← MACH NATURAL RESOURCES LP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $829k | $1.3m | $26k | $147.2m | $42.5m | $392.5m | $937.4m | $762.3m | $969.6m | $1.2b | |
| Cost of revenue | $738k | $361k | $7k | ($132.1m) | ($39.2m) | $68.9m | $157.2m | $78.4m | $140.6m | $178.1m | |
| Cost of sales | — | — | — | ($132.1m) | ($39.2m) | ($18.5m) | ($14.5m) | — | — | — | |
| Gross profit (derived) | $90k | $952k | $19k | $15.0m | $3.3m | $241k | $5.8m | $683.9m | $829.0m | $997.3m | |
| Total operating expenses | — | — | — | — | — | $237.1m | $415.0m | $403.2m | $678.6m | $930.4m | |
| Operating Income (Loss) | ($1.3m) | ($881k) | ($887k) | ($961k) | ($1.5m) | $155.4m | $522.4m | $359.1m | $291.0m | $244.9m | |
| Additional Financial Items | |||||||||||
| Results of Operations, Depreciation, Depletion, Amortization and Accretion | — | — | — | — | — | $37.5m | $84.1m | $131.1m | $261.9m | $280.5m | |
| Production taxes | — | — | — | — | — | $21.2m | $47.8m | $31.9m | $45.7m | $48.8m | |
| Depreciation, depletion, amortization and accretion – oil and natural gas | — | — | — | — | — | $37.5m | $84.1m | $131.1m | $261.9m | $280.5m | |
| Depreciation and amortization – other | — | — | — | — | — | $3.1m | $4.5m | $6.5m | $9.0m | $12.3m | |
| General and administrative | $425k | $395k | $282k | $345k | $578k | $60.9m | $25.5m | $27.7m | $40.8m | $56.6m | |
| Impairment of oil and gas properties | — | — | — | — | — | — | — | $0 | $0 | $90.4m | |
| Loss on debt extinguishment | — | — | — | — | — | — | — | $0 | $0 | ($18.5m) | |
| Basic (shares) | $47.3m | $47.9m | $47.1m | $46.1m | $46.1m | $46.8m | $46.5m | $94.9m | $97.6m | $131.5m | |
| Depreciation | $139k | $125k | $138k | $142k | $155k | $174k | $188k | $166k | $137k | $133k | |
| Exploration | — | $361k | $466k | $474k | $748k | $1.6m | $982k | $816k | $877k | $1.4m | |
| Recovery of gold, net | — | $1.3m | $2.8m | $1.9m | $2.4m | $4.1m | $3.7m | $3.5m | $4.2m | $4.2m | |
| Foreign exchange loss | ($19k) | ($30k) | ($234k) | ($41k) | ($125k) | ($426k) | ($938k) | ($203k) | ($353k) | $677k | |
| Net gain (loss) on trading securities | — | $44k | ($32k) | $1.5m | $1.3m | $715k | $361k | ($58k) | $160k | $1.4m | |
| Interest earned and dividends | — | — | — | — | — | $56k | $143k | $372k | $418k | $372k | |
| Change in valuation of warrant and derivative liabilities | — | — | — | — | — | — | — | $0 | $0 | ($152k) | |
| Impairment loss on trading securities | — | — | — | $0 | $0 | ($211k) | $0 | ($1.3m) | $0 | $0 | |
| Change in fair value warrant derivative liability | — | — | ($115k) | ($22k) | $137k | $0 | $0 | — | — | — | |
| Amortization | $139k | $125k | $138k | $142k | $155k | $174k | $188k | $166k | $137k | $133k | |
| Net gain (loss) gain on trading securities | — | $44k | ($32k) | $1.5m | $1.3m | $715k | $361k | ($58k) | $160k | $1.4m | |
| Provision for doubtful debts | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net gain (loss) on sales of trading securities | $32k | $44k | — | — | — | — | — | — | — | — | |
| Profit or Loss | ($23.0m) | ($30.0m) | ($6.2m) | ($47.9m) | $22.9m | ($55.0m) | ($22.3m) | ($12.4m) | ($3.2m) | ($1.2m) | |
| Foreign currency translation adjustments of the subsidiaries | — | — | — | — | — | $3.3m | ($8.1m) | ($2.8m) | ($4.1m) | ($5.4m) | |
| Foreign currency translation adjustments of the Company | — | — | — | — | — | ($10.9m) | $9.6m | $1.4m | $5.6m | $4.9m | |
| From continuing operations | — | — | — | — | — | ($51.5m) | ($21.8m) | ($9.7m) | ($1.6m) | ($1.7m) | |
| From discontinued operations | ($18.6m) | ($23.8m) | — | — | — | ($4.3m) | ($1.3m) | ($5.5m) | — | — | |
| Other income/(losses) | — | — | — | $1.4m | $1.6m | ($183k) | $904k | — | — | — | |
| Fair value gain/(loss) on financial instruments, net | — | — | — | — | $31.3m | ($38.3m) | $1.0m | — | — | — | |
