Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Gemfields Group ( (PLLHF) ) has provided an update.
Gemfields Group has released its audited 2025 annual results, showing revenue down to USD 135.1 million from USD 199.4 million as operational disruptions and weaker premium ruby recoveries hit performance. Profitability deteriorated with EBITDA sliding to USD 6.3 million and a net loss after tax of USD 50.9 million, though cost-control efforts cut operating expenses to USD 128.9 million and narrowed the adjusted headline loss per share to 1.3 cents.
The Montepuez ruby operation was hampered by low premium-grade recovery, illegal mining encroachment and delays in fully commissioning a second processing plant, while mining at the Kagem emerald mine was suspended for the first five months of 2025 before encouraging premium production resumed. The group strengthened its balance sheet by selling luxury brand Fabergé for USD 50 million and reduced net debt to USD 39.3 million, with management prioritising operational stabilisation, completion of the new plant and strict cost and capital discipline amid volatile gemstone markets and rising geopolitical and fuel-related cost pressures.
More about Gemfields Group
Gemfields Group is a London- and Johannesburg-listed miner specialising in coloured gemstones, notably emeralds and rubies. The company operates and holds 75% stakes in Zambia’s Kagem emerald mine and Mozambique’s Montepuez Ruby Mining, alongside other gemstone licences in Africa, and has developed its own grading and auction platform to supply the global coloured gemstone market.
For a thorough assessment of PLLHF stock, go to TipRanks’ Stock Analysis page.