Income Statement Vast Resources plc

Equities

VAST

GB00BQ7WTT20

Diversified Mining

Market Closed - London S.E. Other stock markets 09:05:25 16/09/2024 pm IST			5-day change	1st Jan Change
0.1025 ^GBX	-4.65%		+0.49%	-84.74%

11/09	Vast Resources Signs Agreements for Romanian Gold Mine	MT
11/09	Vast Resources plc Announces Operational Updates	CI

5ed0845567b1c41cc2517006c.eNV4tRrzCBX376YLslWuEFx7J2BJbwB32_ykQ0iNQok.IoE9z06SQEDDjeRSxTTDSWQxflkiCmsoq7DtCg7GKsIuuU3qT7VbW5ie5w

Published financial data: VAST RESOURCES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2019	2020	2021	2022	2023
Revenues	31.68L	-	9L	37.81L	37.2L
Total Revenues	31.68L	-	9L	37.81L	37.2L
Cost of Goods Sold, Total	40.1L	-	26.42L	74.03L	84.02L
Gross Profit	-8L	-	-17.46L	-36.22L	-46.82L
Selling General & Admin Expenses, Total	39.9L	40.88L	42.39L	45.17L	38.8L
Stock-Based Compensation (IS)	2L	4L	2L	4L	3L
Depreciation & Amortization - (IS)	11.13L	9L	7L	8L	7L
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	-3L	-2L	-88T	-59T	5T
Other Operating Expenses, Total	50.59L	52.66L	50.53L	56.26L	48.65L
Operating Income	-59.01L	-52.66L	-67.99L	-92.48L	-95.47L
Interest Expense, Total	-8L	-10.99L	-35.09L	-24.87L	-23.7L
Interest And Investment Income	923	30T	4T	-	-
Net Interest Expenses	-8L	-10.69L	-35.05L	-24.87L	-23.7L
Currency Exchange Gains (Loss)	-25.83L	-19.77L	26.12L	-37.54L	14.11L
EBT, Excl. Unusual Items	-92.63L	-83.12L	-76.92L	-1.55Cr	-1.05Cr
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-29T	-3T	-
Gain (Loss) On Sale Of Assets	77.54T	-	2T	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-91.86L	-83.12L	-77.19L	-1.55Cr	-1.05Cr
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-91.86L	-83.12L	-77.19L	-1.55Cr	-1.05Cr
Earnings Of Discontinued Operations	1.57Cr	-	-	-	-
Net Income to Company	65.5L	-83.12L	-77.19L	-1.55Cr	-1.05Cr
Minority Interest	-63.26L	3L	-36T	-	-
Net Income - (IS)	2L	-80L	-77.55L	-1.55Cr	-1.05Cr
Net Income to Common Incl Extra Items	2L	-80L	-77.55L	-1.55Cr	-1.05Cr
Net Income to Common Excl. Extra Items	-1.55Cr	-80L	-77.55L	-1.55Cr	-1.05Cr
Per Share Items
Net EPS - Basic	-	-0.5	-0.29	-0.34	-0.03
Basic EPS - Continuing Operations	-	-0.5	-0.29	-0.34	-0.03
Basic Weighted Average Shares Outstanding	98.12L	1.6Cr	2.64Cr	4.5Cr	31Cr
Net EPS - Diluted	-	-0.5	-0.29	-0.34	-0.03
Diluted EPS - Continuing Operations	-	-0.5	-0.29	-0.34	-0.03
Diluted Weighted Average Shares Outstanding	98.12L	1.6Cr	2.64Cr	4.5Cr	31Cr
Normalized Basic EPS	-	-0.31	-0.18	-0.21	-0.02
Normalized Diluted EPS	-	-0.31	-0.18	-0.21	-0.02
Supplemental Items
EBITDA	-16.98L	-43.53L	-60.75L	-84.36L	-88.41L
EBITA	-59.01L	-52.66L	-67.99L	-92.48L	-95.47L
EBIT	-59.01L	-52.66L	-67.99L	-92.48L	-95.47L
Effective Tax Rate - (Ratio)	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-1.21Cr	-48.83L	-48.44L	-96.81L	-65.66L
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	2L	4L	2L	4L	3L
Total Stock-Based Compensation	2L	4L	2L	4L	3L

