RAM Rebrands for the Future

According to the recently published Royal Australian Mint (RAM) annual report for 2021/22, the circulating coin, collectible and investment business lines achieved revenue of A$182 million and a surplus of A$23 million after tax, which resulted in a 33% Return on Net Assets (RONA).

After a notable increase in the demand for circulating coin last financial year, the 2021-22 demand returned to pre-COVID levels. The RAM achieved $58 million in sales of circulating coins, equivalent to 71% of last year’s sales figure and 80% against the 2021–22 budget. Seigniorage was $25 million, a 40% reduction from the last financial year. 118 million coins were produced (versus 135 million the previous year). It also produced more than 3.4 million circulating coins for Vanuatu and over 19 million circulating coins for Papua New Guinea.