METALS EXPLORATION(UK) ORD GBP0.0001
Symbol: MTL
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Company
Business Summary
Metals Exploration Plc is a United Kingdom-based gold producer. The principal activity of the Company is to identify, acquire, explore and develop mining and processing projects, mining companies, businesses or opportunities with particular emphasis on precious and base metals mining opportunities in the Philippines. The Company is focused on operating the Runruno gold and molybdenum mine 250 kilometers north of Manila in the mineral-rich Nueva Viscaya province. Its geographical segments include the United Kingdom, Philippines and Singapore. It is the owner of the Runruno Gold Project located in the Northern Philippines. The project lies immediately downstream from the village of Runruno. Runruno is located approximately 205 kilometers (km) north of Manila in the mineral-rich province of Nueva Viscaya. The Runruno project comprises one granted Exploration Permit (EP-II-13). The Company’s subsidiaries include Metals Exploration Pte, FCF Minerals Corporation and MTL Philippines, Inc.
Financial Summary
BRIEF: For the six months ended 30 June 2024, Metals Exploration Plc revenues increased 2% to $91.1M. Net income increased 58% to $58.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Impairment reversal increase from $8.8M to $49.7M (income), Net finance and other costs decrease of 76% to $697K (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 166.68 | 124.41 | 129.84 | 122.10 | 94.28 | 61.42 |
Gross profit | 37.26 | 32.74 | 37.87 | 38.84 | 18.46 | -8.47 |
Operating Profit/Loss | 29.17 | 23.82 | 29.05 | 30.44 | 32.18 | -198.65 |
Profit Before Tax | 119.56 | 8.67 | 11.30 | 9.43 | 13.85 | -177.91 |
Profit After Tax | 119.25 | 8.75 | 11.29 | 9.41 | 13.71 | -176.39 |
Equity Holders of Parent Company | 119.25 | 8.75 | 11.29 | 9.41 | 13.71 | -176.39 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 157.45 | 90.39 | 101.72 | 108.88 | 111.41 | 83.99 |
Total Current Assets | 24.04 | 30.21 | 27.92 | 35.36 | 17.91 | 14.64 |
Total Assets | 181.48 | 120.61 | 129.65 | 144.24 | 129.32 | 98.62 |
Total Liabilities | 47.55 | 102.84 | 120.12 | 145.35 | 143.10 | 129.09 |
Total Net Assets | 133.93 | 17.76 | 9.52 | -1.11 | -13.78 | -30.47 |
Shareholders Funds | 133.93 | 17.76 | 9.52 | -1.11 | -13.78 | -30.47 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 133.93 | 17.76 | 9.52 | -1.11 | -13.78 | -30.47 |
Outlook
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £147.04mn | £141.38mn | £133.22mn |
Pre-tax-Profit | £44.87mn | £49.21mn | £43.58mn |
EPS | £0.05p | £0.02p | £0.01p |
EPS Growth | -18.82% | -66.67% | -19.97% |
P/E | 1.45 | 4.34 | 5.42 |
PEG Ratio | -0.08 | -0.07 | -0.27 |
Dividend | 0.00p | 0.00p | 0.00p |
Yield | 0.00% | 0.00% | 0.00% |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
28 Apr 2025 | 16:28 | 7.579 | 10,000 | Buy |
28 Apr 2025 | 16:27 | 7.545 | 53,174 | Sell |
28 Apr 2025 | 16:04 | 7.58 | 10,000 | Buy |
28 Apr 2025 | 15:57 | 7.59 | 18,840 | Buy |
28 Apr 2025 | 15:30 | 7.56 | 121,640 | Buy |
28 Apr 2025 | 14:52 | 7.56 | 2,585 | Buy |
28 Apr 2025 | 14:50 | 7.56 | 2,500 | Buy |
28 Apr 2025 | 14:40 | 7.5251 | 8,161 | Sell |
28 Apr 2025 | 14:34 | 7.5251 | 66,484 | Sell |
28 Apr 2025 | 14:17 | 7.599 | 1,315 | Buy |
28 Apr 2025 | 14:17 | 7.5165 | 302,367 | Sell |
28 Apr 2025 | 13:38 | 7.515 | 74,272 | Sell |
28 Apr 2025 | 13:23 | 7.56 | 27 | Buy |
28 Apr 2025 | 13:14 | 7.55 | 133,039 | Unknown |
28 Apr 2025 | 13:04 | 7.55 | 37,245 | Unknown |
Selected data supplied by Thomson Reuters © View restrictions.