Jupiter Mines Limited Reports Stable Half-Year Profits

Jupiter Mines Limited ( (JMXXF) ) has released its Q2 earnings. Here is a breakdown of the information Jupiter Mines Limited presented to its investors.

Jupiter Mines Limited is an Australian company primarily involved in the investment and sale of manganese ore, with a significant stake in the Tshipi é Ntle Manganese Mining Pty Limited in South Africa. In its latest earnings report for the half-year ended December 31, 2024, Jupiter Mines Limited reported a consolidated profit after tax of $13.98 million, slightly down from the previous year’s $14.35 million. The company’s revenue increased to $4.32 million from $2.90 million in the same period last year, driven by its investment in the Tshipi manganese mine. Tshipi recorded a net profit after tax of ZAR366 million ($30.9 million), slightly lower than the previous year due to increased production volumes and costs. The company also declared a final dividend of $0.0025 per share. Looking ahead, Jupiter Mines Limited remains focused on its strategic initiatives, including the exploration of high-purity manganese sulphate production for the electric vehicle battery market, while maintaining a cautious approach to market entry timing.