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TerraCom Limited ( (AU:TER) ) has issued an update.
TerraCom Limited announced its interim financial results for the six months ending December 31, 2024, highlighting a normalised EBITDA of $19.3 million and a normalised NPAT of $9 million. Despite challenges such as unexpected rainfall and a delayed shipment, the company maintained operational efficiency, reduced costs by 5%, and showcased resilience. TerraCom’s business model, supported by a diversified customer base and a strong market reputation for its high-quality thermal coal product, remains robust. The company is focused on maximizing value from its Blair Athol operations, divesting South African operations, and commercializing the Moorlands Project to enhance its market position and deliver sustained stakeholder value.
More about TerraCom Limited
TerraCom Limited (ASX:TER) is an Australian-based mining resources company with a global presence, focusing on coal sectors in Australia and South Africa. Known for being a low-cost producer, TerraCom is dedicated to delivering exceptional outcomes from its diversified asset portfolio.
YTD Price Performance: -27.78%
Average Trading Volume: 1,220,901
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$104.1M
For a thorough assessment of TER stock, go to TipRanks’ Stock Analysis page.