Business
Annual Results for the Year Ended 30 June 2025
Botswana Diamonds PLC has released its audited annual results for the year ended 30 June 2025, reporting a loss for the year of £1,013,350, an increase from the previous year's loss of £564,106, with basic and diluted loss per share at (0.09p). The company experienced a significant impairment of exploration and evaluation assets amounting to £557,937, contributing to the increased loss. Despite the challenging diamond market, Botswana Diamonds has strategically diversified into critical minerals, leveraging AI to identify seven new kimberlite targets and eleven critical metal targets, including copper. The company also secured a mining permit at Thorny River in South Africa and has eight prospecting license applications pending in Botswana covering 6,550 km². The company's intangible assets decreased to £5,021,436 from £5,512,127, and total assets reduced to £5,557,350 from £6,073,445, with net current liabilities increasing to £842,278. The directors remain confident in securing future funding to continue operations. Disclaimer*
About this update from Botswana Minerals Plc
[{"type":"text","content":"\n\n \n12 December 2025\n \nBotswana Diamonds PLC\n(\"Botswana Diamonds\" or the \"Company\")\n \nAnnual Results for the Year Ended 30 June 2025\nNotice of Annual General Meeting\n \n \nBotswana Diamonds plc (AIM: BOD) today announces its audited annual results for the year ended 30 June 2025.\n \nChairman's Statement\n \nI am pleased to present the Chairman's Statement for the year ended 30th June 2025. This has been a very difficult year for the diamond industry but a year of significant progress for Botswana Diamonds plc (\"BOD\" or \"the Company\"), characterised by strategic expansion, the adoption of advanced technologies, and the strengthening of our asset base across both diamond and critical metal exploration. We enter the next phase of our development with renewed confidence, a broader portfolio, and a roadmap for value creation.\nMarket Overview\nThe Global diamond industry experienced another challenging year, characterised by muted consumer spending and continued uncertainty in several major markets. Demand in China remained soft, while the United States, the world's largest consumer market, saw slower jewellery sales due to inflationary pressures and broader economic caution.\nThe situation was exacerbated by growing supply of lab-grown diamonds (LGDs), which continued to compress prices in the lower-to-mid-value segments of the natural diamond market. However, the negative effects were most pronounced in categories where volume outweighs rarity. Importantly, BOD's exploration portfolio is aimed at higher-value stones, where natural diamonds retain strong consumer preference and pricing resilience.\nDuring the year:\n· Indian polishing activity slowed significantly due to elevated inventories and softer U.S. demand.\n· Later in the year, manufacturing activity picked up as inventory levels normalised, contributing to improved sentiment.\n· Several major producers introduced temporary production cuts and sales pauses, which helped reduce surplus stocked and stabilised prices.\n· The pre-Valentine's Day sales cycle exhibited signs of renewed momentum as cutters and polished restarted operations.\n \nWhile global diamond demand remains uneven, the longer-term supply fundamentals remain favourable. Many alluv...