Cash flow Adriatic Metals PLC

Equities

ADT

AU0000004772

Diversified Mining

Market Closed - Australian S.E. Other stock markets 02:10:17 2024-09-16 EDT			5-day change	1st Jan Change
3.320 ^AUD	+1.84%		+19.00%	-17.21%

09-11	Adriatic Metals loss widens but celebrates ramped up production	AN
09-11	Earnings Flash (ADT1.L) ADRIATIC METALS Posts H1 Loss $-0.08	MT

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Published financial data: ADRIATIC METALS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	-	-	-	-	-
Total Revenues	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	1.62M	3.32M	5.27M	11.94M	17.23M
Exploration / Drilling Costs, Total	-	1.6M	2.88M	1.36M	2.09M
Stock-Based Compensation (IS)	-	3.44M	1.43M	-	1.56M
Depreciation & Amortization - (IS)	11.65K	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	77.5K	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	23.19M	-
Other Operating Expenses	-	-6.13K	-61.87K	-9.02K	-2.44K
Other Operating Expenses, Total	1.71M	6.75M	9.53M	36.47M	20.88M
Operating Income	-1.71M	-6.75M	-9.53M	-36.47M	-20.88M
Interest Expense, Total	-	-11.58K	-1.27M	-2.48M	-2.82M
Interest And Investment Income	37.5K	50.37K	-	334K	740K
Net Interest Expenses	37.5K	38.79K	-1.27M	-2.15M	-2.08M
Currency Exchange Gains (Loss)	-292K	153K	-802K	-4.59M	209K
Other Non Operating Income (Expenses)	-	-	1.2M	-4.08M	-6.18M
EBT, Excl. Unusual Items	-1.96M	-6.56M	-10.41M	-47.29M	-28.93M
Asset Writedown	-	323K	-	-	-
Other Unusual Items	-457K	-646K	20.83K	151K	-
EBT, Incl. Unusual Items	-2.42M	-6.24M	-10.39M	-47.14M	-28.93M
Income Tax Expense	-	-3.36K	-	-	-
Earnings From Continuing Operations	-2.42M	-6.24M	-10.39M	-47.14M	-28.93M
Net Income to Company	-2.42M	-6.24M	-10.39M	-47.14M	-28.93M
Minority Interest	-	-	194K	-	-
Net Income - (IS)	-2.42M	-6.24M	-10.19M	-47.14M	-28.93M
Net Income to Common Incl Extra Items	-2.42M	-6.24M	-10.19M	-47.14M	-28.93M
Net Income to Common Excl. Extra Items	-2.42M	-6.24M	-10.19M	-47.14M	-28.93M
Per Share Items
Net EPS - Basic	-0.02	-0.04	-0.05	-0.18	-0.1
Basic EPS - Continuing Operations	-0.02	-0.04	-0.05	-0.18	-0.1
Basic Weighted Average Shares Outstanding	143M	169M	220M	268M	283M
Net EPS - Diluted	-0.02	-0.04	-0.05	-0.18	-0.1
Diluted EPS - Continuing Operations	-0.02	-0.04	-0.05	-0.18	-0.1
Diluted Weighted Average Shares Outstanding	143M	169M	220M	268M	283M
Normalized Basic EPS	-0.01	-0.02	-0.03	-0.11	-0.06
Normalized Diluted EPS	-0.01	-0.02	-0.03	-0.11	-0.06
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-1.62M	-6.68M	-9.41M	-13.06M	-20.4M
EBITA	-1.63M	-6.75M	-9.53M	-36.47M	-20.88M
EBIT	-1.71M	-6.75M	-9.53M	-36.47M	-20.88M
Effective Tax Rate - (Ratio)	-	0.03	-	-	-
Normalized Net Income	-1.23M	-4.1M	-6.31M	-29.56M	-18.08M
Interest on Long-Term Debt	-	11.58K	24.32K	2.32M	16.65M
