Financial Reports

Gemfields is pleased to announce the Company’s financial results for the six months to 30 June 2024 (“2024 Interim Results”). Highlights: Total revenue for the six months to 30 June 2024 of USD 128.0 million. EBITDA for the six months to 30 June 2024 of USD 49.6 million (an EBITDA margin of 38.8% for the Group). Free cash flow before working capital movements for the six months to 30 June 2024 of USD 3.3 million due primarily to significant investment programme. Group’s net debt position at 30 June 2024 was USD 44.4 million (before USD 65.5 million of auction receivables and which are now 100% collected).

Gemfields is pleased to announce the Company’s financial results for the six months ended 30 June 2023 (“2023 Interim Results”). Highlights: Total revenue for the six months ended 30 June 2023 of USD 154 million. EBITDA for the six months ended 30 June 2023 of USD 73 million. Maintained a healthy EBITDA margin of 47.5%. Free cash flow before working capital movements for the six months ended 30 June 2023 of USD 25.2 million. Strong balance sheet with net cash balance at 30 June 2023 of USD 62 million, and USD 63.8 million of auction receivables now 97% collected

Gemfields is pleased to announce the Company’s financial results for the six months ending 30 June 2022 (“2022 Interim Results”) and the declaration of an Interim Dividend (“Dividend”) of USD 15 million.

Gemfields is pleased to announce the Company’s financial results for the six months ending 30 June 2021 (“2021 Interim Results”). The content of this short-form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement represents a summary of the information contained in the full announcement and does not contain full or complete details of the financial results.