Final results for the year ended 31 December 2024
Majestic Corporation Plc (“AQSE:MCJ”), a sustainable circular economy solutions provider specialising in recycling precious and non-ferrous metals, is pleased to announce final audited results for the period ending 31 December 2024.
Please read the full final results here.
Peter Lai, Chairman, CEO and Founder of Majestic Corporation, commented:
“We’re delighted with Majestic‘s progress in FY24 and I’m pleased to report significant revenue growth and increased profits.
”Since 2018, Majestic Corporation’s mission has been clear; to pioneer sustainable resource recovery, reduce reliance on environmentally harmful mining, and drive innovation across critical industries. Through the dedication of our team and partners, we continue to turn that vision into reality.
“In today’s complex world, our team’s ability to pivot quickly – to localise, to innovate, and to execute – continues to be one of our most valuable assets. Looking forward, we are ready to scale our model globally, unlocking new markets through a combination of organic growth, targeted acquisitions, and strategic partnerships. we look forward to further delivering on our objectives in the year ahead.”
Financial Highlights:
· Revenue increased 67% to US$49.3m (FY2023: US$29.4m)
· Profit before tax increased 1.9% to US$1,007k (FY2023: US$988k)
· Net assets increased 11.8% to US$8.5m (FY2023: US$7.6m)
· EPS increased 6% to 4.42 cents (FY2023: 4.17 cents)
· Cash in bank and on hand increased 130% to US$1.5m (FY2023: US$0.65m)
Operational Highlights:
· Continued growth has required the Company to seek larger operational facilities in the UK, leading to the Successful acquisition of TeleCycle
· Further processing and streamlining of physical recycling will provide additional growth for the future and establish an even stronger operation
· Processed 30,000 tons of precious metals and non-ferrous metals-related recycled material
· Expanded our customer base with the addition of several key clients, including large government-linked entities and multinationals
· United States-affiliated company continues its contract with an existing mobile carrier