GRANGE RESOURCES WKN: 917447 ISIN: AU000000GRR8 Kürzel: GRR Forum: Aktien Thema: Hauptdiskussion

Key takeouts from the company’s earnings results on Friday include: Revenues from operations of $781.7 million compared to $526.3 million for the prior year Pellet production of 2.60 million tonnes for the year compared to 2.35 million tonnes for the prior year Total iron ore product sales of 2.62 million tonnes for the year compared to 2.49 million tonnes for the prior year Profit after tax of $321.6 million for the year compared to $203.2 million for the prior year Average realised product price of $276.17 per tonne for the year compared to $196.77 for the prior year Unit C1 cash operating costs of $99.73 per tonne for the year compared to $99.77 for the prior year Cash and cash equivalents position of $443.9 million at the end of year compared to $183.4 million at the end of the prior year Fully franked special dividend for year ended 31 December 2021 of 10 cents per share What happened this period for Grange Resources? Grange noted that total sales for the year were 2.62 million tonnes, up from 2.49 million tonnes in 2022. The gain reflects “sustained production from maintaining access to high grade ore”. This enabled Grange to recognise total revenue of $782 million for the year, a mammoth 144% gain from the previous year. As a result, the company grew its after-tax profit from $203 million to over $321 million in 2021 and the company left the year with $444 million in cash on the balance sheet. Curiously, Grange reports no impact to its earnings profile from COVID-19 lockdowns, a clear distinction from most other ASX players in 2021. “To date, the Company has had no material production impact due to COVID-19”, it said. “The impact of the pandemic continues to be well managed across our operations”. Grange also announced it has adopted an “Environmental, Social, and Governance (ESG) framework with 21 core metrics and 

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