Business
Audited Results for FY2025 & Notice of AGM
Jubilee Metals Group PLC has released its audited results for the year ended 30 June 2025, reporting a decrease in copper revenue to US$15.2 million, excluding US$17.9 million from two recently executed sale contracts. The company is progressing with the sale of its South African chrome and PGM operations for an enterprise value of US$147 million, with completion expected by year-end. Significant capital investments in Zambian copper operations have led to a 65.5% increase in Q1 FY2026 copper unit production to 938 tonnes, and copper production guidance for FY2026 is projected between 4,500 and 5,100 tonnes. The company also reported a net loss of US$29.8 million for the year, impacted by increased operating expenses and fair value adjustments related to the disposal. Disclaimer*
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n\n \nJubilee Metals Group PLC\nRegistration number (4459850)\nAIM share code: JLP\nAltx share code: JBL\nISIN: GB0031852162\n('Jubilee' or 'the Company' or 'the Group')\n \n \nDissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\n \nAudited Results for the year ended 30 June 2025\nNotice of Annual General Meeting\n \n \nJubilee, the Zambia copper focused producer, is pleased to announce its audited annual results for the year ended 30 June 2025. The proposed sale of Jubilee's chrome and PGM operations in South Africa (Disposal) is still anticipated to completed by the end of December 2025.\n \nThe Company is presenting the results of the Disposal in accordance with IFRS 5: Non-current assets held for sale and discontinued operations (IFRS 5). The assets and liabilities of the Disposal Group have been classified as held for sale at 30 June 2025. In accordance with IFRS 5, the results for the previous financial year which ended on 30 June 2024 (FY2024) are re-presented for the Group statements of comprehensive income and cash flows as if the Disposal took place in FY2024. As a result, the earnings and cashflows for the Group for both the 2024 and 2025 financial years are reported on for continuing operations only with the earnings and cash flows from the Disposal Group presented as one line item on the face of the Group statements of comprehensive income cash flows.\n \nThe Group statement of financial position for FY2024 is not re-presented. It presents the assets and liabilities of the discontinued operations as held for sale in compliance with IFRS 5. The assets and liabilities of the Disposal Group are presented on separate line items on the face of the Group statements of financial position for the 2025 financial year only.\n \nThe continuing operations for the Group represent the results from the Company's Zambian operations, its investment in the Tjate Project, and its corporate overheads.\n \nHighlights for the year ended 30 June 2025\n· Major focus point for the copper operations ...