Business
Interim Results for Six Months Ended 31 Dec 24
Interim Results for Six Months Ended 31 Dec 24.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n\nMineral & Financial Investments Limited\nUnaudited Results for the six months ended 31 December 2024\n \nHIGHLIGHTS:\n· Net Asset Value1 p/s (\"NAVPS\") on 31 Dec. 2024 was 32.2p, up 24.8%, from 25.8p (yr/yr)\n· H1-2025 NAV1 was £12,692,000 up 26.7% from £10,020,000 year on year\n· Net Earnings[1] for H1-2025 were £1,247,000 vs. H1-2024 Net Earnings £589,000 increase of 112%\n· EPS1 for the 6 months ending Dec 31, 2024, were 3.09p vs 1.65p, an increase of 86.6% (Yr/Yr)\n· The 5-year Compound Annual Growth rate for NAV1 was +18.8% and for NAVPS +16.2%\n· Investable Capital as of 31 December 2024 was £13,114,000 (+26.2% yr/yr) vs £10,388,000\n· M&F remains debt free, with a strong cash position and a NAV outperforming our benchmarks\n \nCAMANA BAY, GRAND CAYMAN ISLANDS, 20 March 2025 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) (\"M&F\" or the \"Company\") is very pleased to announce its unaudited interim results for the six months ended 31 December 2024 (\"H1-2025\"). The Company generated a H1-2025 Gross Profits of £1,555,000, an operating profit of £1,299,000, resulting in an after-tax profit of £1,247,000. This compares with H1-2024 Gross Profits of £899,000, an operating profit of £660,000, resulting in an after-tax profit of £589,000. Fully diluted earnings per share (\"EPS-FD\") were 3.09p per share, this compares with H1-2024 EPS-FD of 1.65p, an increase of 86.6%\nThe NAVPS as at the end of the 31 December 2024, quarter was 32.2p an increase 24.8% from last year's NAVPS for the same period of 25.8p. Working capital as of 31 December 2024 was £12,860,000[2]. The Net Asset Value (basic) has grown at an average of rate of 23.6% per year on a compounded basis since 31 December 2019 (5 years).\nM&F NAVPS vs. Comparable Benchmarks\nIndexed Performance (Dec 31 2016 = 1.0)\n(Fig. 1)\n\n \nCHIEF EXECUTIVE'S STATEMENT:\nOur NAV growth Year on Year was 26.7% despite a continued volatile economic and political environment. We ended the period with Investable Capital (\"IC\") of £13,114,000, an increase of 26.2% for the IC of £10,352,000 as of December 31, 2023. The Company ended the first half of the year with a cash position of £501,000. The 12-month period end...