Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Goldplat plc (AIM:GDP), a mining services group with gold recovery operations in South Africa and Ghana, announced Monday it will pay a dividend of 0.0878 pence per share to shareholders on August 29, with plans to assess dividend distributions quarterly going forward.
The company reported its second-best quarterly operational performance for fiscal year 2025, with combined operating profit of £1.67 million for the fourth quarter ended June 30, up from £694,000 in the previous quarter.
Despite the strong quarter, Goldplat warned that full-year results would fall "materially below" market expectations, with adjusted profit before tax projected at approximately £2.6 million, down from £5.99 million in fiscal 2024. The company cited changes to its Ghana business model and significant foreign exchange losses as primary factors affecting performance.
The Ghana operation posted an operating profit of £1.05 million for Q4, but saw profit before tax limited to £164,000 due to £931,000 in foreign exchange losses, which the company attributed to the 40% strengthening of the Ghanaian Cedi against the U.S. dollar since April.
South Africa’s operation achieved its strongest quarterly performance of the fiscal year with an operating profit of £618,000, supported by increased volumes from South America, cost management, and rising gold prices.
Group cash balances increased to £6.04 million at the end of Q4, compared to £3.8 million a year earlier, which the company said would be used for working capital requirements, capital expenditure, and the £150,000 dividend payment.
CEO Werner Klingenberg said the company remains "confident in the fundamentals of the business" despite challenges including export restrictions on gold-bearing by-products in some West African countries.
The information was disclosed in a company press release.
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