Income Statement Magnetite Mines Limited

Stocks

MGT

AU000000MGT5

Diversified Mining

Market Closed - Australian S.E. 03:20:44 02/10/26 pm AEST			5-day change	1st Jan Change
0.0140 ^AUD	-6.67%		-17.65%	-74.07%

26/05	Magnetite Mines appoints Scott Lowe as CEO and managing director; Tim Dobson steps down	RE
13/03	Magnetite Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2025	CI

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Published financial data: MAGNETITE MINES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Interest And Invest. Income (Rev)	-	-	-	-	101K
Other Revenues, Total	195K	213K	214K	1.22K	85.22K
Total Revenues	195K	213K	214K	1.22K	187K
Gross Profit	195K	213K	214K	1.22K	187K
Selling General & Admin Expenses, Total	2.31M	3.64M	3.73M	2.88M	1.98M
Exploration / Drilling Costs, Total	-	-	-	-	31.82K
Stock-Based Compensation (IS)	1.04M	1.33M	549K	720K	1.36M
Depreciation & Amortization - (IS)	107K	256K	399K	282K	207K
Impairment of Oil, Gas & Mineral Properties - (IS)	7.27K	14.58K	15.29K	3.26K	-
Other Operating Expenses	331K	437K	429K	218K	200K
Other Operating Expenses, Total	3.79M	5.68M	5.12M	4.1M	3.77M
Operating Income	-3.6M	-5.47M	-4.91M	-4.1M	-3.59M
Interest Expense, Total	-108K	-133K	-93.04K	-28.53K	-26.92K
Interest And Investment Income	47.66K	274K	157K	55.02K	-
Net Interest Expenses	-59.84K	141K	64.32K	26.49K	-26.92K
Other Non Operating Income (Expenses)	-1.87K	-4.19K	-4.17K	-3.73K	-3.58K
EBT, Excl. Unusual Items	-3.66M	-5.33M	-4.85M	-4.08M	-3.62M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-998	-2.05K	-	-53	14.81K
Other Unusual Items	-	-	-	-107K	-309K
EBT, Incl. Unusual Items	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Net Income to Company	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Net Income - (IS)	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Net Income to Common Incl Extra Items	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Net Income to Common Excl. Extra Items	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Per Share Items
Net EPS - Basic	-0.06	-0.07	-0.05	-0.04	-0.02
Basic EPS - Continuing Operations	-0.06	-0.07	-0.05	-0.04	-0.02
Basic Weighted Average Shares Outstanding	64.48M	75.84M	89.77M	113M	186M
Net EPS - Diluted	-0.06	-0.07	-0.05	-0.04	-0.02
Diluted EPS - Continuing Operations	-0.06	-0.07	-0.05	-0.04	-0.02
Diluted Weighted Average Shares Outstanding	64.48M	75.84M	89.77M	113M	186M
Normalized Basic EPS	-0.04	-0.04	-0.03	-0.02	-0.01
Normalized Diluted EPS	-0.04	-0.04	-0.03	-0.02	-0.01
Supplemental Items
EBITDA	-3.55M	-5.4M	-4.85M	-4.06M	-3.35M
EBITA	-3.6M	-5.47M	-4.91M	-4.1M	-3.59M
EBIT	-3.6M	-5.47M	-4.91M	-4.1M	-3.59M
Total Revenues (As Reported)	-	486K	372K	226K	187K
Effective Tax Rate - (Ratio)	-	-	-	-	-
Normalized Net Income	-2.29M	-3.33M	-3.03M	-2.55M	-2.26M
Interest on Long-Term Debt	-	133K	24.64K	28.53K	-
Supplemental Operating Expense Items
General and Administrative Expenses	873K	1.23M	1.47M	924K	644K
Exploration/Drilling Costs	-	-	-	-	31.82K
Stock-Based Comp., Other (Total)	1.04M	1.33M	549K	720K	1.36M
Total Stock-Based Compensation	1.04M	1.33M	549K	720K	1.36M

