Aquis-listed e-waste recycler Majestic Corporation is building a head of steam. Revenues surged and EPS jumped in 2024 as the company continued expanding its circular economy recycling operations through organic growth and an acquisition.
MCJ shares recently hit all-time highs following the release of preliminary 2024 results, and final results underscore the progress the Wales-based company is making.
The company returns valuable critical minerals and precious metals, including copper, graphene, gold, platinum, and nickel, back to the supply chain through extensive global recycling operations.
Majestic processes discarded e-waste such as mobile phones, laptops, data centre chip boards, batteries, catalytic converters, and solar panels.
The UK produces around 2 million tonnes of e-waste per year alone, representing a huge opportunity for Majestic.
Rapidly growing operations propelled MCJ’s revenues 67% higher to US$49.3 million compared to US$29.4 million in the previous year.
Stronger revenues drove a 6% Earnings per share increase to 4.42 cents, up from 4.17 cents in 2023.
Majestic Corporation’s continued growth necessitated the expansion of operational capabilities, leading to the successful acquisition of TeleCycle in the UK, which was completed in early 2025. The strategic move addresses the company’s need for larger operational facilities to support higher volumes of e-waste.
The acquisition is expected to enhance the company’s processing and streamlining capabilities for physical recycling, positioning Majestic for additional future growth while establishing stronger operational foundations.
Majestic said it grew its customer base during the last year, including the addition of several key clients such as large government-linked entities and multinational corporations.
“We’re delighted with Majestic’s progress in FY24 and I’m pleased to report significant revenue growth and increased profits,” said Peter Lai, Chairman, CEO and Founder of Majestic Corporation.
“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.”