Jupiter Mines (JMS) H2 2025 earnings summary

Executive summary

• Net profit after tax rose to $40.1 million for FY2025, up 3% year-over-year from $38.9 million.

• Share of profit from Tshipi joint venture increased to $42.5 million, compared to $40.0 million in FY2024.

• Marketing fee revenue grew 17% to $9.4 million, reflecting higher manganese ore sales.

• Final unfranked dividend of $0.0075 per share declared for the second half, payable 19 September 2025.

Financial highlights

• Revenue increased to $9.4 million from $8.1 million year-over-year.

• EBITDA rose to $43.4 million from $41.2 million in FY2024.

• Earnings per share improved to $0.0204 from $0.0198.

• Net assets grew to $565.4 million, up from $543.3 million.

• Cash and cash equivalents at year-end were $13.2 million, down from $19.1 million.

Outlook and guidance

• Manganese prices stabilised in the second half of FY2025 after an initial sharp decline, supported by lower Chinese port inventories and improved downstream demand.