Supplemental Operating Expense Items
Marketing Expenses	-	161K	250K	778K	557K
Selling and Marketing Expenses	-	161K	250K	778K	557K
General and Administrative Expenses	1.38M	3.15M	5.02M	11.16M	16.67M
Exploration/Drilling Costs	-	798K	2.88M	1.36M	2.09M
Stock-Based Comp., G&A Exp. (Total)	457K	-	-	1.3M	-
Stock-Based Comp., Other (Total)	-	3.44M	1.43M	-	1.56M
Total Stock-Based Compensation	457K	3.44M	1.43M	1.3M	1.56M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.37M	9.94M	83.17M	60.59M	44.86M
Trading Asset Securities, Total	-	1.24M	-	-	-
Total Cash And Short Term Investments	5.37M	11.18M	83.17M	60.59M	44.86M
Other Receivables	362K	356K	762K	1.71M	6.53M
Total Receivables	362K	356K	762K	1.71M	6.53M
Inventory	-	-	-	-	1.55M
Prepaid Expenses	-	95.2K	443K	17.12M	6.59M
Other Current Assets, Total	-	-	435K	-	98.84K
Total Current Assets	5.73M	11.64M	84.81M	79.42M	59.62M
Gross Property Plant And Equipment	736K	10.29M	47.47M	96.06M	231M
Accumulated Depreciation	-15.19K	-85.94K	-393K	-750K	-1.23M
Net Property Plant And Equipment	721K	10.21M	47.08M	95.31M	230M
Other Intangibles, Total	3.97M	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	1.68M
Total Assets	10.42M	21.84M	132M	175M	291M
Liabilities
Accounts Payable, Total	106K	467K	389K	2.59M	13.72M
Accrued Expenses, Total	26.42K	133K	2.05M	2.62M	3.42M
Short-term Borrowings	-	106K	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	47.37M
Current Portion of Leases	-	10.53K	105K	2.38M	1.5M
Current Income Taxes Payable	2.55K	-	-	-	-
Other Current Liabilities	40.08K	82.97K	1.61M	138K	10.45M
Total Current Liabilities	175K	693K	4.16M	7.72M	76.45M
Long-Term Debt	-	11.59M	11.88M	42.5M	93.43M
Long-Term Leases	-	255K	462K	5.81M	6.64M
Other Non Current Liabilities	-	3.05M	1.85M	10.8M	3.67M
Total Liabilities	175K	948K	18.35M	66.83M	180M
Common Stock, Total	2.01M	2.4M	3.55M	5.38M	5.71M
Additional Paid In Capital	11.08M	24.72M	108M	144M	174M
Retained Earnings	-4.64M	-10.88M	-21.85M	-73.75M	-100M
Comprehensive Income and Other	1.79M	4.65M	24.13M	32.44M	31.14M
Total Common Equity	10.25M	20.9M	114M	108M	111M
Minority Interest	-	2M	-	-	-
Total Equity	10.25M	20.9M	114M	108M	111M
Total Liabilities And Equity	10.42M	21.84M	132M	175M	291M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	151M	183M	266M	274M	306M
ECS Total Common Shares Outstanding	151M	180M	266M	273M	293M
Book Value / Share	0.07	0.12	0.43	0.4	0.38
Tangible Book Value	6.28M	20.9M	114M	108M	111M
Tangible Book Value Per Share	0.04	0.12	0.43	0.4	0.38
Total Debt	0	266K	12.45M	50.68M	149M
Net Debt	-5.37M	-10.92M	-70.72M	-9.9M	104M
Minority Interest, Total (Incl. Fin. Div)	-	2M	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	631K	737K	821K	4.78M	5.61M
Machinery, Total	105K	246K	630K	2.03M	4.09M
Full Time Employees	30	39	133	192	296

