Interim results for the 6-months ended 31 Dec 2025

About this update from Goldplat Plc

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration   18 March 2026 Goldplat plc ('Goldplat' or the 'Company') Interim results for the six-month period ended 31 December 2025 Goldplat Plc, (AIM:GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, is pleased to announce its unaudited interim results for the six months ended 31 December 2025 ('H1 2025'). Goldplat continued to achieve strong profitable results for H1 2025. Highlights include: · Strong operating profit for H1 2025 of £4,802,000 (H1 2024: £2,635,000); · Revenue increased by 53% to £45,151,000 (H1 2024: £29,596,000) driven by strong supply in South Africa and a high average gold price; · Net profit attributable to owners of the company grew 133% to £3,276,000 (H1 2024: £1,407,000); · Fully diluted earnings per share for the six-month period more than doubled to 1.91 pence per share (H1 2024: 0.83 pence per share); · The group net cash balance remained strong at £4,806,000 (30 June 2025: £6,088,000); and · During the period the Company spent £629,505 (H1 2024: £861,480) on capital expenditure. · Dividends declared during the 6-month period amounted to £350,000 (H1 2024: £nil)   Werner Klingenberg, CEO of Goldplat commented: "I am encouraged by the continued strong results achieved by the group (supported by good volumes and high gold price) and Group being in a position to start paying regular dividends. We remain focussed on strengthening our control of the outcome on the TSF, maintaining and increasing market share, improving recoveries and margins in Ghana, unlocking potential in other precious metals in South Africa and maximising value from the current high gold price, whilst returning value to shareholders on a regular basis. There is still significant work to be completed but all our efforts will create a more robust business providing a niche solution to the industry it operates in." For further information visit www.goldplat.com, follow on X @GoldPlatGDP or contact: Werner Klingenberg   Goldplat plc (CEO)   Tel: +27 (0) 82 051 1071 Colin Aaronson / Samantha Harrison / Ciara Donnelly   Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100 Harry Ansell / James Bavister / Andrew de Andrade   Zeus (Broker) Tel: +44 (0) 203 829 5000 Tim Thompson / Mark Edwards / Fergus Mellon Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474 [email protected]                   Chairman's Statement Goldplat plc's precious metals processing facilities combined continued to achieve good trading results for the half year ended 31 December 2025 (H1 2025). Looking at the trading results of Goldplat plc ("the Company" or "Goldplat") and its subsidiaries, together referred to as "the Group", operating profit for the half year was £4,802,000 (H1 2024: £2,635,000 and FY 2025: £3,733,000). The increase was driven by an increase in revenue of 53% to £45,151,000 (H1 2024: £29,596,000) because of strong production of gold in South Africa and higher average gold price. The average gold price in United States Dollar for H1 2024 to H1 2025 increased by circa 49%. As a result of the strong operational data, the profit for the period after tax increased to £3,510,000 (H1 2024: £1,478,000) and an all-in, fully diluted EPS for the half year of 1.91 pence (H1 2024: 0.83 pence). The strong operational results were driven by increased supply in South Africa, which resulted in an increase in the income taxation percentage in South Africa. Further, due to the change in balance of where profits were generated in the Group (the previous year a greater percentage was made in Ghana which has a lower tax rate), the effective tax rate increased from 19.06% to 25.37%. As a result, the income tax for the period therefore increased to £1,193,000 (H1 2024: £348,000). During the 6-month period the group had foreign exchange gain of £174,000, mainly because of gains experienced in South Africa on the back of a strengthening ZAR against the USD and GBP. During H1 2024, the Group experienced a foreign exchange loss of £ 476,000. All of these factors contributed to the Group generating a net profit of £3,510,000 (H1 2024: £1,478,000). Dividends During the period interim dividends of 0.0878 pence per share on 29 August 2025 and 0.1171 pence per share on 19 December 2025 were paid to shareholders respectively and after the period end, a further interim dividend of 0.14638 pence per share was paid to shareholders on 6 March 2026. The total value of dividends paid over the period was £350,000, and over the las 8 months £600,000. Working capital Goldplat Recovery Gold Recovery Ghana Gold Recovery Brazil Goldplat Group 31 Dec '25 30 Jun '25 31 Dec '25 30 Jun '25 31 Dec '25 30 Jun '25 31 Dec '25 30 Jun '25 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 Inventory 6,671 5,963 8,785 8,857 1,578 57 17,034 14,878 Trade and other receivables 14,810 9,521 3,801 733 (35) (5) 18,280 10,554 Trade and other payables 5,235 10,517 15,718 5,632 1,597 313 22,771 17,497 Cash and cash equivalents 1,302 1,550 3,183 4,242 217 33 4,806 6,088 Cash and cash equivalents at the end of the period decreased to £4,806,000 (30 June 2025: £6,088,000) due to large trade payables outstanding on 30 June 2025 being settled during the period. Trade and other receivables as well as trade and other payables increased from 30 June 2025 due to the increase in supply in South Africa. Trade and other receivables also increased as a result of Ghana delivering bullion just before the period end. The increase in inventory was driven to a large degree by Gold Recovery Brazil's acquisition of material before the period end which will be processed and sold during H2.   Goldplat Recovery (Pty) Ltd Revenue increased by 174% to £28,405,000 (H1 2024: £10,367,000) driven by an increase of supply, from South America, a specific project in South Africa and the increase in the gold price. As a result, the operating profit for the period increased to £3,458,000 (H1 2024: £883,000). As per our team's focus over the last couple of years, we have seen an increase in our share of the by-products market and with that an increase in volumes during Q2. These efforts, combined with solid gold recoveries from our low-grade circuits, supported by the high gold price, resulted in a good operating performance during Q2. Although, in the short-term, the focus will be in extracting value from the current high gold price, in the longer term the aim is to find better visibility of supply through diversifying into other precious metals or other types of gold resources. In the interim, visibility of supply of low-grade soils for our milling circuits remains strong, with more than 12 months of material for processing on site and more under contract. Gold Recovery Ghana Revenue in Ghana during the period decreased from £18,614,000 (H1 2024) to £16,746,000 (H1:2025) as a result of H1 2024 still including sales from material exported based on previous business model. Based on the new business model, GRG had a good productive quarter, whilst focus remained on maximizing gold recoveries from material sourced, mainly from clients in Ghana. Ghana's profit margin has been impacted by a number of batches where margins were affected by statistical errors in sampling and assaying. The procedure and processes in this regard have already been updated. As a result of items mentioned above the profit from operating activities during the period decreased from £2,153,000 (H1 2024) to £1,259,000 (H1 2025). As we have mentioned previously, the focus remains on optimizing the recovery through our local beneficiation plant and as a result GRG plans to invest a further £700,000 over the next six months to improve our processes to increase recovery and environmental management. The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and change our process and procedures to manage risks and maximize margins. Gold Recovery Brazil We have spent close to £156,000 of the planned spend of £200,000 on the new plant to date. Spiral equipment was ordered and arrived in Brazil in January 2026. Sourcing in South America was strong during the quarter with several new sourcing agreements in place and continues to be the focus of the local team. We continue to receive material from our regular sources in South America with material being sent to Ghana and South Africa for processing. During Q2, a decision was made to send more material to South Africa while we reduce stock levels in Ghana through new processing methods. Outlook Our operations continue to build on its current strength with specific focus on: •     to maintain our market share in South Africa and increase our client base in neighboring countries; •     to reduce the cost of production, specifically on our CIL circuits in South Africa. •     to agree commercial terms on the reprocessing of the TSF with DRDGOLD; •     finalise the regulatory requirements to allow us to pump material through a pipeline to the DRDGOLD facility; •     to identify interim measures to extract value from the TSF; •     improve our recovery of gold through improving our local beneficiation processes in