South32
Public consensus - Last updated
14/08/25
Contributors
- 13 FY25 based on
|
Reporting currency:
USD
Reporting unit: Absolute | FY25 CONSENSUS 14/08/25 |
|---|---|
| Income Statement | |
| Other financial information 2 | |
Underlying EBIT. | 1,241 |
Underlying depreciation and amortisation | 720 |
Underlying EBITDA | 1,962 |
Underlying Earnings | 703 |
Underlying net finance cost | (191) |
Underlying income tax expense | (369) |
Underlying basic earnings per share (US cents) | 15.6 |
Dividends declared per share (US cents) | 6.6 |
| Cash Flow Statement | |
Net cash/(debt) | 149 |
| Segment Information (South32 share) | |
| Worsley Alumina (86% share) | |
Alumina production (kt) | 3,727 |
Alumina sales (kt) | 3,699 |
Realised alumina sales price (US$/t) | 518 |
Revenue | 1,917 |
Underlying EBITDA | 789 |
| Brazil Aluminium (Alumina 36% share, Aluminium 40% share) | |
Alumina production (kt) | 1,340 |
Aluminium production (kt) | 138.0 |
Alumina sales (kt) | 1,349 |
Aluminium sales (kt) | 138.0 |
Realised alumina sales price (US$/t) | 555 |
Realised aluminium sales price (US$/t) | 2,560 |
Brazil Alumina Revenue | 749 |
Brazil Aluminium Revenue | 353 |
Brazil Alumina Underlying EBITDA | 300 |
Brazil Aluminium Underlying EBITDA | (92) |
| Hillside Aluminium (100%) | |
Aluminium production (kt) | 718 |
Aluminium sales (kt) | 731 |
Realised aluminium sales price (US$/t) | 2,687 |
Revenue | 1,964 |
Underlying EBITDA | 171 |
| Mozal Aluminium (47.1% to 31 May 22, 63.7% from 1 June 22) | |
Aluminium production (kt) | 355 |
Aluminium sales (kt) | 351 |
Realised aluminium sales price (US$/t) | 2,789 |
Revenue | 979 |
Underlying EBITDA | 131 |
| Australia Manganese (60% share) | |
Manganese ore production (kwmt) | 1,081 |
Manganese ore sales (kwmt) | 253 |
Realised External manganese ore sales price (US$/dmtu, FOB) | 3.65 |
Revenue | 35 |
Underlying EBITDA | (108) |
| South Africa Manganese (54.6% ore, 60% alloy share) | |
Manganese ore production (kwmt) | 2,147 |
Manganese ore sales (kwmt) | 2,112 |
Realised External manganese ore sales price (US$/dmtu, FOB) | 3.74 |
Revenue | 357 |
Underlying EBITDA | 53 |
| Cerro Matoso (99.9% share) | |
Payable nickel production (kt) | 37.1 |
Payable nickel sales (kt) | 36.7 |
Realised nickel price (US$/t) | 13,193 |
Revenue | 484 |
Underlying EBITDA | 70 |
| Cannington (100%) | |
Ore processed (kdmt) | 1,948 |
Payable Silver production (koz) | 10,285 |
Payable Lead production (kt) | 92.4 |
Payable Zinc production (kt) | 44.5 |
Payable Silver sales (koz) | 11,019 |
Payable Lead sales (kt) | 99.3 |
Payable Zinc sales (kt) | 45.7 |
Realised Silver sales price (US$/oz) | 31.66 |
Realised Lead sales price (US$/t) | 1,881 |
Realised Zinc sales price (US$/t) | 2,661 |
Revenue | 654 |
Underlying EBITDA | 271 |
| Additional Disclosures - Capital | |
Total capital expenditure (incl. EAI) | 1,293 |
| Additional Disclosures - Other | |
Number of shares on issue at period end (million) | 4,505 |
| Other financial information | |
Underlying revenue | 7,701 |
| Sierra Gorda (45%) | |
Ore processed (kdmt) | 21,703 |
Payable Copper production (kt) | 71.4 |
Payable Molybdenum production (kt) | 1.5 |
Payable Gold production (koz) | 27.9 |
Payable Silver production (koz) | 587 |
Payable Copper sales (kt) | 72.8 |
Payable Molybdenum sales (kt) | 1.3 |
Payable Gold sales (koz) | 28.5 |
Payable Silver sales (koz) | 599 |
Realised Copper sales price (US$/lb) | 4.17 |
Realised Molbdenum sales price (US$/lb) | 20.9 |
Realised Gold sales price (US$/oz) | 2,772 |
Realised Silver sales price (US$/oz) | 30.8 |
Revenue | 818 |
Underlying EBITDA | 473 |
Disclaimer
South32 has invited registered sell-side analysts who monitor South32’s securities to submit their estimates in respect of year ended 30 June 2025 to an external web-based platform hosted by Vuma Financial Limited (Vuma) (an independent service provider). South32 does not consider the information in the table to be materially price sensitive. It is provided as a courtesy to all interested persons who would not otherwise have access to it.
