Perenti Global Limited ( (AUSDF) ) has released its Q2 earnings. Here is a breakdown of the information Perenti Global Limited presented to its investors.
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Perenti Global Limited is a leading Australian company operating in the mining services sector, providing contract mining, drilling, and mining support services worldwide. In its latest financial report for the half-year ended December 31, 2024, Perenti Global Limited showcased a 6% increase in revenue to $1.73 billion, while its net profit after tax declined by 13.1% to $56.3 million. The company declared an interim dividend of 3.0 cents per share, reflecting a positive development from the previous year’s 2.0 cents. Key performance highlights included strong contributions from Contract Mining, which generated 72% of the group’s total revenue, and a notable performance from Drilling Services, despite a challenging landscape for exploration activities. The company’s financial position remains robust, with a net tangible asset backing of $1.29 per share and available liquidity of $599.8 million. Looking ahead, Perenti Global Limited remains optimistic about its financial health and growth prospects, with expectations of increased revenue and profitability in the second half of FY25, driven by operational efficiencies, strategic contract wins, and an improving outlook for its service divisions.