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Assets
Cash And Equivalents	19.35M	5.13M	1.21M	1.49M	2.01M
Total Cash And Short Term Investments	19.35M	5.13M	1.21M	1.49M	2.01M
Other Receivables	717K	246K	117K	110K	111K
Notes Receivable	-	-	-	69.18K	-
Total Receivables	717K	246K	117K	179K	111K
Prepaid Expenses	21.59K	28.72K	39.93K	7.87K	-
Total Current Assets	20.09M	5.41M	1.37M	1.67M	2.12M
Gross Property Plant And Equipment	25.98M	33.82M	36.98M	39.9M	40.95M
Accumulated Depreciation	-388K	-373K	-420K	-464K	-
Net Property Plant And Equipment	25.59M	33.45M	36.56M	39.43M	40.95M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	27	-	-	-	-
Other Long-Term Assets, Total	113K	113K	299K	196K	196K
Total Assets	45.79M	38.97M	38.23M	41.3M	43.27M
Liabilities
Accounts Payable, Total	3.53M	402K	420K	245K	630K
Accrued Expenses, Total	692K	831K	841K	852K	-
Short-term Borrowings	-	-	-	-	2.49M
Current Portion of Long-Term Debt	-	1.98M	-	2.86M	-
Current Portion of Leases	101K	314K	73.44K	190K	156K
Other Current Liabilities	10K	4K	4K	20.5K	414K
Total Current Liabilities	4.33M	3.53M	1.34M	4.16M	3.69M
Long-Term Debt	1.98M	-	-	-	-
Long-Term Leases	137K	135K	43.9K	149K	149K
Total Liabilities	6.44M	3.66M	1.38M	4.31M	3.84M
Common Stock, Total	89.55M	89.51M	95.35M	98.48M	104M
Retained Earnings	-62.27M	-67.6M	-72.45M	-76.64M	-80.55M
Comprehensive Income and Other	12.07M	13.4M	13.95M	15.14M	16.36M
Total Common Equity	39.35M	35.31M	36.84M	36.99M	39.43M
Total Equity	39.35M	35.31M	36.84M	36.99M	39.43M
Total Liabilities And Equity	45.79M	38.97M	38.23M	41.3M	43.27M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	75.84M	76.77M	102M	186M	207M
ECS Total Common Shares Outstanding	75.84M	75.96M	98.43M	121M	207M
Book Value / Share	0.52	0.46	0.37	0.31	0.19
Tangible Book Value	39.35M	35.31M	36.84M	36.99M	39.43M
Tangible Book Value Per Share	0.52	0.46	0.37	0.31	0.19
Total Debt	2.21M	2.42M	117K	3.2M	2.79M
Net Debt	-17.13M	-2.71M	-1.1M	1.71M	777K
Account Code - Inventory Valuation	-	3	3	3	-
Machinery, Total	454K	481K	533K	545K	-

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Net Income	-3.66M	-5.33M	-4.85M	-4.19M	-3.91M
Depreciation & Amortization - CF	107K	256K	399K	282K	207K
Impairment of Oil, Gas & Mineral Properties - (CF)	7.27K	14.58K	15.29K	3.26K	31.82K
Depreciation & Amortization, Total	114K	270K	414K	286K	238K
Amortization of Deferred Charges, Total - (CF)	27	-	-	-	-
(Gain) Loss From Sale Of Asset	998	2.05K	-	53	-14.81K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.04M	1.33M	549K	720K	1.36M
Other Operating Activities, Total	8.75K	-	-	167K	309K
Change In Accounts Receivable	-565K	464K	118K	-30.62K	-76.46K
Change In Accounts Payable	766K	-609K	102K	236K	-25.11K
Cash from Operations	-2.29M	-3.87M	-3.67M	-2.81M	-2.12M
Capital Expenditure	-9.97M	-9.99M	-3.59M	-3.01M	-1.46M
Sale of Property, Plant, and Equipment	3.91K	4.75K	-	500	28.78K
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-80K	-	-187K	102K	-
Cash from Investing	-10.04M	-9.98M	-3.77M	-2.91M	-1.43M
Long-Term Debt Issued, Total	-	-	-	3.54M	-
Total Debt Issued	-	-	-	3.54M	-
Long-Term Debt Repaid, Total	-69.62K	-234K	-2.31M	-244K	-231K
Total Debt Repaid	-69.62K	-234K	-2.31M	-244K	-231K
Issuance of Common Stock	16.12M	833	6.5M	3.58M	5.02M
Other Financing Activities, Total	-956K	-125K	-668K	-885K	-708K
Cash from Financing	15.1M	-358K	3.52M	5.99M	4.08M
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Change in Cash	2.76M	-14.21M	-3.92M	273K	528K
Supplemental Items
Cash Interest Paid	98.75K	133K	175K	-	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-8.3M	-14.41M	-5.61M	-4.76M	-2.12M
Unlevered Free Cash Flow	-8.23M	-14.33M	-5.55M	-4.75M	-2.1M
Change In Net Working Capital	-2.83M	2.53M	-146K	179K	-3.41K
Net Debt Issued / Repaid	-69.62K	-234K	-2.31M	3.3M	-231K

