Annual Report

Overview

The report covers a difficult 2024, with consolidated sales revenue of 72,189 ($'000), the closure of Qinghai operations and net cash of $5.5 million. It highlights Magontec's European magnesium-alloy recycling facilities and reports renewable energy at 63.1% of supply, down from 69.2% in 2023. The ESG section describes a sustainability roadmap project aimed at developing a detailed plan to net-zero, alongside workforce data covering 242 employees and one lost-time injury. Sustainability roadmap reporting is assigned through the Business Risk Committee.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: Ends 31 December 2024
Publication date: 26 February 2025
Language: English
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