Slide 1: Interim Report 2025
Interim Report 2025 FOR THE SIX MONTHS ENDED 30 JUNE 2025
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Slide 3: Contents
Contents 1 OVERVIEW Gemfields at a Glance 4 Chair’s Statement 7 Chief Executive’s Statement 9 2 PERFORMANCE Finance Review 14 Operations Review – Montepuez Ruby Mining (Mozambique) 21 – Kagem Mining (Zambia) 25 – Sale of Fabergé Limited 29 – Development Assets 30 3 FINANCIAL STATEMENTS Interim Conde
Slide 4: Overview
1 Overview Gemfields at a Glance 4 Chair’s Statement 7 Chief Executive’s Statement 9 Right: Construction of the second processing plant (PP2) at MRM
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Slide 6: Gemfields at a Glance
04 INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED Gemfields at a Glance Who we are Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields Group Limited (“Gemfields”, the “Company”, “GGL” or the “Group”) is the operator and 75% owner of both the Kagem emera
Slide 7: Operations
INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED 05 Operations MRM K AGEM Operations Mining of rough rubies in Mining of rough emeralds in Mozambique Zambia T YPE OF OPER ATION T YPE OF OPER ATION Shallow open-pit mining and exploration Deep open-pit mining and exploration SOURCE OF REVENUE SOUR
Slide 8: Business Model
06 INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED Business Model EMERALDS RUBIES SAPPHIRES Zambia Mozambique Madagascar Exploration MRM ASSESSING K AGEM & ERM SITES Mining NONE K AGEM MRM C U R R E N T LY There is no industry standard Grading for grading coloured gemstones PROPRIET Y GR ADING
Slide 9: Chair’s Statement
INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED 07 Chair’s Statement “Gemfields is now a more streamlined and focussed investment proposition with an improved balance sheet.” 1. H O W H A S G E M F I E L D S P E R F O R M E D I N H1 2 0 2 5? The Group’s highest priority project, MRM’s second pr
Slide 10: Chair’s Statement continued
08 INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED Chair’s Statement continued I would like to take this opportunity to recognise and thank our 4 . W H AT P R I O R I T I E S D O E S T H E B OA R D H AV E shareholders for their understanding and support throughout this G O I N G F O RWA R D ? c
Slide 11: Chief Executive’s Statement
INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED 09 Chief Executive’s Statement “Our approach to H2 1. H OW H AV E T H E O P E R AT I O N S AT M R M A N D K AGEM PE RFORME D SO FAR THIS YE AR? is cautiously optimistic. Production has proved challenging throughout the period at both mines, with M
Slide 12: Chief Executive’s Statement continued
10 INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED Chief Executive’s Statement continued At Kagem in Zambia, a surprise reinstatement of a 15% export duty Ruby in January 2025 was revoked within months, enabling Zambian Auction revenues of USD 7.2 million were achieved from a mini emeralds to c
Slide 13: The first half of 2025 was shaped by a complex mix of external pressures
INTERIM REPORT 2025 OVERVIEW GEMFIELDS GROUP LIMITED 11 4. HOW IS THE GEMSTONE MARKET? 5. WHAT ARE YOUR PRIORITIES AS CEO FOR THE The first half of 2025 was shaped by a complex mix of external REST OF 2025 AND INTO 2026? pressures and evolving consumer dynamics. As ever, the safety of our team is pa
Slide 14: Performance
INTERIM REPORT 2025 2 Performance Finance Review 14 Operations Review – Montepuez Ruby Mining (Mozambique) 21 – Kagem Mining (Zambia) 25 – Sale of Fabergé Limited 29 – Development Assets 30 Right: Image courtesy of Goldsmiths featuring Gemfields Zambian emeralds
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Slide 16: Finance Review
14 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Finance Review DAV I D LOV E T T Chief Financial Officer The Group’s primary financial key performance indicators (“KPIs”) OVERVIEW are revenue, EBITDA, free cash flow before working capital In the first half of 2025, the Group held four auc
Slide 17: Revenue: Emeralds (Kagem) and Rubies (MRM)
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 15 REVENUE Gemfields’ auction processes were fully monitored by the Ministry of Mines and Minerals Development of Zambia and the Zambia SIX MONTHS SIX MONTHS ENDED ENDED Revenue Authority for the emerald auctions, and by the Ministry of 30 JUNE