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Profitability
Return on Assets	-5.96	-8.06	-7.95	-6.45	-5.3
Return on Total Capital	-6.39	-8.62	-8.21	-6.65	-5.44
Return On Equity %	-11.06	-14.28	-13.44	-11.34	-10.23
Return on Common Equity	-11.06	-14.28	-13.44	-11.34	-10.23
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	1.18K	1.71K	1.74K	236K	1.06K
EBITDA Margin %	-1.81K	-2.54K	-2.26K	-332K	-1.79K
EBITA Margin %	-1.84K	-2.57K	-2.29K	-336K	-1.92K
EBIT Margin %	-1.84K	-2.57K	-2.29K	-336K	-1.92K
Income From Continuing Operations Margin %	-1.87K	-2.51K	-2.26K	-342K	-2.09K
Net Income Margin %	-1.87K	-2.51K	-2.26K	-342K	-2.09K
Net Avail. For Common Margin %	-1.87K	-2.51K	-2.26K	-342K	-2.09K
Normalized Net Income Margin	-1.17K	-1.57K	-1.41K	-209K	-1.21K
Levered Free Cash Flow Margin	-4.24K	-6.78K	-2.61K	-390K	-1.14K
Unlevered Free Cash Flow Margin	-4.21K	-6.74K	-2.59K	-388K	-1.13K
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0	0
Fixed Assets Turnover	0.01	0.01	0.01	0	0
Short Term Liquidity
Current Ratio	4.64	1.53	1.02	0.4	0.58
Quick Ratio	4.63	1.53	0.99	0.38	0.58
Operating Cash Flow to Current Liabilities	-0.53	-1.1	-2.74	-0.67	-0.58
Long Term Solvency
Total Debt/Equity	5.62	6.87	0.32	8.64	7.08
Total Debt / Total Capital	5.32	6.42	0.32	7.95	6.61
LT Debt/Equity	5.37	0.38	0.12	0.4	0.38
Long-Term Debt / Total Capital	5.08	0.36	0.12	0.37	0.35
Total Liabilities / Total Assets	14.07	9.39	3.62	10.44	8.86
EBIT / Interest Expense	-33.48	-41.08	-52.75	-143.83	-133.18
EBITDA / Interest Expense	-32.42	-39.05	-48.3	-133.81	-124.32
(EBITDA - Capex) / Interest Expense	-125.13	-114.11	-86.87	-239.26	-178.6
Total Debt / EBITDA	-0.63	-0.47	-0.03	-0.84	-0.83
Net Debt / EBITDA	4.92	0.52	0.24	-0.45	-0.23
Total Debt / (EBITDA - Capex)	-0.16	-0.16	-0.01	-0.47	-0.58
Net Debt / (EBITDA - Capex)	1.27	0.18	0.14	-0.25	-0.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	8.77	0.9	-99.43	15.16K
Gross Profit, 1 Yr. Growth %	-	8.77	0.9	-99.43	15.16K
EBITDA, 1 Yr. Growth %	112.47	52.23	-10.26	-16.32	-17.46
EBITA, 1 Yr. Growth %	113.42	51.87	-10.21	-16.39	-12.62
EBIT, 1 Yr. Growth %	113.42	51.87	-10.21	-16.39	-12.62
Earnings From Cont. Operations, 1 Yr. Growth %	111.31	45.6	-9.07	-13.62	-6.62
Net Income, 1 Yr. Growth %	111.31	45.6	-9.07	-13.62	-6.62
Normalized Net Income, 1 Yr. Growth %	107.16	45.58	-9.03	-15.82	-11.39
Diluted EPS Before Extra, 1 Yr. Growth %	79.56	23.33	-23.18	-31.49	-43.24
Net Property, Plant and Equip., 1 Yr. Growth %	98.27	30.69	9.29	7.86	3.84
Total Assets, 1 Yr. Growth %	54.17	-14.9	-1.91	8.05	4.76
Tangible Book Value, 1 Yr. Growth %	46.32	-10.27	4.34	0.39	6.6
Common Equity, 1 Yr. Growth %	46.32	-10.27	4.34	0.39	6.6
Cash From Operations, 1 Yr. Growth %	102.28	68.18	-5.36	-23.37	-24.43
Capital Expenditures, 1 Yr. Growth %	213.89	0.19	-64.07	-16.16	-51.43
Levered Free Cash Flow, 1 Yr. Growth %	139.34	73.74	-61.11	-15.01	-55.48
Unlevered Free Cash Flow, 1 Yr. Growth %	141.75	74.15	-61.29	-14.44	-55.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	4.76	-92.42	-6.71
