Financial results
FY2022
Unaudited financial results for the six-month period ended
30 September 2021

Strategic delivery and financial highlights
- Resilient performance in an increasingly complex local and international operating environment
- Disciplined capital allocation to create long-term stakeholder value
- Optimised supply chain improved reliability and agility across the value chain
- Revenue increased to R9.9bn (HY2021: R7.6bn)
- Operating profit increased to R679m (HY2021: R400m)
- Profit after tax increased to R467m (HY2021: R213m)
- EBITDA, excluding impairments increased to R1 042m (HY2021: R773m)
- Earnings per share increased to 282 cents (HY2021: 128 cents)
- Headline earnings per share increased to 286 cents (HY2021: 125 cents)
- Net asset value decreased to R9.3bn (HY2021: R9.6bn)
- Net cash increased to R719m (HY2021: R1.9bn net debt)
- Net working capital decreased to R3bn (HY2021: R3.7bn)
Salient features
- Recordable case rate (RCR) maintained at 0.35
- B-BBEE rating maintained at level 2
- BME wins CAIA Responsible Care® Award for used oil recycling initiative and prestigious Indonesian "good mining practices" award
- Global credit rating improved to long term: A, short term: A1
with a stable outlook from long-term BBB+, short term: A2 with a stable outlook - Group GHG emissions improved to 113 829 tonnes of CO2e
- Broad-based employee share scheme implemented