Goldplat’s year hampered by challenging operating environment in Ghana
Aim-listed Goldplat says it continued to achieve profitable trading results and maintained a solid cash balance during the year ended June 30, despite a challenging operating environment in Ghana
The group operates gold recovery facilities in South Africa and Ghana, servicing the African and South American mining industry.
“Considering the operational challenges during the year, specifically business model changes required in Ghana, I am pleased with the trading results achieved by the group this year and the board are confident in the foundational work which continues to be done,” CEO Werner Klingenberg comments.
Revenue decreased by 22% year-on-year to £56.7-million, while operating profit decreased by 61.8% to £3.7-million.
Adjusted profit before tax decreased by 55.2% to £2.7-million from £6-million. This excludes the Kilimapesa impairment of £714 000.
Profit for the year decreased by 73.2% to £1.2-million.
Goldplat highlights robust cash generation with net cash flows from operating activities of £6-million, compared with £3.9-million in 2024. Cash and cash equivalents increased to £6.1-million from £3.9-million.
Earnings a share decreased by 76.1% to 0.60p from 2.51p.
Looking ahead to the next financial year, Klingenberg says Goldplat expects build on current operational performances by increasing supply and progressing the processing of material from the tailings storage facility.
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