De Grey Mining (ASX:DEG) Full Year 2024 Results

Key Financial Results

• Revenue: AU$16.3m (up by AU$16.1m from FY 2023).

• Net loss: AU$17.2m (loss narrowed by 9.4% from FY 2023).

• AU$0.009 loss per share (improved from AU$0.013 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

De Grey Mining Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 80%. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for De Grey Mining that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.