Ghana; •     to develop land acquired in Brazil, and expand our service delivery, specifically on lower grade material in Brazil and elsewhere in South America; and •     leveraging our strength and capabilities through the processing of other precious metals and commodities. The Company will remain focused on sharing future cashflows with shareholders, specifically distributing surplus cash to shareholders where not required for growth in line with key initiatives or managing specific risks. Gerard Kisbey Green Chairman 18 March 2026   Statements of Financial Position Figures in £'000 Notes Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Assets Non-current assets Property, plant and equipment 4 7,052 6,384 6,073 Right-of-use assets 820 773 853 Intangible assets 5 4,664 4,664 4,664 Investments in subsidiaries, joint ventures and associates 6 1 1 1 Unlisted Investments 1 1 1 Receivable on Kilimapesa sale 7 - - 608 Other loans and receivables 8 179 119 148 Total non-current assets 12,717 11,942 12,348 Current assets Inventories 9 17,034 14,878 15,056 Trade and other receivables 10 18,280 10,554 7,391 Receivable on Kilimapesa sale 7 - - 106 Other loans and receivables 8 24 22 21 Cash and cash equivalents 11 4,806 6,088 2,772 Total current assets 40,144 31,542 25,346 Total assets 52,861 43,484 37,694 Equity and liabilities Equity Share capital 12 1,708 1,708 1,678 Share premium 12 11,623 11,623 11,562 Capital Redemption Reserve 12 53 53 53 Retained income 20,574 17,648 17,937 Foreign exchange reserve (7,664) (8,204) (10,568) Total equity attributable to owners of the parent 26,294 22,828 20,662 Non-controlling interests 1,147 948 1,016 Total equity 27,441 23,776 21,678 Liabilities Non-current liabilities Provisions 13 783 717 723 Deferred tax liabilities 809 441 604 Lease liabilities 193 240 373 Total non-current liabilities 1,785 1,398 1,700 Current liabilities Trade and other payables 14 22,771 17,497 13,726 Current tax liabilities 557 560 302 Lease liabilities 305 251 285 Bank overdraft 11 2 2 3 Total current liabilities 23,635 18,310 14,316 Total liabilities 25,420 19,708 16,016 Total equity and liabilities 52,861 43,484 37,694 The notes below are an integral part of this condensed consolidated interim financial report.   Statements of Profit or Loss and Other Comprehensive Income Figures in £'000 Notes Unaudited Group 6 month period ended 31 December 2025 Audited Group 12 month period ended 30 June 2025 Unaudited Group 6 month period ended 31 December 2024 Revenue 45,151 56,667 29,596 Cost of sales (38,575) (48,526) (25,240) Gross profit 6,576 8,141 4,356 Other income 80 80 83 Administrative expenses (1,854) (4,488) (1,804) Profit from operating activities 4,802 3,733 2,635 Finance income 81 128 64 Finance costs (354) (489) (397) Foreign exchange 174 (1,401) (476) Profit before tax 4,703 1,971 1,826 Income tax expense 15 (1,193) (815) (348) Profit for the period 3,510 1,156 1,478 Profit for the period attributable to: Owners of Parent 3,276 1,015 1,407 Non-controlling interest 234 141 71 3,510 1,156 1,478 Other comprehensive income net of tax Components of other comprehensive income that will be reclassified to profit or loss Exchange differences on translation relating to the parent Gains/(losses) on exchange differences on translation 540 2,232 (132) Total Exchange differences on translation 540 2,232 (132) Exchange differences relating to the non-controlling interest (Losses)/Gains on exchange differences on translation 16 (56) (74) Total other comprehensive income that will be reclassified to profit or loss 556 2,176 (206) Total other comprehensive (expense)/income net of tax 556 2,176 (206) Total comprehensive income 4,066 3,332 1,272 Comprehensive income attributable to: Comprehensive income, attributable to owners of parent 3,276 3,247 1,275 Comprehensive income, attributable to non‑controlling interests 234 85 (3) 3,510 3,332 1,272 Earnings per share from continuing and discontinuing operations attributable to owners of the parent during the year Basic earnings per share Basic earnings per share 16 1.95 0.60 0.84 Diluted earnings per share Diluted earnings per share 16 1.91 0.60 0.83 The notes below are an integral part of this condensed consolidated interim financial report.   