Fiscal Period: April	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6L	5L	13.85L	1L	5L
Short Term Investments	-	9L	-	-	-
Total Cash And Short Term Investments	6L	13.98L	13.85L	1L	5L
Accounts Receivable, Total	-	4L	9L	2L	2L
Other Receivables	22.89L	18.09L	19.1L	21.88L	22.61L
Notes Receivable	2L	2L	3L	3L	3L
Total Receivables	24.63L	23.8L	31.18L	26.51L	28.11L
Inventory	4L	5L	9L	8L	10L
Prepaid Expenses	74T	81T	89T	2L	1L
Restricted Cash	-	-	-	-	-
Total Current Assets	35.19L	43.35L	55.28L	37.76L	44.39L
Gross Property Plant And Equipment	1.58Cr	1.8Cr	2.37Cr	2.26Cr	2.52Cr
Accumulated Depreciation	-45.21L	-52.18L	-64.45L	-64.25L	-73.8L
Net Property Plant And Equipment	1.13Cr	1.27Cr	1.73Cr	1.62Cr	1.78Cr
Long-term Investments	-	-	9L	13.08L	13.08L
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Total Assets	1.48Cr	1.71Cr	2.37Cr	2.13Cr	2.36Cr
Liabilities
Accounts Payable, Total	11.93L	16.45L	14.34L	26.08L	34.58L
Accrued Expenses, Total	2L	2L	35T	68T	1L
Short-term Borrowings	14.76L	2L	3L	2L	2L
Current Portion of Long-Term Debt	-	2L	93.25L	1.01Cr	89.41L
Current Income Taxes Payable	10.27L	7L	15.28L	13.25L	33.46L
Other Current Liabilities	10.33L	9L	8L	17.51L	18.72L
Total Current Liabilities	49.46L	38.12L	1.34Cr	1.61Cr	1.79Cr
Long-Term Debt	40.43L	83.43L	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	5L	4L	12.06L	30.99L	30.98L
Total Liabilities	94.78L	1.26Cr	1.46Cr	1.92Cr	2.1Cr
Common Stock, Total	1.09Cr	1.42Cr	2.82Cr	6L	35.64L
Additional Paid In Capital	8.17Cr	8.3Cr	8.93Cr	9.47Cr	10Cr
Retained Earnings	-10Cr	-11Cr	-12Cr	-14Cr	-14Cr
Comprehensive Income and Other	1.37Cr	1.5Cr	1.32Cr	4.3Cr	4.02Cr
Total Common Equity	53.43L	48.44L	91.18L	21.29L	25.43L
Minority Interest	-41T	-3L	-	-	-
Total Equity	53.02L	44.95L	91.18L	21.29L	25.43L
Total Liabilities And Equity	1.48Cr	1.71Cr	2.37Cr	2.13Cr	2.36Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.32Cr	1.77Cr	3.55Cr	8.17Cr	49Cr
ECS Total Common Shares Outstanding	1.32Cr	1.77Cr	3.55Cr	8.17Cr	49Cr
Book Value / Share	0.41	0.27	0.26	0.03	0.01
Tangible Book Value	53.43L	48.44L	91.18L	21.29L	25.43L
Tangible Book Value Per Share	0.41	0.27	0.26	0.03	0.01
Total Debt	55.19L	87.35L	95.93L	1.03Cr	91.69L
Net Debt	49.5L	73.37L	82.08L	1.02Cr	86.39L
Minority Interest, Total (Incl. Fin. Div)	-41T	-3L	-	-	-
Equity Method Investments, Total	-	-	-	4L	4L
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	4L	4L	7L	7L	6L
Inventories - Finished Goods, Total	61T	58T	3L	2L	4L
Buildings, Total	32.12L	30.93L	33.26L	31.46L	32.48L
Machinery, Total	36.12L	35.27L	55.32L	44.38L	53.33L
Full Time Employees	219	179	226	367	350
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: April	2019	2020	2021	2022	2023
Net Income	2L	-80L	-77.55L	-1.55Cr	-1.05Cr
Depreciation & Amortization - CF	42.04L	9L	7L	8L	7L
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	42.04L	9L	7L	8L	7L
(Gain) Loss From Sale Of Asset	-70.15T	-	-2T	-	-
(Gain) Loss on Sale of Investments - (CF)	9.23T	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	2L	4L	2L	4L	3L
Net Cash From Discontinued Operations	77.52L	-	-	-	-
Other Operating Activities, Total	-94.1L	-3L	35.45L	64.33L	7L
Change In Accounts Receivable	19.75L	3L	-15.13L	4L	-1L
Change In Inventories	11.91L	1L	-10L	97T	-1L
Change In Accounts Payable	-11.77L	12.2L	-2L	38.59L	26.56L
Cash from Operations	49.42L	-52.32L	-59.57L	-35.62L	-63.96L
Capital Expenditure	-1.05Cr	-27.56L	-43.91L	-14.67L	-18.96L
Sale of Property, Plant, and Equipment	2L	-	2T	-	25T
Cash Acquisitions	-41.35L	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	5L	-9L	-	-4L	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	16.74L	-	-	-	-
Cash from Investing	-1.23Cr	-36.47L	-43.89L	-18.84L	-18.71L
Long-Term Debt Issued, Total	61.65L	65.19L	-	-	45L
Total Debt Issued	56.91L	65.19L	-	-	45L
Long-Term Debt Repaid, Total	-70.29L	-23.56L	-20.03L	-4L	-56.22L
Total Debt Repaid	-64.88L	-23.56L	-20.03L	-4L	-56.22L
Issuance of Common Stock	74.86L	46.25L	1.33Cr	45.28L	98.16L
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	66.89L	87.88L	1.13Cr	41.64L	86.94L
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-7L	-91T	9L	-12.82L	4L
Supplemental Items
Levered Free Cash Flow	-	-50L	-1.08Cr	-51.97L	-55.75L
Unlevered Free Cash Flow	-	-43.13L	-85.78L	-36.43L	-40.94L
Change In Net Working Capital	-	-4L	8L	-24.36L	-27.89L
Net Debt Issued / Repaid	-8L	41.63L	-20.03L	-4L	-11.22L

