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South32
(Sydney:S32)
South32 (S32) vs. iShares MSCI Australia ETF (EWA)
South32 Business Overview & Revenue Model
South32 Earnings Call Summary
South32 Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.47B | 5.78B | 5.48B | 5.65B | 9.27B | 5.48B |
| Gross Profit | 2.22B | 2.52B | 1.86B | 1.94B | 5.46B | 2.57B |
| EBITDA | 429.00M | 1.34B | 141.00M | 416.00M | 4.47B | 1.47B |
| Net Income | 104.00M | 213.00M | -203.00M | -173.00M | 2.67B | -195.00M |
Balance Sheet | ||||||
| Total Assets | 13.86B | 13.73B | 14.24B | 14.56B | 16.34B | 13.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 1.68B | 842.00M | 1.26B | 2.37B | 1.61B |
| Total Debt | 1.65B | 1.63B | 1.57B | 1.74B | 1.83B | 1.21B |
| Total Liabilities | 4.68B | 4.87B | 5.27B | 5.19B | 5.56B | 4.29B |
| Stockholders Equity | 9.16B | 8.85B | 8.96B | 9.38B | 10.78B | 8.96B |
Cash Flow | ||||||
| Free Cash Flow | -46.00M | 332.00M | -2.00M | 303.00M | 2.48B | 815.00M |
| Operating Cash Flow | 450.00M | 1.33B | 1.12B | 1.19B | 3.07B | 1.41B |
| Investing Cash Flow | 417.00M | -20.00M | -1.11B | -908.00M | -2.10B | -608.00M |
| Financing Cash Flow | -108.00M | -405.00M | -417.00M | -1.39B | -215.00M | -501.00M |
South32 Technical Analysis
South32 Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | 17.01B | 1,965.12 | ― | ― | 20.12% | -90.49% | |
60 Neutral | £11.95B | 29.89 | 3.64% | 3.52% | 6.53% | ― | |
58 Neutral | 8.10B | -8.93 | ― | ― | -15.27% | -817.26% | |
57 Neutral | 7.73B | -37.91 | -5.54% | ― | -38.69% | -174.12% | |
55 Neutral | 3.17B | -12.76 | -7.97% | 5.48% | -2.30% | -234.27% | |
47 Neutral | 3.87B | -4.05 | -45.62% | 5.06% | -37.23% | -32433.33% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
South32 Corporate Events
South32 reported strong operational performance in the June 2025 quarter, surpassing its FY25 production guidance with notable growth in copper and aluminium. The company completed significant transactions, including the sale of Illawarra Metallurgical Coal and the divestment of Cerro Matoso, aligning its portfolio with higher-returning businesses. South32’s Hermosa project saw substantial investment, advancing key milestones in the Taylor zinc-lead-silver project and exploration at the Clark manganese deposit. The company also returned US$350M to shareholders and continued to address operational challenges, such as securing electricity supply for Mozal Aluminium.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited is facing challenges in securing a new electricity supply agreement for its Mozal Aluminium smelter in Mozambique, with the current agreement expiring in March 2026. The uncertainty around future electricity supply, exacerbated by potential drought impacts on hydro-electric power generation, has led South32 to anticipate an impairment expense in its FY25 results and to review its FY26 production guidance for Mozal.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited announced the cessation of 382,410 securities due to the lapse of conditional rights, as the conditions for these securities were not met by the deadline of June 30, 2025. This cessation of securities may impact the company’s capital structure and could influence investor perceptions, though the overall implications for stakeholders were not detailed in the announcement.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced the issuance of 198,318 unquoted securities under an employee incentive scheme. This move reflects the company’s ongoing efforts to incentivize its workforce and align employee interests with company performance, potentially impacting its operational dynamics and stakeholder relations.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced a binding agreement to sell its Cerro Matoso nickel operation to CoreX Holding B.V., following a strategic review due to structural changes in the nickel market. This transaction aligns with South32’s strategy to streamline its portfolio towards higher-margin businesses in minerals and metals essential for energy transition, providing balance sheet flexibility for future investments in copper and zinc. The deal involves nominal consideration with future cash payments up to $100 million based on production and permitting milestones, and is expected to complete in late 2025, subject to conditions including international merger clearances.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced the cessation of 3,632,470 ordinary fully paid securities due to an on-market buy-back, effective June 30, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market positioning, and reflects its ongoing efforts to optimize shareholder returns.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced a change in its registered office and principal place of business to Level 2, 100 St Georges Terrace, Perth, WA 6000, effective from July 1, 2025. This administrative update, which includes the disconnection of its previously disclosed facsimile number, signifies a strategic move in the company’s operational logistics, potentially impacting its business operations and stakeholder communications.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 328,428 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 24,574,159 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market position and shareholder confidence.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update on its ongoing share buy-back program, with a total of 24,134,802 securities bought back before the previous day and an additional 439,357 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and deliver value to its shareholders, reflecting confidence in its financial position and future prospects.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update regarding its ongoing on-market buy-back program. As of June 13, 2025, the company has bought back a total of 23,702,941 ordinary fully paid securities, with an additional 431,861 securities repurchased on the previous day. This buy-back initiative is part of South32’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to efficient capital management.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 373,015 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 23,329,926 securities repurchased since the program’s inception. This buy-back initiative is part of South32’s strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update regarding its ongoing on-market buy-back program. As of June 4, 2025, the company has repurchased a total of 22,946,016 of its ordinary fully paid shares, with 675,514 shares bought back on the previous day. This buy-back initiative is part of South32’s strategy to optimize its capital structure and return value to shareholders, reflecting confidence in its financial position and future prospects.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited announced the cessation of 1,218,635 ordinary fully paid securities due to an on-market buy-back, effective May 31, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market positioning by reducing the number of outstanding shares.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited announced a change in the director’s interest, with Director Jane Nelson acquiring 40,000 ordinary shares of the company through an on-market purchase on the Australian Securities Exchange. This transaction reflects a direct interest in the company, with the shares valued at $121,260.61, potentially indicating confidence in the company’s future performance.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update on its ongoing on-market buy-back program, with a total of 21,166,169 securities bought back before the previous day and an additional 492,325 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder relations.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 20,772,342 securities prior to the previous day, with an additional 393,827 securities bought back on the previous day. This buy-back initiative is part of South32’s strategy to optimize its capital structure and enhance shareholder value.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 Limited announced a strategic update as it approaches its 10-year anniversary, emphasizing its shift towards metals and minerals vital for the global energy transition. This repositioning is expected to enhance South32’s market position and potentially impact stakeholders by aligning with the growing demand for sustainable energy solutions.
The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.65 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.
South32 has announced a leadership transition with Matthew Daley set to become the new CEO in 2026, succeeding Graham Kerr. Daley, who brings extensive experience from Anglo American and Glencore, will join as Deputy CEO in February 2026. This transition follows a comprehensive global search and is expected to continue South32’s strategic transformation towards a focus on minerals and metals critical to the energy transition. The company is well-positioned for future growth with a strong balance sheet and an attractive commodity mix.