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South32 Ltd (S32.AX)

South32 Ltd (S32.AX)
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South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and has agreed to sell the Cerro Matoso nickel mine in Colombia, likely effective mid-2026. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.

Fiscal Year End Date: 06/30

(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Sales 5,780,000 5,479,000 7,429,000 9,269,000 5,476,000
Sales Growth +5.49% -26.25% -19.85% +69.27% -9.86%
Net Income 213,000 -203,000 -173,000 2,669,000 -195,000
Net Income Growth +204.93% -17.34% -106.48% +1,468.72% -200.00%
(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Total Assets 13,727,000 14,245,000 14,564,000 16,336,000 13,242,000
Total Assets Growth -3.64% -2.19% -10.85% +23.37% -3.60%
Total Liabilities 4,870,000 5,274,000 5,189,000 5,557,000 4,288,000
Total Liabilities Growth -7.66% +1.64% -6.62% +29.59% +2.71%
(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Operating Cash Flow 1,335,000 1,119,000 1,191,000 3,070,000 1,405,000
Operating Cash Flow Growth +19.30% -6.05% -61.21% +118.51% +2.93%
Net Cash Flow 910,000 -406,000 -1,108,000 760,000 296,000
Change in Net Cash Flow +324.14% +63.36% -245.79% +156.76% +522.86%
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