MERFF (Merafe Resources) Other Operating Expense: $296.5 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MERFF Merafe Resources Ltd MERFF
65 GF Score
Price $0.22
GF Value $0.17
! 9 Warning Signs
View Full Analysis

What is Merafe Resources Other Operating Expense?

Merafe Resources MERFF 65 Other Operating Expense is $296.5 Mil as of Dec. 2025. GuruFocus rates MERFF with a GF Score™ of 65/100 and a GF Value™ of $0.17. The stock has 9 warning signs investors should review.

Merafe Resources's Other Operating Expense for the six months ended in Dec. 2025 was $187.6 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was $296.5 Mil.

Merafe Resources's quarterly Other Operating Expense declined from Dec. 2024 ($174.0 Mil) to Jun. 2025 ($108.8 Mil) but then increased from Jun. 2025 ($108.8 Mil) to Dec. 2025 ($187.6 Mil).

Merafe Resources's annual Other Operating Expense declined from Dec. 2023 ($378.2 Mil) to Dec. 2024 ($371.6 Mil) and declined from Dec. 2024 ($371.6 Mil) to Dec. 2025 ($302.8 Mil).


Merafe Resources Other Operating Expense Historical Data

* Premium members only.

The historical data trend for Merafe Resources's Other Operating Expense 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.

Merafe Resources Other Operating Expense Chart

Merafe Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 360.73 339.34 378.17 371.63 302.84

Merafe Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Other Operating Expense 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 197.63 195.37 174.00 108.82 187.64
MERFF
65GF Score
Merafe Resources Ltd MERFF
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merafe Resources Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense 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 $296.5 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.

What does a Other Operating Expense of $296.5 Mil mean?
Merafe Resources (MERFF) has a Other Operating Expense of $296.5 Mil as of Dec. 2025. Other operating expenses that a company records on its income statement. View historical data on Merafe Resources and its competitors.
Is Merafe Resources' Other Operating Expense too high?
Merafe Resources' current Other Operating Expense is $296.5 Mil. Overall, Merafe Resources has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Other Operating Expense compare to competitors?
Merafe Resources' Other Operating Expense of $296.5 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 Other Operating Expense for a Metals & Mining company?
A good Other Operating Expense depends on the Metals & Mining industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Merafe Resources and its competitors. Merafe Resources's current Other Operating Expense is $296.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Merafe Resources (MERFF) has a current Other Operating Expense of $296.5 Mil. The stock's GF Value™ is $0.17, compared to a current price of $0.22 — trading 28.1% above its estimated fair value. The current Other Operating Expense is $296.5 Mil. Merafe Resources' overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Merafe Resources (MERFF), the current Other Operating Expense is $296.5 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 Merafe Resources (MERFF) Overvalued in 2026?

Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued. The current stock price of $0.22 is trading 28.1% above its estimated GF Value™ of $0.17.

Key valuation signals for MERFF:

  • Other Operating Expense: $296.5 Mil
  • GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
  • GF Score™: 65/100 with 9 warning signs

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


Merafe Resources Business Description

Other Exchanges MRF:South AfricaRZT:Germany
Address 35 Ballyclare Drive, Building B, 2nd Floor, Ballyoaks Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
65GF Score

Get the complete analysis for MERFF

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

$0.22
Price
$0.17
GF Value