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

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