Slide 18: Finance Review continued
16 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Finance Review continued COSTS CONTINUED E B I T DA/E B I T DA M A RG I N Additionally, cost-saving initiatives implemented across the Group, Group EBITDA declined to a loss of USD 4.9 million, compared to a including at MRM, contributed to
Slide 19: Taxation and cash flows
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 17 The tax credit of USD 3.7 million (2024: tax charge of USD 9.3 CASH FLOWS million) represents an effective tax rate of 15.4% (2024: 37.1%). For the six months ended 30 June 2025, the Group generated The Group’s effective tax rate differs fro
Slide 20: Finance Review continued
18 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Finance Review continued CASH FLOWS CONTINUED FINANCIAL POSITION Total cash utilised in investing activities was USD 27.9 The Group’s balance sheet is summarised below: million (2024: USD 35.9 million), primarily due to USD 28.3 million spen
Slide 21: Impairments and liabilities
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 19 In 2024, a USD 47.4 million impairment was recorded for the The current tax receivable is USD 7.5 million (31 December 2024: Kagem mine to align its carrying value with recoverable value, and USD 7.9 million), which is primarily due to payme
Slide 22: Borrowings, net debt and outlook
20 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Finance Review continued BORROWINGS AND NET DEBT As approved by the Board on 23 March 2023, Gemfields’ dividend policy aims to provide regular returns of capital when the business 30 JUNE 31 DECEMBER performance and market conditions allow,
Slide 23: Operations Review: Montepuez Ruby Mining
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 21 Operations Review MONTEPUEZ RUBY MINING (MOZ A MBIQUE) Montepuez Ruby Mining (MRM) is accessing the Montepuez ruby deposit, which is in north-east Mozambique within the Cabo Delgado province, with a licence that covers an area of 349 square
Slide 24: Health and Safety, Mining and Processing, Second Processing Plant
22 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Operations Review continued Health and Safety During the reporting period, 77% of total ore production was sourced from the Mugloto Pits, reflecting its ongoing strong contribution to overall output. An additional 16% of ore was produced fro
Slide 25: Gemstone Production and Revenue
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 23 The contract is a LSTK contract based on industry standard International Federation of Consulting Engineers (“FIDIC”) terms, with MRM’s payment obligations agreed in South African Rand, Gemstone Production and equating to approximately USD 7
Slide 26: Auctions, Solar Plant Project, Protection Services
24 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Operations Review continued AU C T I O N S H E L D I N 2025 H1 APR ’25 JUN ’25 Solar Plant Project AUCTION RESULTS AUCTION AUCTION The development of an on-site solar plant remains a key long-term objective for MRM. Following a techno-econom
Slide 27: Operations Review: Kagem (Zambia)
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 25 Operations Review K AGEM (ZAMBIA) Kagem Mining Limited (“Kagem”), which operates as a world-leading emerald mine, accounts for approximately 25% of global emerald production. Kagem holds an asset portfolio of ten mining licences in Zambia, w
Slide 28: Health and Safety, Mining and Processing, Gemstone Production
26 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Operations Review continued Health and Safety MINING The challenging market conditions in the second half of 2024 led management to make the difficult but necessary decision to suspend Kagem’s first priority is the health and safety of its e
Slide 29: Kagem production and auction revenue
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 27 Image courtesy of Tank Gems, a Gemfields Authorised Auction Partner The decline in premium quality emeralds recovered was higher than The grade achieved in the first half of 2025 of 1,758 carats per tonne that for total carats recovered in t
Slide 30: Kagem auctions, Protection Services, Human Resources
