Business
Correction - Audited Results for the year end...
Serabi Gold plc has issued a correction to its audited results for the year ended December 31, 2025, specifically amending the Total AISC of production for the three months to December 31, 2025, to US$1,818/oz. The company reported a significant increase in revenue to $155.8 million for 2025, up from $94.5 million in 2024, driven by higher production and an improved average gold price of $3,481/oz. EBITDA rose to $77.9 million, and post-tax profit reached $53.9 million, with cash held at year-end increasing to $49.2 million. The company also announced its inaugural annual dividend of 5 pence per share and a 2026 shareholder return policy targeting up to 30% of free cash flow. Disclaimer*
About this update from Serabi Gold Plc
[{"type":"text","content":"\n\n \n \n\n Correction - Audited Results for the year ended 31 December 2025\n\nCorrection - Audited Results for the year ended 31 December 2025 The following amendment has been made to the ‘Audited Results for the year ended 31 December 2025’ announcement released on 1 May 2026 at 07:00am. The Total AISC of production (per ounce) for the 3 months to 31 December 2025 in the table on page 2 has been corrected to US$1,818/oz. Cash Cost and All-In Sustaining Cost (“AISC”) 12 months to31 December 20253 months to31 December 202512 months to31 December 20243 months to31 December 2024Gold production for cash cost and AISC purposes44,169 ozs11,534 ozs37,520 ozs10,022 ozs Total Cash Cost of production (per ounce)US$1,437US$1,799US$1,326US$1,169Total AISC of production (per ounce)US$1,816US$1,818US$1,700US$1,512 All other details remain unchanged. The full amended text is shown below. Audited Results for the year ended 31 December 2025 Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, is pleased to announce the Company’s audited results for the year ended 31 December 2025 (all financial amounts are expressed in U.S. dollars unless otherwise indicated). HIGHLIGHTS Revenue of $155.8 million (2024: $94.5 million) reflecting higher production year on year as well as positive movement in the average gold price achieved of $3,481 (2024: $2,407).The Board has announced the Company’s inaugural annual dividend payment during 2025 of 5 pence per share (7 cents per share) in line with the dividend policy adopted in 2025.Cash held at 31 December 2025 of $49.2 million (31 December 2024: $22.2 million).Net cash at 31 December 2025 (after interest bearing loans and lease liabilities) of $42.1 million (31 December 2024: $16.2 million.Gold production for the 2025 full year of 44,169 ounces (2024: 37,520 ounces).EBITDA for the year of $77.9 million (2024: $35.9 million), a 117% improvement year on year.Post-tax profit for the year of $53.9 million (2024: Post-tax profit of $27.8 million), an 94% improvement year on year.Profit per share of 71.18 cents compared with a profit per share of 36.73 cents for the 2024 calendar year.Net cash inflow from operations for the year was $50.6 million after mine development expe...