Statements of Changes in Equity - Group Capital Foreign Attributable Non- Share Share Redemption exchange Retained to owners of controlling Figures in £'000 Capital premium reserve reserve income the parent interests Total Balance at 1 July 2024 1,678 11,562 53 (10,436) 16,530 19,387 1,080 20,467 Changes in equity Profit for the year - - - - 1,015 1,015 141 1,156 Other comprehensive income - - - 2,232 - 2,232 (56) 2,176 Increase (decrease) due to adjustments - - - - (9) (9) - (9) Total comprehensive income for the year - - - 2,232 1,006 3,238 85 3,323 Non-controlling interests in subsidiary dividend - - - - - - (217) (217) Funds received on the issue of equity 30 61 - - - 91 - 91 Cost of share options issued - - - - 112 112 - 112 Audited Balance at 30 June 2025 1,708 11,623 53 (8,204) 17,648 22,828 948 23,776   Capital Foreign Attributable Non- Share Share Redemption exchange Retained to owners of controlling Figures in £'000 Capital premium reserve reserve income the parent interests Total Balance at 1 July 2025 1,708 11,623 53 (8,204) 17,648 22,828 948 23,776 Changes in equity Profit for the year - - - - 3,276 3,276 234 3,510 Other comprehensive income - - - 540 - 540 16 556 Total comprehensive income for the year - - - 540 3,276 3,816 250 4,066 Dividends paid to shareholders - - - - (350) (350) - (350) Non-controlling interests in subsidiary dividend - - - - - - (51) (51) Unaudited Balance at 31 December 2025 1,708 11,623 53 (7,664) 20,574 26,294 1,147 27,441 The notes below are an integral part of this condensed consolidated interim financial report.   Statements of Cash Flows Figures in £'000 Notes Unaudited Group 6 month period ended 31 December 2025 Audited Group 12 month period ended 30 June 2025 Unaudited Group 6 month period ended 31 December 2024 Net cash flows from operations 948 7,215 745 Finance cost paid (25) (93) (106) Finance income received 16 19 9 Income taxes paid (828) (1,127) (450) Net cash flows from operating activities 111 6,014 198 Cash flows used in investing activities Loan issued to group entities (45) - - Purchase of property, plant and equipment (725) (1,533) (861) Dividends received 2 - - Cash flows used in investing activities (768) (1,533) (861) Cash flows used in financing activities Repayment of capital portion of interest-bearing borrowings - (280) (296) Additional lease liabilities obtained 107 - - Principal paid on lease liabilities (163) (482) (273) Payment of dividend to non-controlling interest (51) (217) (61) Dividend paid (350) - - Funds received on the issue of equity - 91 - Cash flows used in financing activities (457) (888) (630) Net (decrease)/increase in cash and cash equivalents (1,114) 3,593 (1,293) Cash and cash equivalents at beginning of the period 6,086 3,886 3,886 Foreign exchange movement on opening balance (168) (1,393) 176 Cash and cash equivalents at end of the period 11 4,804 6,086 2,769 The notes below are an integral part of this condensed consolidated interim financial report.   Notes to the Consolidated Financial Statements 1. General information This condensed consolidated interim financial information does not comprise statutory accounts within the meaning of section 434 of the Companies Act 2006. Statutory accounts for the year ended 30 June 2025 were approved by the Board of Directors and have been delivered to the Registrar of Companies. The auditors report on those accounts: their report was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under section 498(2) or (3) of the Companies Act 2006. 2. Basis of preparation Statement of compliance The interim consolidated financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting and the AIM Rules for Companies and in accordance with the accounting policies of the consolidated financial statements for the year ended 30 June 2025. They do not include all disclosures that would otherwise be required in a complete set of financial statements and should be read in conjunction with the last annual report. The consolidated financial statements have been prepared in accordance with UK - adopted International Accounting Standards ("IAS") and the Companies Act 2006 as applicable to entities reporting in accordance with IAS; as applicable to entities reporting in accordance with IFRS. Going concern The directors have assessed that the group is able to continue in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading or seeking protection from creditors pursuant to laws or regulations and thus have adopted the going concern basis in preparing these financial statements. The assessment of the going concern assumption involves judgement, at a particular point in time, about the future outcome of events or conditions which are inherently uncertain. The judgement made by the directors included the availability of and the ability to secure material for processing at its plants in South Africa and Ghana, the impact of loss of key management, outlook of commodity prices and exchange rates in the short to medium term and changes to regulatory and licensing conditions. 