28 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Operations Review continued AU C T I O N S H E L D I N 2025 H1 The auction generated revenues of USD 4.8 million, with an average sales price of USD 105.49 per carat. The lots achieved notably higher FEB ’25 APR ’25 bids compared to the prev
Slide 31: Sale of Fabergé Limited
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 29 Operations Review SALE OF FABE RGÉ LIMITE D On 11 August 2025, Gemfields announced that it had signed an agreement to sell 100% of its wholly owned interest in Fabergé Limited, the iconic luxury brand, to SMG Capital LLC for total considerat
Slide 32: Development Assets
30 INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED Operations Review DEVELOPMENT ASSETS RUBIES (MOZ A MBIQUE) “During H1 2025, Group continued to focus on advancing its core ruby production at MRM, while maintaining essential developmental Gemfields has interests in various mining and activi
Slide 33: Nairoto Resources Limitada and Oriental Mining SARL
INTERIM REPORT 2025 PERFORMANCE GEMFIELDS GROUP LIMITED 31 GOLD (MOZ A MBIQUE) SAPPHIRES (M ADAGASC AR) Nairoto Resources Limitada (“NRL”) Oriental Mining SARL Nairoto is a joint venture between Gemfields Ltd (75%) and Mwiriti Oriental Mining SARL, a 100% subsidiary of Gemfields, holds a number Lda
Slide 34: Financial Statements
3 Financial Statements Interim Condensed Consolidated Income Statement 34 Interim Condensed Consolidated Statement of Comprehensive Income 35 Interim Condensed Consolidated Statement 36 of Financial Position Interim Condensed Consolidated Statement of Cash Flows 37 Interim Condensed Consolidated Sta
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Slide 36: Interim Condensed Consolidated Income Statement
34 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Interim Condensed Consolidated Income Statement for the six months ended 30 June 2025 AS RE-PRESENTED 2025 2024 (REVIEWED) (REVIEWED) NOTES USD’000 USD’000 Continuing operations Revenue 3 64,200 121,407 Cost of sales 4 (64,852) (65,
Slide 37: Interim Condensed Consolidated Statement of Comprehensive Income
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 35 Interim Condensed Consolidated Statement of Comprehensive Income for the six months ended 30 June 2025 AS RE-PRESENTED 2025 2024 (REVIEWED) (REVIEWED) USD’000 USD’000 (Loss)/profit after taxation (24,576) 13,659 Other comprehensive
Slide 38: Interim Condensed Consolidated Statement of Financial Position
36 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Interim Condensed Consolidated Statement of Financial Position as at 30 June 2025 30 JUNE 2025 31 DECEMBER 2024 30 JUNE 2024 (REVIEWED) (AUDITED) (REVIEWED) NOTES USD’000 USD’000 USD’000 ASSETS Non-current assets Property, plant and
Slide 39: Interim Condensed Consolidated Statement of Cash Flows
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 37 Interim Condensed Consolidated Statement of Cash Flows for the six months ended 30 June 2025 AS RE-PRESENTED 2025 2024 (REVIEWED) (REVIEWED) NOTES USD’000 USD’000 Cash flows from operating activities (Loss)/profit for the period bef
Slide 40: Interim Condensed Consolidated Statement of Changes in Equity
38 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Interim Condensed Consolidated Statement of Changes in Equity for the six months ended 30 June 2025 TOTAL ATTRIBUTABLE CUMULATIVE TO EQUITY NON– SHARE SHARE TRANSLATION OPTION RETAINED HOLDERS OF CONTROLLING TOTAL CAPITAL PREMIUM RE
Slide 41: Notes to the Interim Condensed Consolidated Financial Statements
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 39 Notes to the Interim Condensed Consolidated Financial Statements for the six months ended 30 June 2025 1. B A S I S O F P R E PA R AT I O N Gemfields Group Limited (“GGL” or “the Company” or “the Parent”) is incorporated in Guernsey
Slide 42: Notes continued: Basis of consolidation and principal risks
40 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 1. B A S I S O F P R E PA R AT I O N C O N T I N U E D Basis of consolidation The interim condensed consolidated financ
Slide 43: Going Concern continued
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 41 2. GOING CONCERN CONTINUED Work continues on PP2 at MRM, which was contracted to Consulmet (Africa) Limited in August 2023 for an estimated USD 70.0 million. As at 30 June 2025, approximately 87% of the total cost had been paid, wit
