Antofagasta: Antofagasta Full Year 2024 Earnings: EPS Beats Expectations

In This Article: Antofagasta ( LON:ANTO ) Full Year 2024 Results Key Financial Results Revenue: US$6.61b (up 4.6% from FY 2023). Net income: US$829.4m (flat on FY 2023). Profit margin: 13% (in line with FY 2023). EPS: US$0.84 (down from US$0.85 in FY 2023). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. ANTO Production and Reserves Copper Production: 0.277 Mt (0.35 Mt in FY 2023) Proved and probable reserves (ore): 4,377 Mt (3,826 Mt in FY 2023) Number of mines: 4 (4 in FY 2023) Molybdenum Production: 6,720 t (6,890 t in FY 2023) Proved and probable reserves (ore): 3,182 Mt (2,555 Mt in FY 2023) Number of mines: 2 (2 in FY 2023) Gold Production: 126.17 troy koz (142.04 troy koz in FY 2023) Proved and probable reserves (ore): 3,182 Mt (2,555 Mt in FY 2023) Number of mines: 2 (2 in FY 2023) LSE:ANTO Revenue and Expenses Breakdown March 29th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Antofagasta EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. The primary driver behind last 12 months revenue was the Mining - Los Pelambres segment contributing a total revenue of US$3.33b (50% of total revenue). Notably, cost of sales worth US$4.11b amounted to 62% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$789.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ANTO's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in the United Kingdom. Performance of the British Metals and Mining industry. The company's shares are down 4.7% from a week ago. Risk Analysis We should say that we've discovered 1 warning sign for Antofagasta that you should be aware of before investing here. 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. LSE:ANTO Revenue and Expenses Breakdown March 29th 2025