First Development Resources (LSE:FDR) EBIT: £-1.21 Mil (TTM As of Dec. 2025)


What is First Development Resources EBIT?

First Development Resources LSE:FDR EBIT is £-1.21 Mil as of Dec. 2025. The stock has 3 warning signs investors should review.

First Development Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was £-0.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was £-1.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Development Resources's annualized ROC % for the quarter that ended in Dec. 2025 was -29.43%. First Development Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -46.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Development Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -46.17%.

First Development Resources  (LSE:FDR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

First Development Resources's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-1.298 * ( 1 - 0% )/( (4.402 + 4.42)/ 2 )
=-1.298/4.411
=-29.43 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3.758 - 0.341 - ( 0.017 - max(0, 1.008 - 0.023+0.017))
=4.402

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.9 - 0.197 - ( 1.561 - max(0, 0.333 - 1.616+1.561))
=4.42

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

First Development Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.844/( ( (3.732 + max(-0.613, 0)) + (4.284 + max(-0.142, 0)) )/ 2 )
=-1.844/( ( 3.732 + 4.284 )/ 2 )
=-1.844/4.008
=-46.01 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.006) - (0.341 + 0 + 0.278)
=-0.613

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.055 + 0 + 2.2204460492503E-16) - (0.197 + 0 + 0)
=-0.142

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

First Development Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-1.206/2.612
=-46.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Development Resources EBIT Related Terms

First Development Resources EBIT Historical Data

* Premium members only.

The historical data trend for First Development Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Development Resources EBIT Chart

First Development Resources Annual Data
Trend Jun22 Jun23 Jun24 Jun25
EBIT
0.00 -0.49 -0.30 -0.46

First Development Resources Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial -0.13 -0.17 -0.18 -0.28 -0.92

First Development Resources EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Development Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Development Resources EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Development Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Development Resources's EV-to-EBIT falls into.


First Development Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.21 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of £-1.21 Mil mean?
First Development Resources (LSE:FDR) has a EBIT of £-1.21 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Development Resources.
Is First Development Resources' EBIT too high?
First Development Resources' current EBIT is £-1.21 Mil.
How does First Development Resources' EBIT compare to competitors?
First Development Resources' EBIT of £-1.21 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Development Resources. First Development Resources's current EBIT is £-1.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Development Resources stock overvalued right now?
First Development Resources (LSE:FDR) has a current EBIT of £-1.21 Mil. The current EBIT is £-1.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For First Development Resources (LSE:FDR), the current EBIT is £-1.21 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Development Resources Business Description

Address c/o D&A Secretarial Services Limited, 99 Gresham Street, 6th Floor, London, GBR, EC2V 7NG
First Development Resources PLC is a mineral exploration company. Its is engaged in the holding of Australian based mining assets and progressing the exploration and exploitation of those assets. The Group holds mining assets comprising the wholly owned Wallal, Rippon Hills, Braeside West and Selta Projects.