3. Significant accounting policies The accounting policies applied in this condensed consolidated interim financial report are the same as those applied in the Group's consolidated financial statements as at and for the year ended 30 June 2025. 4. Property, plant and equipment During the six months ended 31 December 2025, the Group acquired assets with a cost, excluding capitalised borrowing costs, of £629,505 (six months ended 31 December 2024: £861,480; twelve months ended 30 June 2025: £1,533,000). 5. Intangible assets Intangible assets at the end of the period relate only to goodwill which relate to the investment held in Gold Minerals Resources Limited. The balance is supported by the combined ongoing gold recovery operations in South Africa and Ghana. During the six months ended 31 December 2025 the goodwill balance has not been impaired (six months ended 31 December 2024: £nil; twelve months ended 30 June 2025: £nil). 6. Investments in subsidiaries, joint ventures and associates The amounts included on the statements of financial position comprise the following: Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Investment in joint ventures 1 1 1 7. Receivable on Kilimapesa sale Receivable on Kilimapesa sale incorporates the following balances: The receivable relates to the 1% net smelter royalty on production of Kilimapesa up to a maximum of USD1,500,000. Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Non-current assets - - 608 Current assets - - 106   - - 714 Other financial assets are recognised initially at the fair value, including transaction costs. The asset will subsequently be measured at fair value and are grouped into levels 1 to 3 based on the degree to which the fair value is observable. The financial assets from the Kilimapesa sale has unobservable inputs and is therefore included in level 3. Included in the sales price of Kilimapesa is USD1,500,000 in future royalties based on the amount of gold sold by the purchaser. The amount of gold ounces sold will be dependent on various factors including capital allocation, production and sales scheduling and capital availability on Kilimapesa mine. We used forecasts available in the market as at end of the year but actual results might vary. 8. Other loans and receivables Other loans and receivables comprise the following balances Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Aurelian Capital Proprietary Limited 143 127 154 Green Coal Technologies receivable 60 14 15   203 141 169 The R6 million Aurelian vendor loan receivable has no fixed payment terms and is interest free. The 60 shares to which the loan relates are held by an agent in an escrow account. Title to the shares will only be released once the residual shares consideration has been discharged in full. The consideration for the shares is to be received in the form of distributions to be made and withheld by the company in lieu of the loan. 9. Inventories Inventories comprise: Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Raw materials 1,689 1,590 1,965 Consumable stores 2,262 1,921 1,353 Precious metals on hand and in process 13,083 11,367 11,738   17,034 14,878 15,056 Inventories are initially recognised at cost, and subsequently at the lower of cost and net realisable value. Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Weighted average cost is used to determine the cost of ordinarily interchangeable items. 10. Trade and other receivables Trade and other receivables comprise: Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Trade receivables 15,180 8,123 4,624 Provision for impairment of receivables (27) (25) (28) Trade receivables - net 15,153 8,098 4,596 Sundry debtors 1 1 1 Prepaid expenses 97 31 43 Other receivables 2,392 2,182 2,541 Value added tax 637 242 210   18,280 10,554 7,391 11. Cash and cash equivalents 11.1 Cash and cash equivalents included in current assets: Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Cash       Balances with banks 4,806 6,088 2,772 11.2 Overdrawn cash and cash equivalents included in current liabilities Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Bank overdrafts (2) (2) (3) 12. Share capital Authorised and issued share capital Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Issued       Ordinary shares 1,708 1,708 1,678 1,708 1,708 1,678 Share premium 11,623 11,623 11,562   13,331 13,331 13,240 13. Provisions Provisions comprise: Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Environmental obligation 783 717 723 