Slide 44: Going Concern: Term Loans for PP2 construction
42 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 2. GOING CONCERN CONTINUED Term Loans for PP2 construction To finance the construction of PP2, MRM entered into a USD 2
Slide 45: Going Concern continued
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 43 2. GOING CONCERN CONTINUED The base case forecast indicates that the Group has sufficient cash headroom after settling all its liabilities as they fall due throughout the going concern assessment period to December 2026. The going c
Slide 46: Going Concern Summary
44 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 2. GOING CONCERN CONTINUED Summary Considering the analysis above, the Directors have identified one material uncertain
Slide 47: Segmental Reporting: Income statement 2025
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 45 3. SEGMENTAL REPORTING CONTINUED Condensed consolidated income statement DEVELOPMENT KAGEM MRM ASSETS FABERGÉ7 CORPORATE OTHER TOTAL 1 JANUARY 2025 TO 30 JUNE 2025 (REVIEWED) USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 R
Slide 48: Segmental Reporting: Income statement 2024
46 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 3. SEGMENTAL REPORTING CONTINUED Condensed consolidated income statement DEVELOPMENT 1 JANUARY 2024 TO 30 JUNE 2024 KAG
Slide 49: Segmental Reporting: Change in inventory and cost of goods sold
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 47 3. SEGMENTAL REPORTING CONTINUED Change in inventory and cost of goods sold DEVELOPMENT KAGEM MRM ASSETS FABERGÉ3 CORPORATE OTHER TOTAL 1 JANUARY 2025 TO 30 JUNE 2025 (REVIEWED) USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’00
Slide 50: Segmental Reporting: Statement of financial position June 2025
48 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 3. SEGMENTAL REPORTING CONTINUED Condensed consolidated statement of financial position DEVELOPMENT KAGEM MRM ASSETS FA
Slide 51: Segmental Reporting: Statement of financial position December 2024
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 49 3. SEGMENTAL REPORTING CONTINUED Condensed consolidated statement of financial position DEVELOPMENT KAGEM MRM ASSETS FABERGÉ CORPORATE OTHER TOTAL 31 DECEMBER 2024 (AUDITED) USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Mi
Slide 52: Segmental Reporting: Cash flows 2025
50 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 3. SEGMENTAL REPORTING CONTINUED Condensed consolidated statement of cash flows DEVELOPMENT KAGEM MRM ASSETS FABERGÉ4 C
Slide 53: Segmental Reporting: Cash flows 2024
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 51 3. SEGMENTAL REPORTING CONTINUED Condensed consolidated statement of cash flows DEVELOPMENT 1 JANUARY 2024 TO 30 JUNE 2024 KAGEM MRM ASSETS FABERGÉ4 CORPORATE OTHER TOTAL RE-PRESENTED (REVIEWED) USD’000 USD’000 USD’000 USD’000 USD’0
Slide 54: Cost of Sales
52 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 4. COST OF SALES SIX MONTHS ENDED SIX MONTHS ENDED 30 JUNE 2025 30 JUNE 2024 (REVIEWED) (REVIEWED) USD’000 USD’000 RE-P
Slide 55: Finance Income and Costs; Taxation
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 53 6. FINANCE INCOME AND COSTS SIX MONTHS ENDED SIX MONTHS ENDED 30 JUNE 2025 30 JUNE 2024 (REVIEWED) (REVIEWED) USD’000 USD’000 RE-PRESENTED Interest received 369 512 Finance income 369 512 Interest on bank loans and borrowings (2,331
Slide 56: Unlisted Equity Investments
54 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 8. UNLISTED EQUIT Y INVESTMENTS The Group’s unlisted equity investment relates to its 6.54% holding in Sedibelo Resourc
Slide 57: Trade and Other Receivables
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 55 10 . T R A D E A N D O T H E R R E C E I VA B L E S 30 JUNE 2025 (REVIEWED) 31 DECEMBER 2024 (AUDITED) 30 JUNE 2024 (REVIEWED) NON- NON- NON- CURRENT CURRENT TOTAL CURRENT CURRENT TOTAL CURRENT CURRENT TOTAL USD’000 USD’000 USD’000
Slide 58: Borrowings
56 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 11 . B O R R O W I N G S 30 JUNE 2025 (REVIEWED) INTEREST RATE MATURITY USD’000 Non-current interest-bearing loans and
Slide 59: Borrowings continued