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.42M	-6.24M	-10.19M	-47.14M	-28.93M
Depreciation & Amortization - CF	11.18K	89.68K	175K	1.29M	866K
Amortization of Goodwill and Intangible Assets - (CF)	77.5K	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	23.19M	-
Depreciation & Amortization, Total	88.67K	89.68K	175K	24.48M	866K
(Gain) Loss From Sale Of Asset	-	2.21K	-166	-	-
Provision for Credit Losses	-	-323K	-	-	-
Stock-Based Compensation (CF)	432K	3.44M	1.43M	1.3M	1.56M
Other Operating Activities, Total	42.88K	-192K	666K	10.67M	8.05M
Change In Accounts Receivable	-214K	-85.44K	-985K	-172K	-4.82M
Change In Inventories	-	-	-	-	-1.55M
Change In Accounts Payable	63.11K	498K	1.37M	-361K	1.93M
Cash from Operations	-2M	-2.81M	-7.54M	-11.23M	-22.89M
Capital Expenditure	-106K	-5.18M	-10.12M	-58.66M	-101M
Sale of Property, Plant, and Equipment	-	3.94K	1.76K	-	-
Cash Acquisitions	-	624K	-	-	-
Sale (Purchase) of Intangible assets	-3.01M	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-876K	-	-	-
Other Investing Activities, Total	-	37.74K	-	-	1.51M
Cash from Investing	-3.12M	-6.02M	-10.12M	-58.66M	-99.49M
Long-Term Debt Issued, Total	-	14.96M	-	26.18M	81.06M
Total Debt Issued	-	29.91M	-	26.18M	81.06M
Long-Term Debt Repaid, Total	-	-	-	-1.89M	-1.72M
Total Debt Repaid	-	-	-	-1.89M	-1.72M
Issuance of Common Stock	5.85M	13.3M	77.24M	747K	30.66M
Other Financing Activities, Total	-	-11.58K	-5.89M	-2.62M	-3M
Cash from Financing	5.85M	13.28M	71.36M	22.41M	107M
Foreign Exchange Rate Adjustments	-	112K	-108K	-4.43M	-356K
Net Change in Cash	725K	4.57M	53.59M	-51.92M	-15.73M
Supplemental Items
Cash Interest Paid	-	11.58K	1.42M	2.29M	3M
Levered Free Cash Flow	-3.79M	-5.45M	-16.61M	-73.99M	-87.07M
Unlevered Free Cash Flow	-3.79M	-5.45M	-15.82M	-72.44M	-85.31M
Change In Net Working Capital	151K	-418K	1.35M	16.75M	-26.31M
Net Debt Issued / Repaid	-	29.91M	-	24.29M	79.34M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-12.64	-26.16	-5.96	-12.95	-5.61
Return on Total Capital	-12.86	-26.87	-6.39	-13.91	-6.24
Return On Equity %	-29.15	-40.06	-12.82	-36.22	-26.48
Return on Common Equity	-29.15	-40.06	-12.74	-36.22	-26.48
Margin Analysis
Gross Profit Margin %	-	-	-	-	-
SG&A Margin	-	-	-	-	-
EBITDA Margin %	-	-	-	-	-
EBITA Margin %	-	-	-	-	-
EBIT Margin %	-	-	-	-	-
Income From Continuing Operations Margin %	-	-	-	-	-
Net Income Margin %	-	-	-	-	-
Net Avail. For Common Margin %	-	-	-	-	-
Normalized Net Income Margin	-	-	-	-	-
Short Term Liquidity
Current Ratio	32.76	16.79	20.41	10.29	0.78
Quick Ratio	32.76	16.65	20.2	8.07	0.67
Operating Cash Flow to Current Liabilities	-11.46	-4.05	-1.81	-1.45	-0.3
Long Term Solvency
Total Debt/Equity	-	1.27	10.96	46.97	134.59
Total Debt / Total Capital	-	1.26	9.88	31.96	57.37
LT Debt/Equity	-	1.22	10.87	44.77	90.43
Long-Term Debt / Total Capital	-	1.21	9.8	30.46	38.55
Total Liabilities / Total Assets	1.68	4.34	13.91	38.25	61.95
EBIT / Interest Expense	-	-583.15	-7.47	-14.71	-7.4