Gross Profit, 2 Yr. CAGR %	-	-	4.76	-92.42	-6.71
EBITDA, 2 Yr. CAGR %	79.09	79.85	16.88	-13.34	-16.89
EBITA, 2 Yr. CAGR %	66.54	80.04	16.78	-13.35	-14.53
EBIT, 2 Yr. CAGR %	66.54	80.04	16.78	-13.35	-14.53
Earnings From Cont. Operations, 2 Yr. CAGR %	213.1	75.4	15.06	-11.37	-10.19
Net Income, 2 Yr. CAGR %	213.1	75.4	15.06	-11.37	-10.19
Normalized Net Income, 2 Yr. CAGR %	181.88	73.66	15.08	-12.49	-13.63
Diluted EPS Before Extra, 2 Yr. CAGR %	86.81	48.81	-2.66	-27.45	-37.64
Net Property, Plant and Equip., 2 Yr. CAGR %	63.89	60.98	19.51	8.58	5.83
Total Assets, 2 Yr. CAGR %	109.59	14.54	-8.63	2.95	6.39
Tangible Book Value, 2 Yr. CAGR %	119.88	14.59	-3.24	2.35	3.45
Common Equity, 2 Yr. CAGR %	119.88	14.59	-3.24	2.35	3.45
Cash From Operations, 2 Yr. CAGR %	61.67	84.79	26.16	-14.84	-23.9
Capital Expenditures, 2 Yr. CAGR %	443.25	77.34	-40	-45.11	-36.18
Levered Free Cash Flow, 2 Yr. CAGR %	182.43	103.92	-17.8	-42.51	-38.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	191.88	105.18	-17.9	-42.45	-38.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-81.57	-4.24
Gross Profit, 3 Yr. CAGR %	-	-	-	-81.57	-4.24
EBITDA, 3 Yr. CAGR %	46.53	69.65	42.65	4.56	-14.73
EBITA, 3 Yr. CAGR %	46.02	61.5	42.78	4.47	-13.11
EBIT, 3 Yr. CAGR %	46.02	61.5	42.78	4.47	-13.11
Earnings From Cont. Operations, 3 Yr. CAGR %	39.64	142.57	40.91	4.58	-9.81
Net Income, 3 Yr. CAGR %	39.64	142.57	40.91	4.58	-9.81
Normalized Net Income, 3 Yr. CAGR %	39.85	126.16	39.99	3.69	-12.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.15	62.66	19.38	-13.42	-33.15
Net Property, Plant and Equip., 3 Yr. CAGR %	40.86	51.98	41.48	15.5	6.97
Total Assets, 3 Yr. CAGR %	69.33	55.2	8.77	-3.38	3.55
Tangible Book Value, 3 Yr. CAGR %	80.7	63.09	11.06	-2.04	3.75
Common Equity, 3 Yr. CAGR %	80.7	63.09	11.06	-2.04	3.75
Cash From Operations, 3 Yr. CAGR %	15.58	64.02	47.85	6.84	-18.17
Capital Expenditures, 3 Yr. CAGR %	256.22	209.23	4.16	-32.92	-47.3
Levered Free Cash Flow, 3 Yr. CAGR %	85.96	140.2	17.38	-16.88	-47.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	91.01	145.72	17.68	-16.76	-47.24
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-3.15	15.95	33.86	29.68	14.93
EBITA, 5 Yr. CAGR %	-3.13	15.54	33.54	25.89	16.29
EBIT, 5 Yr. CAGR %	-3.13	15.54	33.54	25.89	16.29
Earnings From Cont. Operations, 5 Yr. CAGR %	-3.76	8.63	29.24	62.16	17.68
Net Income, 5 Yr. CAGR %	-3.76	8.63	29.24	62.16	17.68
Normalized Net Income, 5 Yr. CAGR %	-5.2	7.79	29.36	54.69	15.4
Diluted EPS Before Extra, 5 Yr. CAGR %	-34.87	-25.68	-9.73	17.77	-7.93
Net Property, Plant and Equip., 5 Yr. CAGR %	23.82	30.19	31.9	32.85	25.97
Total Assets, 5 Yr. CAGR %	32.15	29.16	32.3	31.7	7.81
Tangible Book Value, 5 Yr. CAGR %	37.65	35.61	40.76	35.36	7.95
Common Equity, 5 Yr. CAGR %	37.63	35.6	40.75	35.36	7.95
Cash From Operations, 5 Yr. CAGR %	6.56	14.81	19.79	26.19	13.35
Capital Expenditures, 5 Yr. CAGR %	85.85	78.82	74.7	54.87	-14.38
Levered Free Cash Flow, 5 Yr. CAGR %	62.82	53.14	34.15	35.58	-10.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	67.96	55	36.26	37.49	-10.8