In terms of section 54 of the regulations of the Minerals Resource and Petroleum Act of 2002, in South Africa, a Quantum of Financial Provisioning is required for activities performed under the mining lease. Quantum of Financial Provisioning requires a detailed itemization of actual costs relating to the premature closure, decommissioning and final closure and post closure management. The Company makes use of an independent consultant to calculate the detail itemized actual current costs for rehabilitation and to evaluate any critical estimates and assumptions. The Quantum of Financial Provisioning has been approved by the Department of Minerals Resources in South Africa. The Company has insured the obligation and has ceded the proceeds from the policy to the Department of Minerals Resources. 14. Trade and other payables Trade and other payables comprise: Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 Trade creditors 4,611 6,527 3,179 Anumso license accrual 369 369 369 Accrued liabilities 13,374 6,001 8,334 Invoice financing creditor 4,417 4,600 1,844 Total trade and other payables 22,771 17,497 13,726 15. Income tax expense Income tax expense is recognised based on management's best estimate of the weighted average annual income tax rate expected for the full financial year applied to the pre-tax income of the interim period. The tax charges for the period arises in South Africa, Ghana and on declaration of dividends from South Africa. The effective income tax rate in GPL was 25% (six months ended 31 December 2024: 7.73%), GRG was 25% (six months ended 31 December 2024: 15%) and the withholding tax rate on dividends declared was 5% (six months ended 31 December 2024: 5%). 16. Earnings per share Basic earnings per share Figures in £'000 Unaudited Group 31 December 2025 Audited Group 30 June 2025 Unaudited Group 31 December 2024 The earnings and weighted average number of ordinary shares used in the calculation of basic earnings per share are as follows:       Profit for the year attributable to owners of the company 3,276 1,015 1,407 Earnings used in the calculation of basic earnings per share for continuing operations 3,276 1,015 1,407 Weighted average number of ordinary shares used in the calculation of basic earnings per share ('000s) 168,435 168,435 167,783 Weighted average number of ordinary shares used in the calculation of diluted earnings per share ('000s) 171,756 169,106 169,340 17. Segment information 17.1 Segment revenues Figures in £'000 Total segment revenue Period ended 31 December 2025   South African Recovery Operations 28,405 West African Recovery Operations 16,746 South American Recovery Operations 494 Administration and Other (494) Group revenue 45,151 Period ended 30 June 2025   South African Recovery Operations 22,349 West African Recovery Operations 34,318 South American Recovery Operations 1,330 Administration and Other (1,330) Group revenue 56,667 Period ended 31 December 2024   South African Recovery Operations 10,367 West African Recovery Operations 18,614 South American Recovery Operations 616 Administration and Other -   29,596 17.2 Other incomes and expenses Figures in £'000 Depreciation Finance cost Finance income Segment profit/(loss) before tax Taxation Year ended 31 December 2025           South African Recovery Operations (320) (161) 80 3,378 (896) West African Recovery Operations (145) (21) - 1,237 (209) South American Recovery Operations (5) - (24) 213 (31) Administration - (15) (5) 547 (57) Intercompany trade and consolidation journals - 14 - (673) - Total other incomes and expenses (470) (183) 51 4,702 (1,193) Period ended 30 June 2025           South African Recovery Operations (685) (292) 212 1,679 (173) West African Recovery Operations (187) (1,437) (142) 2,261 (504) South American Recovery Operations (3) (1) 5 (39) (64) Administration - (84) 94 749 (403) Intercompany trade and consolidation journals - (39) (78) (2,678) 329 Total other incomes and expenses (875) (1,853) 91 1,972 (815) Period ended 31 December 2024           South African Recovery Operations (305) (126) 113 832 (76) West African Recovery Operations (70) (620) (78) 1,456 (249) South American Recovery Operations - - (1) 163 (37) Administration - (54) (35) 409 (315) Intercompany trade and consolidation journals - 79 (49) (1,034) 329 Total other incomes and expenses (375) (721) (50) 1,826 (348) Adjustment for movement in provisions 66 - - - -     REGISTERED OFFICE 6th Floor, 99 Gresham Street London, EC2V 7NG United Kingdom Email: [email protected] WWW.GOLDPLAT.COM

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