The consensus figure for a particular item is the arithmetic mean of all estimates submitted for that item by participating sell-side analysts and collated by Vuma. Analyst estimates entered into Vuma that are materially out of date, or that contain a manifest error have been excluded from the aggregate consensus figures. The following estimates were excluded given they included a manifest error:
• Two sets of estimates for Underlying net finance cost: has been reported on a statutory basis which incorrectly excludes net finance costs from our manganese and Sierra Gorda EAIs
• Two set of estimates for total capital expenditure including equity accounted investments: has been reported as n/a
• One set of estimates for Cerro Matoso: has been reported as n/a
• One set of estimates for Sierra Gorda ore processed, payable silver production, silver realised price and payable silver sales: has been reported as n/a
• One set of estimates for Sierra Gorda payable gold sales: this estimate is nil, which materially differs from reported actuals
• One set of estimates for Cannington ore processed: has been reported as n/a
• One set of estimates for Australia Manganese realised price: has been reported as n/a
• One set of estimates for Cannington zinc realised price: this estimate differs materially from reported actuals
• One set of estimates for Brazil Aluminium unit cost: has been reported as n/a
The consensus figures reflect the opinions of the participating sell-side analysts and are not directly or indirectly attributable to South32. South32 has not commented on or verified the information provided by the contributors (other than to correct factual inaccuracies or to direct the analyst(s) to information previously disclosed to the Australian Securities Exchange). Neither Vuma nor third party sell-side analysts have access to South32’s internal financial information. Publication of the consensus figures should not be treated as an express or implied endorsement of the information by South32. South32 expressly disclaims any endorsement of or concurrence with the information and makes no comment about its own forecast performance.
South32’s actual performance for the period is not yet known and may differ from the consensus figures. A significant number of variable factors impact the Group’s financial results, including accounting determinations and external factors (such as fluctuations in exchange rates and commodity prices) immediately prior to the end of the financial year.
The South32 Group, its Directors and employees do not accept any responsibility for the accuracy or completeness of the information,
assume no liability whatsoever in relation to the information and undertake no obligation to update or revise it. The information does not constitute or contain investment advice or any recommendation in relation to South32 financial products.
The consensus figure for a particular item is the arithmetic mean of all estimates submitted for that item by participating sell-side analysts and collated by Vuma. Analyst estimates entered into Vuma that are materially out of date, or that contain a manifest error have been excluded from the aggregate consensus figures. The following estimates were excluded given they included a manifest error:
• Two sets of estimates for Underlying net finance cost: has been reported on a statutory basis which incorrectly excludes net finance costs from our manganese and Sierra Gorda EAIs
• Two set of estimates for total capital expenditure including equity accounted investments: has been reported as n/a
• One set of estimates for Cerro Matoso: has been reported as n/a
• One set of estimates for Sierra Gorda ore processed, payable silver production, silver realised price and payable silver sales: has been reported as n/a
• One set of estimates for Sierra Gorda payable gold sales: this estimate is nil, which materially differs from reported actuals
• One set of estimates for Cannington ore processed: has been reported as n/a
• One set of estimates for Australia Manganese realised price: has been reported as n/a
• One set of estimates for Cannington zinc realised price: this estimate differs materially from reported actuals
• One set of estimates for Brazil Aluminium unit cost: has been reported as n/a
The consensus figures reflect the opinions of the participating sell-side analysts and are not directly or indirectly attributable to South32. South32 has not commented on or verified the information provided by the contributors (other than to correct factual inaccuracies or to direct the analyst(s) to information previously disclosed to the Australian Securities Exchange). Neither Vuma nor third party sell-side analysts have access to South32’s internal financial information. Publication of the consensus figures should not be treated as an express or implied endorsement of the information by South32. South32 expressly disclaims any endorsement of or concurrence with the information and makes no comment about its own forecast performance.
South32’s actual performance for the period is not yet known and may differ from the consensus figures. A significant number of variable factors impact the Group’s financial results, including accounting determinations and external factors (such as fluctuations in exchange rates and commodity prices) immediately prior to the end of the financial year.
The South32 Group, its Directors and employees do not accept any responsibility for the accuracy or completeness of the information,
assume no liability whatsoever in relation to the information and undertake no obligation to update or revise it. The information does not constitute or contain investment advice or any recommendation in relation to South32 financial products.