The South Australian Business Index for 2022 has showcased the South Australian Chamber of Mines and Energy (SACOME) companies’ successful contribution to the state’s resource sector and economy, with 13 companies listed in the index’s top 100.
InDaily’s South Australian Business Index is South Australia’s definitive ranking of the state’s top 100 local companies.
SACOME congratulated its member companies who made the top 100:
- Santos Ltd (1st)
- OZ Minerals Ltd (2)
- Beach Energy Ltd (4th)
- Flinders Port Holdings Pty Ltd (8th)
- Adbri Ltd (13th)
- Cooper Energy Ltd (16th)
- Boart Longyear Group (18th)
- Andromeda Metals Ltd (42nd)
- Rex Minerals Ltd (52nd)
- Vintage Energy Ltd (79th)
- Fyfe Pty Ltd (88th)
- Hillgrove Resources Ltd (91st)
- GPA Engineering Pty Ltd (96th)
Santos remains at number one on the Business Index for the eighth year running, reporting net revenue of $3.7 billion in 2021-22, and Beach Energy continues to feature in the top five, reflecting the continuing strength of the South Australian oil and gas sector.
OZ Minerals has retained its position at number two with net revenue of $909 million in 2021-22 and a growth strategy focused on long-life, low-cost assets including Carrapateena, Prominent Hill and the recently announced $1.7 billion West Musgrave project. Privately-owned Flinders Port Holdings has entered the ‘top ten’ for the first time, ranking at #8 on the Business Index, with revenue of $244 million in 2021-22.
SACOME CEO, Rebecca Knol, said SACOME warmly congratulated its member companies on another dominant South Australian Business Index result.
“SACOME’s Economic Contribution Study in 2021 showed that the South Australian resources sector generates $1 in every $20 in the state economy, equivalent to 5.3 per cent of Gross State Product,” Ms Knoll said.
“The InDaily South Australian Business Index for 2022 affirms these figures, clearly demonstrating the importance of SACOME member activity to our state.
“SACOME is proud to represent our member companies and continues to advocate on their behalf for the growth of our sector and the benefit of South Australia.”
To be eligible for the Index, businesses must be a South Australian entity incorporated in South Australia, have a head office in or be an South-Australian-operated entity, majority owned by South Australians.
Each company is ranked by Taylor Collison by market capitalisation using the following formula:
- ASX – market cap (share price plus the number of ordinary shares on issue)
- Private entities – estimate market cap considering company revenue, industry standard profit margins and applying earnings multiple.
