LKAB MINERALS LIMITED

1. LKAB MINERALS LIMITED 2019-08-09 → present
2. FRANCIS FLOWER (NORTHERN) LIMITED 2004-12-10 → 2019-08-09
3. MAJAL LIMITED 1999-07-02 → 2004-12-10

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have conducted comprehensive cash flow forecasts extending to December 2026. These forecasts include a rigorous downside scenario assuming zero growth during the forecast period. Even under this severe yet plausible scenario, the forecasts indicate that the company will have sufficient funds to meet its obligations as they come due. These projections account for dividend distributions to the immediate parent company, LKAB Holdings Limited, to facilitate the repayment of its loan obligations to other group entities. In light of these considerations, the Board is confident that the company possesses adequate resources to continue its operations for no less than 12 months from the date of this report. Consequently, the going concern basis of accounting remains appropriate for preparing these financial statements.”

Significant events

• “The financial year to 31 December 2024 was characterised by the Company as one of continued growth. In the view of the directors, the Company performed well, ending the year with a pretax profit result ahead of the prior year.”
• “During the year to 31 December 2024, operating profit increased from £15,598,752 to £16,312,087. A continued focus on pricing meant that the Company was able to recover the inflationary impact within its cost base, on a £ for £ basis.”
• “The Company's total comprehensive income for the year, after taxation and defined benefit pension movements was £11,558,613 (2023: £11,428,123).”
• “A dividend of £6,565,462 was declared and paid in December 2024 for the year ended 31 December 2024.”
• “In 2024, the company adopted the Corporate Sustainability Reporting Directive (CSRD) management and reporting standards across the organisation, enabling the systematic measure and management of the sustainability impacts and risks affecting the business.”
• “The company made charitable donations during the year of £23,247 (2023: £2,087)”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +6.3%

  £117,278,859 → £124,632,734

• Cash

  +35.5%

  £9,471,624 → £12,838,277

• Net assets

  +9.3%

  £53,769,408 → £58,762,559

• Employees

  -2.9%

  239 → 232

• Operating profit

  +4.6%

  £15,598,752 → £16,312,089

• Profit before tax

  +5.7%

  £15,765,538 → £16,658,577

• Wages

  -2.6%

  £11,094,329 → £10,806,797

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers