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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pan African Resources's retained earnings for the quarter that ended in Dec. 2025 was $821.6 Mil.
Pan African Resources's quarterly retained earnings
increased
from Dec. 2024 ($621.5 Mil) to Jun. 2025 ($717.6 Mil) and
increased
from Jun. 2025 ($717.6 Mil) to Dec. 2025 ($821.6 Mil).
Pan African Resources's annual retained earnings
increased
from Jun. 2023 ($303.2 Mil) to Jun. 2024 ($364.7 Mil) and
increased
from Jun. 2024 ($364.7 Mil) to Jun. 2025 ($717.6 Mil).
Pan African Resources (OTCPK:PAFRF) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Pan African Resources Retained Earnings Historical Data
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The historical data trend for Pan African Resources's Retained Earnings 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.
Pan African Resources Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Pan African Resources (PAFRF) has a Retained Earnings of $821.6 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Pan African Resources and its competitors.
Is Pan African Resources' Retained Earnings too high?
Pan African Resources' current Retained Earnings is $821.6 Mil. Overall, Pan African Resources has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan African Resources' Retained Earnings compare to NEM and AU?
Pan African Resources' Retained Earnings of $821.6 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 Retained Earnings for a Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Pan African Resources and its competitors. Pan African Resources's current Retained Earnings is $821.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan African Resources stock overvalued right now?
Based on GuruFocus' analysis, Pan African Resources (PAFRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.13, compared to a current price of $1.27 — trading 12.4% above its estimated fair value. The current Retained Earnings is $821.6 Mil. Pan African Resources' overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Pan African Resources (PAFRF), the current Retained Earnings is $821.6 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 Pan African Resources (PAFRF) Overvalued in 2026?
Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued.
The current stock price of $1.27 is trading 12.4% above its estimated GF Value™ of $1.13.
GuruFocus considers Pan African Resources to be Modestly Overvalued.
Key valuation signals for PAFRF:
Retained Earnings: $821.6 Mil
GF Value™: $1.13 vs. price of $1.27 (12.4% above fair value)
No single metric tells the full story. See the PAFRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan African Resources PLC is engaged in gold mining and exploration activities. The group owns and operates a portfolio of projects located in South Africa, Australia, and an exploration project in Sudan. Its project portfolio comprises Fairview Mine, Sheba and Consort Mines, BTRP, Elikhulu, MTR, Evander Mines, and Tennant Mines. The group's reporting segments are: Mining operations and Other operations. Maximum revenue is generated from the Mining operations segment, which generates revenue from mining, extraction, production, and the sale of gold. The Other operations segment represents its exploration assets in Sudan, Agricultural ESG projects, and other activities. Geographically, the group generates maximum revenue from South Africa, followed by Australia, and UK and Europe.
90GF Score
Get the complete analysis for PAFRF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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