nRevenue ($ m)\n\n\n154.3\n\n\n138.1\n\n\n11.7%\n\n\n\n\nEBITDA (adjusted for IFRS 16 leases)1,2 ($ m)\n\n\n43.9\n\n\n39.9\n\n\n10.0%\n\n\n\n\nOperating profit ($ m)\n\n\n28.4\n\n\n28.0\n\n\n1.4%\n\n\n\n\nInvestment gain / (loss) ($ m)\n\n\n0.8\n\n\n(10.3)\n\n\n-107.8%\n\n\n\n\nNet Profit After Tax (NPAT) ($ m)\n\n\n17.6\n\n\n9.7\n\n\n81.4%\n\n\n\n\nNPAT (Adjusted for investment gain/(loss) ($ m)\n\n\n16.8\n\n\n19.9\n\n\n-15.6%\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 8.9\n\n\n 4.7\n\n\n89.4%\n\n\n\n\nBasic EPS (Adjusted for investment gain/(loss) (cents)\n\n\n 8.8\n\n\n 10.5\n\n\n-16.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim Dividend per Share (cents)\n\n\n1.3\n\n\n1.3\n\n\n0.0%\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\n38.2\n\n\n33.4\n\n\n14.4%\n\n\n\n\nCapex3 ($ m)\n\n\n(36.2)\n\n\n(22.6)\n\n\n60.2%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nNet Debt1 ($ m)\n\n\n66.5\n\n\n36.4\n\n\n82.7%\n\n\n\n\nInvestments ($ m)\n\n\n42.1\n\n\n47.3\n\n\n-11.0%\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\n28.5%\n\n\n28.9%\n\n\n\n\n\n\n\nOperating profit margin\n\n\n18.4%\n\n\n20.3%\n\n\n\n\n\n\n\nNPAT Margin (Adjusted for investment gain/(loss)\n\n\n10.9%\n\n\n14.4%\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\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 33 - 34 of this results announcement\n(2) Adjustment for the cash cost of the IFRS 16 lease which amounts to $3.5 million in H1 2023 and $1.5 million in H1 2022 (see page 14).\n(3) Cap...