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 57 11 . B O R R O W I N G S C O N T I N U E D 30 JUNE 2024 (REVIEWED) INTEREST RATE MATURITY USD’000 Current interest-bearing loans and borrowings FNB Zambia USD 21 million overdraft facility USD SOFR + 2.75% 2025 20,963 ABSA Mozambiqu
Slide 60: Borrowings: Current borrowings
58 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 11 . B O R R O W I N G S C O N T I N U E D Current borrowings First National Bank Zambia Limited (“FNB Zambia”) In Febr
Slide 61: Share Capital
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 59 12 . S H A R E C A P I T A L Shares issued are recognised at the fair value of consideration received, with the excess over the nominal value of the shares credited to share premium. Costs directly attributable to a share issue are
Slide 62: Per Share Information
60 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 13 . P E R S H A R E I N F O R M A T I O N Earnings/(Loss) Per Share (“EPS” or “LPS”) and Net Asset Value (“NAV”) are k
Slide 63: Headline and adjusted earnings per share
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 61 13 . P E R S H A R E I N F O R M A T I O N C O N T I N U E D Headline earnings per share The Group’s HEPS is as follows: SIX MONTHS ENDED SIX MONTHS ENDED 30 JUNE 2025 30 JUNE 2024 (REVIEWED) (REVIEWED) (Loss)/profit for the period
Slide 64: Tangible NAV per share; Commitments and Contingencies
62 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 13 . P E R S H A R E I N F O R M A T I O N C O N T I N U E D Tangible NAV per share The Group’s USD tangible NAV per sh
Slide 65: Related-Party Transactions
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 63 15 . R E L A T E D - PA R T Y T R A N S A C T I O N S The Directors are the Key Management Personnel of the Group. Base salaries paid to the Executive Directors in the six-month period to 30 June 2025 were USD 420,522 (2024: USD 525
Slide 66: Discontinued Operations continued
64 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Notes to the Interim Condensed Consolidated Financial Statements continued for the six months ended 30 June 2025 16 . D I S C O N T I N U E D O P E R A T I O N S C O N T I N U E D The major classes of assets and liabilities of Faber
Slide 67: Earnings per share; Events after the period
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 65 16 . D I S C O N T I N U E D O P E R A T I O N S C O N T I N U E D Earnings per share SIX MONTHS ENDED SIX MONTHS ENDED 30 JUNE 2025 30 JUNE 2024 (REVIEWED) (REVIEWED) Loss for the year from discontinued operations attributable to o
Slide 68: Independent Review Report
66 INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED Independent Review Report to the shareholders of Gemfields Group Limited CONCLUSION We have been engaged by the Company to review the condensed set of financial statements in the half-yearly financial report for the six months ended
Slide 69: Auditor’s Responsibilities for the Review of the Financial Information
INTERIM REPORT 2025 FINANCIAL STATEMENTS GEMFIELDS GROUP LIMITED 67 AUDITOR’S RESPONSIBILITIES FOR THE REVIEW OF THE FINANCIAL INFORMATION In reviewing the half-yearly report, we are responsible for expressing to the Company a conclusion on the condensed set of financial statements in the half-yearl
Slide 70: Administration
INTERIM REPORT 2025 4 Administration Company Details 70 Image courtesy of Natasha Collis featuring Gemfields Zambian emeralds
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Slide 72: Company Details
70 INTERIM REPORT 2025 ADMINISTRATION GEMFIELDS GROUP LIMITED Company Details Gemfields Group Limited Incorporated in Guernsey. Guernsey registration number: 47656 South African external company registration number: 2009/012636/10 Share codes: JSE: GML/AIM: GEM ISIN: GG00BG0KTL52 Executive Directors
Slide 73: Printed by a Carbon Neutral Operation
CBP032848 Printed by a Carbon Neutral Operation (certified: CarbonQuota) under the PAS2060 standard. Printed on material from well-managed, FSC™ certified forests and other controlled sources. This publication was printed by an FSC™ certified printer that holds an ISO 14001 certification. 100% of th
Slide 74: www.gemfieldsgroup.com
www.gemfieldsgroup.com Image courtesy of Billie Hughes - Lotus Gemology