Switch Metals (LSE:SWT) Net Income: £-2.23 Mil (TTM As of Dec. 2025)


What is Switch Metals Net Income?

Switch Metals LSE:SWT Net Income is £-2.23 Mil as of Dec. 2025. The stock has 3 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Switch Metals's Net Income for the six months ended in Dec. 2025 was £-1.23 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was £-2.23 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Switch Metals's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was £-0.01.

Switch Metals  (LSE:SWT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Switch Metals's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2025 is calculated as

Earnings per Share (Diluted) (Q: Dec. 2025 )=(Net Income-Preferred Dividends)/Shares Outstanding (Diluted Average)
=(-1.227-0)/118.390
=-0.01

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Switch Metals Net Income Related Terms

Switch Metals Net Income Historical Data

* Premium members only.

The historical data trend for Switch Metals's Net Income 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.

Switch Metals Net Income Chart

Switch Metals Annual Data
Trend Jan22 Jan23 Jan24 Dec25
Net Income
-0.17 -0.25 -0.28 -2.23

Switch Metals Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jun25 Dec25
Net Income Get a 7-Day Free Trial Premium Member Only -0.27 -0.01 -0.18 -1.00 -1.23

Switch Metals Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Switch Metals's Net Income for the fiscal year that ended in Dec. 2025 is calculated as

Net Income(A: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.23+0+0+0
=-2.23

Switch Metals's Net Income for the quarter that ended in Dec. 2025 is calculated as

Net Income(Q: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.227+0+0+0
=-1.23

Net Income 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 £-2.23 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 Net Income →
What does a Net Income of £-2.23 Mil mean?
Switch Metals (LSE:SWT) has a Net Income of £-2.23 Mil as of Dec. 2025. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Switch Metals and its competitors.
Is Switch Metals' Net Income too high?
Switch Metals' current Net Income is £-2.23 Mil.
How does Switch Metals' Net Income compare to competitors?
Switch Metals' Net Income of £-2.23 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 Net Income for a Metals & Mining company?
A good Net Income depends on the Metals & Mining industry context. However, Net Income 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 Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Switch Metals and its competitors. Switch Metals's current Net Income is £-2.23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Switch Metals stock overvalued right now?
Switch Metals (LSE:SWT) has a current Net Income of £-2.23 Mil. The current Net Income is £-2.23 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Switch Metals (LSE:SWT), the current Net Income is £-2.23 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.

Switch Metals Business Description

Address One Mayfair Place, Level 1, Devonshire House, London, GBR, W1J 8AJ
Switch Metals PLC holder of coltan (tantalum and niobium) and lithium licences in Cote d'Ivoire. Its Projects are Issia, Bouake, and Tiassale.