Southern Palladium (ASX:SPD) Operating Income: A$-7.56 Mil (TTM As of Dec. 2025)

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ASX:SPD Southern Palladium Ltd ASX:SPD
31 GF Score
Price A$1.28
! 1 Warning Sign
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What is Southern Palladium Operating Income?

Southern Palladium ASX:SPD -8.60% 31 Operating Income is A$-7.56 Mil as of Dec. 2025. GuruFocus rates ASX:SPD with a GF Score™ of 31/100. The stock has 1 warning sign investors should review.

Southern Palladium's Operating Income for the six months ended in Dec. 2025 was A$-5.97 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$-7.56 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Southern Palladium's Operating Income for the six months ended in Dec. 2025 was A$-5.97 Mil. Southern Palladium's Revenue for the six months ended in Dec. 2025 was A$0.00 Mil. Therefore, Southern Palladium's Operating Margin % for the quarter that ended in Dec. 2025 was %.

Southern Palladium's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Southern Palladium's annualized ROC % for the quarter that ended in Dec. 2025 was -58.59%. Southern Palladium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.


Southern Palladium  (ASX:SPD) Operating Income Explanation

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

Southern Palladium'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 )
=-11.948 * ( 1 - 0% )/( (19.763 + 21.019)/ 2 )
=-11.948/20.391
=-58.59 %

where

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:

Southern Palladium'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 )
=-11.948/( ( (0 + max(-0.646, 0)) + (0 + max(-0.157, 0)) )/ 2 )
=-11.948/( ( 0 + 0 )/ 2 )
=-11.948/0
= %

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)
=(0.04 + 0 + 0.013) - (0.699 + 0 + 0)
=-0.646

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.057 + 0 + 0.069000000000003) - (0.283 + 0 + 0)
=-0.157

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 %:

Southern Palladium'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 )
=-5.974/0
= %

* 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.


Southern Palladium Operating Income Related Terms


Southern Palladium Operating Income Historical Data

* Premium members only.

The historical data trend for Southern Palladium'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.

Southern Palladium Operating Income Chart

Southern Palladium Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Operating Income
-2.48 -6.78 -7.11 -5.10

Southern Palladium Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only -0.64 -6.47 -3.51 -1.58 -5.97
ASX:SPD
31GF Score
Southern Palladium Ltd ASX:SPD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Southern Palladium 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$-7.56 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$-7.56 Mil mean?
Southern Palladium (ASX:SPD) has a Operating Income of A$-7.56 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Southern Palladium and its competitors.
Is Southern Palladium's Operating Income too high?
Southern Palladium's current Operating Income is A$-7.56 Mil. Overall, Southern Palladium has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Southern Palladium's Operating Income compare to HL?
Southern Palladium's Operating Income of A$-7.56 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 Southern Palladium and its competitors. Southern Palladium's current Operating Income is A$-7.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Palladium stock overvalued right now?
Southern Palladium (ASX:SPD) has a current Operating Income of A$-7.56 Mil. The current Operating Income is A$-7.56 Mil. Southern Palladium's overall GF Score™ is 31/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Southern Palladium (ASX:SPD), the current Operating Income is A$-7.56 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.

Southern Palladium Business Description

Other Exchanges SDL:South Africa
Address 283 George Street, Level 1, Sydney, NSW, AUS, 2000
Southern Palladium Ltd is an Australian mining and exploration company focused on the acquisition and development of platinum group metal (PGM) projects. Its primary asset is a majority interest in the Bengwenyama project in South Africa, which hosts palladium, rhodium, platinum, and other PGMs. These metals are used in various industrial applications, including automotive catalytic converters and clean energy technologies. The company generates revenue through the exploration, development, and eventual production of these metals, serving markets in various countries. The majority of the income generated is through interest income. Its operations mainly target PGM projects in South Africa.
31GF Score

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

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