Reports
and results

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