Mangentu Mining reported an increase of 31% in gross profit in the six months ended 31 August 2025 and its revenue more than doubled – increasing by 109% – compared to the same period last year.
HIGHLIGHTS
- Revenue increased to R243.0 million (HY24: R115.9 million)
- Gross profit increased to R69.5 million (HY24: R53.0 million)
- Operating loss increased to R54.6 million (HY24: R24.3 million profit), primarily due to higher operating costs, certain of which were once off in nature
- Comprehensive loss increased to R42.8 million (HY24: R3.0 million profit)
- Loss per share increased to 27 cents per share (HY24: Earnings of 2 cents per share)
- Headline loss per share increased to 27 cents per share (HY24: Headline earnings of 2 cents per share)
- Total assets increased to R1.446 billion (HY24: R574 million)
- Total liabilities increased to R964.1 million (HY24: R438.5 million)
- Total net asset value increased to R482.2 million (HY24: R135.9 million)
- No dividend declared for the interim period (HY24: nil cents per share)
Although Mantengu listed in August 2022, Mantengu had to complete a rights issue (December 2022) and share consolidation (31 March 2023) to correct the legacy issues created because of the reverse takeover. This meant that Mantengu could only actively trade from 1 April 2023 onwards, meaning that the company is effectively 2.5 years old and at the very beginning of its investment journey.
The Group has undergone a massive growth phase which has underpinned the significant growth in the Group’s balance sheet, specifically net asset value. Mantengu has made the following investments over the last 12 months: