Reviewed Interim Report for the six months to 30 June 2024

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).

To download the ‘Interim Report 2024’ – please click below: