News and Announcements

Grant of awards under Long Term Incentive Plan and PDMR dealings

Shareholders are advised that the Company has awarded conditional share awards over a total of 51,085,102 shares in the capital of the Company. The awards have been granted under the Gemfields Group Limited Long Term Incentive Plan 2023 (“LTIP”) to one Executive Director and a number of senior employees including persons discharging managerial responsibilities (“PDMRs”). The conditional share awards equate to 2.96% of the issued share capital in aggregate.

Reviewed Interim Report for the six months to 30 June 2026

Gemfields announces the Group’s financial results for the six months to 30 June 2026 (“2026 Interim Results”). Summarised Results: Total revenue for the six months to 30 June 2026 of USD 106.0 million. EBITDA for the six months to 30 June 2026 of USD 40.7 million. Statutory loss per share of USDc 4.3 primarily driven by a non-cash impairment charge of USD 125.2 million, recognised in respect of MRM. Adjusted headline earnings per share of USDc 0.6. Free cash flow before working capital movements for the six months to 30 June 2026 of USD 17.4 million, reflecting the inclusion of revenues from the delayed December 2025 mixed-quality ruby auction, which was held in February 2026. The Group’s net debt position...
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Auction Results: Commercial-Quality Emeralds

Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 24 August – 10 September 2026. Highlights: September 2026 Commercial-Quality Emerald Auction Total auction revenues of USD 29.6 million 44 lots were offered for sale and all 44 were sold (100%) Average realised price of USD 9.72 per carat

Operational update to 30 June 2026

Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the six months to 30 June 2026. These unaudited figures have been produced on a monthly basis for Gemfields’ 75%-owned emerald mine, Kagem Mining (“Kagem”) and 75%-owned ruby mine, Montepuez Ruby Mining (“MRM”).

Auction Results – Trade Select Ruby Auction and MRM Update

Gemfields announces the results of an auction of mixed-quality rough ruby held from 22 to 29 June 2026. This marks the Company’s first “Trade Select” auction, featuring a broader mix of ruby qualities as well as newly introduced sapphire categories. Highlights – Trade Select Ruby Auction – June 2026 Total auction revenues of USD 23.1 million. 82 of the 89 lots offered for sale were sold (92.1%). 374,008 carats were offered for sale with 348,409 carats sold (93.2%). Average sales price of USD 66.30 per carat.
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