EBITDA / Interest Expense	-	-575.4	-7.34	-4.84	-7.09
(EBITDA - Capex) / Interest Expense	-	-1.02K	-15.27	-28.49	-42.89
Total Debt / EBITDA	-	-0.04	-1.33	-4.23	-7.44
Net Debt / EBITDA	3.32	1.64	7.56	0.83	-5.2
Total Debt / (EBITDA - Capex)	-	-0.02	-0.64	-0.72	-1.23
Net Debt / (EBITDA - Capex)	3.11	0.92	3.63	0.14	-0.86
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-20.65	221.85	-8.25	0.58	56.28
EBITA, 1 Yr. Growth %	-20.24	212.17	-7.96	177.98	-42.76
EBIT, 1 Yr. Growth %	-16.67	212.17	-7.96	177.98	-42.76
Earnings From Cont. Operations, 1 Yr. Growth %	25.35	158.03	-8.78	232.21	-38.63
Net Income, 1 Yr. Growth %	25.35	158.03	-1.51	238.6	-38.63
Normalized Net Income, 1 Yr. Growth %	1.68	171.39	11.16	242.96	-38.82
Diluted EPS Before Extra, 1 Yr. Growth %	-25.44	148.26	-	178.4	-41.78
Net Property, Plant and Equip., 1 Yr. Growth %	15.14	117.55	24.92	52.47	140.84
Total Assets, 1 Yr. Growth %	61.54	109.56	94.18	-1.42	66.46
Tangible Book Value, 1 Yr. Growth %	18.3	103.88	144.11	-29.21	2.55
Common Equity, 1 Yr. Growth %	61.63	103.88	144.11	-29.21	2.55
Cash From Operations, 1 Yr. Growth %	105.21	58.7	63.34	7.83	103.74
Capital Expenditures, 1 Yr. Growth %	163.05	4.78K	61.02	326.21	72.16
Levered Free Cash Flow, 1 Yr. Growth %	236.84	33.76	-	225.21	17.69
Unlevered Free Cash Flow, 1 Yr. Growth %	236.84	33.58	-	235.38	17.77
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	54.46	80.96	-	2.78	25.38
EBITA, 2 Yr. CAGR %	54.88	81.82	-	71	26.14
EBIT, 2 Yr. CAGR %	57.97	81.59	-	71	26.14
Earnings From Cont. Operations, 2 Yr. CAGR %	85.64	79.85	-	85.35	42.79
Net Income, 2 Yr. CAGR %	85.64	79.85	-	94.42	44.16
Normalized Net Income, 2 Yr. CAGR %	67.19	84.44	-	107.86	44.85
Diluted EPS Before Extra, 2 Yr. CAGR %	12.88	27.55	-	-	27.31
Net Property, Plant and Equip., 2 Yr. CAGR %	10.96	303.72	-	44.88	91.63
Total Assets, 2 Yr. CAGR %	195.1	83.99	-	46.12	28.1
Tangible Book Value, 2 Yr. CAGR %	196.62	98.44	-	38.76	-14.79
Common Equity, 2 Yr. CAGR %	220.85	81.53	-	38.76	-14.79
Cash From Operations, 2 Yr. CAGR %	196.69	69.52	-	42.14	48.22
Capital Expenditures, 2 Yr. CAGR %	5.18	1.03K	-	178.31	170.88
Levered Free Cash Flow, 2 Yr. CAGR %	-	120.11	-	-	95.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	119.96	-	-	98.74
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	114.33	-	-	16.02
EBITA, 3 Yr. CAGR %	-	115.04	-	-	16.55
EBIT, 3 Yr. CAGR %	-	114.54	-	-	16.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-	107.18	-	-	25.88
Net Income, 3 Yr. CAGR %	-	107.18	-	-	29.95
Normalized Net Income, 3 Yr. CAGR %	-	110.69	-	-	35.72
Diluted EPS Before Extra, 3 Yr. CAGR %	-	40.61	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	159.27	-	-	68.48
Total Assets, 3 Yr. CAGR %	-	163.28	-	-	49.81
Tangible Book Value, 3 Yr. CAGR %	-	208.24	-	-	23.15
Common Equity, 3 Yr. CAGR %	-	175.84	-	-	23.15
Cash From Operations, 3 Yr. CAGR %	-	131	-	-	57.32
Capital Expenditures, 3 Yr. CAGR %	-	278.08	-	-	132.78