| Impairment (losses)/reversal on financial assets | — | — | — | — | ($4.2m) | ($3.3m) | $1.1m | — | — | — | |
| Interest Income | $75k | $39k | $26k | $12.8m | $15.5m | $16.9m | $15.6m | — | — | — | |
| PROFIT/(LOSS) BEFORE INCOME TAX | ($4.4m) | ($6.2m) | ($6.2m) | ($49.3m) | $24.2m | ($52.8m) | ($16.4m) | ||||
| PROFIT/(LOSS) FOR THE YEAR | ($4.4m) | ($6.2m) | ($6.2m) | ($5.6m) | $22.9m | ($55.0m) | ($22.3m) | ||||
| Impairment losses on financial assets | — | — | — | ($9.4m) | ($4.2m) | ($3.3m) | — | — | — | — | |
| (LOSS)/PROFIT FOR THE YEAR | ($47.9m) | $22.9m | ($55.0m) | ||||||||
| LOSS BEFORE INCOME TAX FROM DISCONTINUED OPERATIONS | ($18.6m) | ($23.8m) | |||||||||
| ATTRIBUTABLE TO: Owners of the Company | ($23.0m) | ($30.0m) | ($6.2m) | ($5.6m) | — | — | — | — | — | — | |
| - For loss from discontinued operations | ($1) | ($1) | — | — | — | — | — | — | — | — | |
| - For loss from continuing operations | ($0) | ($0) | ($0) | — | — | — | — | — | — | — | |
| Total other comprehensive (loss)/income for the year, net of tax | — | — | — | — | — | ($7.7m) | $1.5m | ($1.4m) | $1.5m | ($503k) | |
| TOTAL COMPREHENSIVE LOSS FOR THE YEAR | ($62.6m) | ($20.8m) | ($13.8m) | ($1.6m) | ($1.7m) | ||||||
| Income before tax | — | — | $1.5m | $2.4m | $2.3m | $2.0m | $1.6m | $877k | $2.7m | $4.2m | |
| Net Income (Loss) Including Income (Loss) Related To Predecessor | — | — | — | — | — | — | — | $346.6m | $185.2m | $143.0m | |
| Net income attributable to non-controlling interest | ($13k) | ($98k) | ($233k) | ($140k) | ($142k) | ($122k) | ($133k) | ($181k) | ($250k) | ($299k) | |
| Net income after tax | ($468k) | $454k | $1.5m | $2.4m | $2.0m | $958k | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | ($481k) | $356k | $1.3m | $2.2m | $2.0m | $138.4m | $516.8m | $346.6m | $185.2m | $143.0m | |
| Net Income Attributable to Noncontrolling Interest | — | — | — | ($4.9m) | ($1.4m) | ($6.8m) | $2.3m | — | — | — | |
| Earnings Per Share, Basic | ($0.01) | $0.01 | $0.03 | $0.05 | $0.04 | $0.02 | $0.01 | $0.72 | $1.90 | $1.09 | |
| Earnings Per Share, Diluted | ($0.01) | $0.01 | $0.03 | $0.05 | $0.04 | $0.02 | $0.01 | $0.72 | $1.90 | $1.09 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | — | — | — | 94.9m | 97.6m | 131.5m | |
| Diluted weighted average number of common shares outstanding | 47.3m | 51.3m | 49.4m | 49.6m | 49.6m | 48.9m | 48.8m | 46.4m | 49.0m | 48.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | — | — | 94.9m | 97.7m | 131.5m | |
| Other Nonoperating Income (Expense) | $9k | $9k | $16k | $48k | $46k | $1.0m | ($691k) | ($1.4m) | ($1.2m) | ($11.2m) | |
| Lease operating expense | — | — | — | — | — | $45.4m | $95.9m | $127.6m | $180.5m | $263.8m | |
| Other (expense) income, net | $9k | $9k | $16k | $48k | $46k | $1.0m | ($691k) | ($1.4m) | ($1.2m) | ($11.2m) | |
| Warrant (expense) gain | ($1k) | $0 | — | — | — | — | — | — | — | — | |
| Selling and distribution expenses | — | — | — | ($828k) | ($758k) | ($922k) | ($700k) | — | — | — | |
| Administrative expenses | ($4.5m) | ($6.2m) | ($6.2m) | ($19.9m) | ($18.9m) | ($22.9m) | ($36.7m) | — | — | — | |
| Finance costs | ($1k) | ($14k) | $5k | ($340k) | ($3.7m) | ($4.4m) | ($3.4m) | — | — | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $104.6m | $72.2m | |
| Interest Expense | ($15k) | ($1k) | — | — | — | ($1.7m) | $4.9m | $11.2m | ($104.6m) | ($72.2m) | |
| Income tax expense | — | — | $0 | $0 | ($295k) | ($1.1m) | ($800k) | ($862k) | ($800k) | ($186k) | |
| Income tax benefit/(expense) | — | — | — | $1.4m | ($1.3m) | ($2.1m) | — | — | — | — | |
| Total other expense | $835k | $1.3m | $2.4m | $3.3m | $3.8m | ($17.0m) | ($5.5m) | ($12.6m) | ($105.8m) | ($102.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.