Perseus Mining (ASX:PRU) Operating Income: A$856 Mil (TTM As of Dec. 2025)


ASX:PRU Perseus Mining Ltd ASX:PRU
92 GF Score
Price A$5.17
GF Value A$3.75
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Perseus Mining Operating Income?

Perseus Mining ASX:PRU -0.96% 92 Operating Income is A$856 Mil as of Dec. 2025. GuruFocus rates ASX:PRU with a GF Score™ of 92/100 and a GF Value™ of A$3.75 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Perseus Mining's Operating Income for the six months ended in Dec. 2025 was A$380 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$856 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Perseus Mining's Operating Income for the six months ended in Dec. 2025 was A$380 Mil. Perseus Mining's Revenue for the six months ended in Dec. 2025 was A$916 Mil. Therefore, Perseus Mining's Operating Margin % for the quarter that ended in Dec. 2025 was 41.53%.

Good Sign:

Perseus Mining Ltd operating margin is expanding. Margin expansion is usually a good sign.

Perseus Mining's 5-Year average Growth Rate for Operating Margin % was 19.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Perseus Mining's annualized ROC % for the quarter that ended in Dec. 2025 was 22.98%. Perseus Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 37.85%.


Perseus Mining  (ASX:PRU) Operating Income Explanation

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

Perseus Mining'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 )
=760.594 * ( 1 - 21.6% )/( (2365.334 + 2824.71)/ 2 )
=596.305696/2595.022
=22.98 %

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))
=3810.065 - 289.922 - ( 1154.809 - max(0, 329.366 - 1511.808+1154.809))
=2365.334

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))
=4090.656 - 237.885 - ( 1028.061 - max(0, 278.297 - 1454.408+1028.061))
=2824.71

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:

Perseus Mining'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 )
=729.952/( ( (1776.952 + max(-57.452, 0)) + (1930.39 + max(149.353, 0)) )/ 2 )
=729.952/( ( 1776.952 + 2079.743 )/ 2 )
=729.952/1928.3475
=37.85 %

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)
=(2.539 + 229.892 + 38.059) - (289.922 + 27.072 + 10.948)
=-57.452

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(121.974 + 205.718 + 98.655) - (237.885 + 21.23 + 17.879)
=149.353

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. Operating Income is also linked to Operating Margin %:

Perseus Mining's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=380.297/915.734
=41.53 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Perseus Mining Operating Income Related Terms


Perseus Mining Operating Income Historical Data

* Premium members only.

The historical data trend for Perseus Mining's Operating 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.

Perseus Mining Operating Income Chart

Perseus Mining Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 175.55 310.04 561.26 696.12 868.58

Perseus Mining Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 302.67 391.02 404.19 475.40 380.30
ASX:PRU
92GF Score
Perseus Mining Ltd ASX:PRU
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Perseus Mining Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating 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 A$856 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 Operating Income →
What does a Operating Income of A$856 Mil mean?
Perseus Mining (ASX:PRU) has a Operating Income of A$856 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Perseus Mining and its competitors.
Is Perseus Mining's Operating Income too high?
Perseus Mining's current Operating Income is A$856 Mil. Overall, Perseus Mining has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Perseus Mining's Operating Income compare to NEM and AU?
Perseus Mining's Operating Income of A$856 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 Operating Income for a Metals & Mining company?
A good Operating Income depends on the Metals & Mining industry context. However, Operating 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Perseus Mining and its competitors. Perseus Mining's current Operating Income is A$856 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perseus Mining stock overvalued right now?
Based on GuruFocus' analysis, Perseus Mining (ASX:PRU) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.75, compared to a current price of A$5.17 — trading 37.9% above its estimated fair value. The current Operating Income is A$856 Mil. Perseus Mining's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Perseus Mining (ASX:PRU), the current Operating Income is A$856 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.

Is Perseus Mining (ASX:PRU) Overvalued in 2026?

Based on GuruFocus' analysis, Perseus Mining stock appears to be overvalued. The current stock price of A$5.17 is trading 37.9% above its estimated GF Value™ of A$3.75. GuruFocus considers Perseus Mining to be Significantly Overvalued.

Key valuation signals for ASX:PRU:

  • Operating Income: A$856 Mil
  • GF Value™: A$3.75 vs. price of A$5.17 (37.9% above fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the ASX:PRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Perseus Mining Business Description

Address 437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008
Perseus is an Australia-based gold miner. It sold around 490,000 ounces of gold in fiscal 2025 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 80%-owned Nyanzaga gold development in Tanzania in fiscal 2024. It had about a decade of reserves at end fiscal 2025. We forecast it sells about 500,000 ounces of gold in fiscal 2030.
92GF Score

Get the complete analysis for ASX:PRU

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.17
Price
A$3.75
GF Value