Business
Final Results for the Year Ended 31 December 2025
Metals Exploration PLC reported final audited results for the year ended December 31, 2025, with sales revenue increasing by 9.1% to US$208.4 million, driven by a higher average gold selling price of US$3,154 per ounce, despite a 22.2% decrease in gold production to 65,287 ounces due to BIOX circuit contamination and typhoon damage. The company achieved a significant financial performance with operating profit up 15.1% to US$61.6 million and adjusted EBITDA rising 27.6% to US$125.9 million, while successfully becoming debt-free and generating US$115.3 million in free cash from operations. Construction of the La India gold project in Nicaragua progressed to 33% completion, slightly ahead of schedule and within budget, with US$72.6 million in expenditure. The company also reported a lost time injury in March 2025, ending an eight-year LTI-free period. Disclaimer*
About this update from Metals Exploration Plc
[{"type":"text","content":"\n\n\n\n\n\nMetals Exploration\n\n\n\n\n\n\n\n3rd Floor,\n\n\n\n\n22a St James Square, London, SW1Y 4JH\n\n\n\n\nEmail: [email protected]\n\n\n\n\n\n \n\n \n22 May 2026\n \nMETALS EXPLORATION PLC\n \nFinal Results for the Year Ended 31 December 2025\nMetals Exploration plc (AIM: MTL) (the \"Company\" or the \"Group\"), a gold production, exploration and development company with assets in the Philippines and Nicaragua, announces its final audited results for the year ended 31 December 2025 (\"FY2025\" or the \"Period\").\nThe financial information set out in this announcement does not comprise the Group's statutory accounts for the years ended 31 December 2025 or 31 December 2024. The financial information has been extracted from the statutory accounts of the Group and the Company for the years ended 31 December 2025 and 31 December 2024. The auditors reported on those accounts; the 31 December 2025 and 31 December 2024 reports were unqualified and did not contain a reference to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under either Section 498 (2) or Section 498 (3) of the Companies Act 2006. The statutory accounts for the year ended 31 December 2024 have been delivered to the Registrar of Companies, whereas those for the year ended 31 December 2025 will be delivered to the Registrar of Companies following the Company's annual general meeting.\nTo access a full version of the 2025 annual report, please go to the Company website investor centre webpage: https://metalsexploration.com/investors/results-and-reports/\n \nABOUT METALS EXPLORATION\n \nGOLD PRODUCER, EXPLORER AND DEVELOPER\nMetals Exploration plc (\"Metals Exploration\", \"MTL\", the \"Company\", or the \"Group\") is a gold production, exploration and development company with assets in the Philippines and Nicaragua. In the Philippines it operates the Runruno gold mine located 250 kilometres north of Manila in the mineral rich Nueva Viscaya province, on Luzon island. In Nicaragua, the Company is developing the La India gold project, a two-hour drive north of Managua, the capital city. Further, the Group has a portfolio of exploration projects in both the Philippines and Nicaragua.\n \nGROUP VISION & MISSION STATEMENT\nThe Group's visio...
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