Fiscal Period: April	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	-20.67	-20.84	-25.69	-26.59
Return on Total Capital	-	-26.9	-26.61	-37.1	-49.4
Return On Equity %	-	-169.68	-113.41	-275.49	-449.74
Return on Common Equity	-	-157.06	-111.09	-275.49	-449.74
Margin Analysis
Gross Profit Margin %	-26.57	-	-194.87	-95.79	-125.86
SG&A Margin	125.93	-	473.1	119.47	104.3
EBITDA Margin %	-53.58	-	-678.01	-223.12	-237.66
EBITA Margin %	-186.28	-	-758.82	-244.59	-256.64
EBIT Margin %	-186.28	-	-758.82	-244.59	-256.64
Income From Continuing Operations Margin %	-289.95	-	-861.5	-409.73	-282.42
Net Income Margin %	7.08	-	-865.51	-409.73	-282.42
Net Avail. For Common Margin %	-489.63	-	-865.51	-409.73	-282.42
Normalized Net Income Margin	-382.43	-	-540.57	-256.03	-176.51
Levered Free Cash Flow Margin	-	-	-1.2T	-137.46	-149.87
Unlevered Free Cash Flow Margin	-	-	-957.41	-96.35	-110.05
Asset Turnover
Asset Turnover	-	-	0.04	0.17	0.17
Fixed Assets Turnover	-	-	0.06	0.23	0.22
Receivables Turnover (Average Receivables)	-	-	1.42	7.2	20.33
Inventory Turnover (Average Inventory)	-	-	3.74	8.34	9.27
Short Term Liquidity
Current Ratio	0.71	1.14	0.41	0.24	0.25
Quick Ratio	0.58	0.94	0.31	0.15	0.17
Operating Cash Flow to Current Liabilities	1	-1.37	-0.45	-0.22	-0.36
Days Sales Outstanding (Average Receivables)	-	-	256.23	50.68	17.96
Days Outstanding Inventory (Average Inventory)	-	-	97.54	43.76	39.36
Average Days Payable Outstanding	-	-	181.15	100.97	129.69
Cash Conversion Cycle (Average Days)	-	-	172.62	-6.53	-72.38
Long Term Solvency
Total Debt/Equity	104.09	194.33	105.21	484.55	360.56
Total Debt / Total Capital	51	66.02	51.27	82.89	78.29
LT Debt/Equity	76.25	185.61	-	-	-
Long-Term Debt / Total Capital	37.36	63.06	-	-	-
Total Liabilities / Total Assets	64.13	73.67	61.53	90	89.22
EBIT / Interest Expense	-7.57	-4.79	-1.94	-3.72	-4.03
EBITDA / Interest Expense	-2.18	-3.96	-1.73	-3.39	-3.73
(EBITDA - Capex) / Interest Expense	-15.66	-6.47	-2.98	-3.98	-4.53
Total Debt / EBITDA	-3.25	-2.01	-1.58	-1.22	-1.04
Net Debt / EBITDA	-2.92	-1.69	-1.35	-1.21	-0.98
Total Debt / (EBITDA - Capex)	-0.45	-1.23	-0.92	-1.04	-0.85
Net Debt / (EBITDA - Capex)	-0.41	-1.03	-0.78	-1.03	-0.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	321.99	-1.61
Gross Profit, 1 Yr. Growth %	-	-	-	107.45	29.27
EBITDA, 1 Yr. Growth %	-	156.43	39.56	38.86	4.8
EBITA, 1 Yr. Growth %	-	-10.76	29.11	36.02	3.23
EBIT, 1 Yr. Growth %	-	-10.76	29.11	36.02	3.23
Earnings From Cont. Operations, 1 Yr. Growth %	-	-9.51	-7.13	100.7	-32.18
Net Income, 1 Yr. Growth %	-	-3.67T	-3.06	99.77	-32.18
Normalized Net Income, 1 Yr. Growth %