The earnings call reflects a mixed sentiment. While there are improvements in safety performance and stable product pricing, significant challenges remain, including declining revenue, increased net debt, and persistent market weakness impacting pricing. Operational improvements at Finsch are promising, but concerns over covenant breaches and refinancing add pressure. Positive market signs from the U.S. and India provide some optimism.
Company Guidance
During the call, Petra provided guidance that highlighted several key metrics. Safety performance improved in the second quarter with lost time injuries decreasing from 4 to 2, and the lost time injury frequency rate fell from 0.28 to 0.16. Total production saw a slight 2% decrease from 1.43 million carats to 1.4 million carats in the first half of fiscal year 2025. Average diamond prices remained stable at $112 per carat, despite market weaknesses. Revenue for the first half of FY '25 was $146 million, down from $188 million in the first half of FY '24. Consolidated net debt closed at $225 million by December 2024, a decrease from $285 million at the end of the first quarter of FY '25. Petra's restructuring efforts aim for net cash generation by reducing costs by $44 million, with production guidance set between 2.8 million and 3.1 million carats for FY '25.
Improved Safety Performance
Safety improved in the second quarter with lost time injuries falling from 4 to 2 and the lost time injury frequency rate reducing from 0.28 to 0.16.
Stable Product Prices
Despite market weakness, Petra's average diamond prices remained broadly stable due to product mix offsetting like-for-like price declines.
Successful Shift Transition at Finsch
Finsch mine successfully transitioned to a two-shift configuration, with improved output and more predictable operating performance expected.
Positive Market Signs
Encouraging reports of stronger online jewelry demand in the U.S. during the festive season and stronger jewelry demand in India during Diwali.
Petra Diamonds (GB:PDL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:PDL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 18, 2025
24.00p
25.60p
+6.67%
Sep 24, 2024
28.10p
28.00p
-0.36%
Feb 20, 2024
43.00p
41.00p
-4.65%
Sep 15, 2023
69.00p
70.00p
+1.45%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Petra Diamonds Ltd (GB:PDL) report earnings?
Petra Diamonds Ltd (GB:PDL) is schdueled to report earning on Sep 16, 2025, TBA (Confirmed).
What is Petra Diamonds Ltd (GB:PDL) earnings time?
Petra Diamonds Ltd (GB:PDL) earnings time is at Sep 16, 2025, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.