Reviewed Interim Results for the six months ended 30 June 2023

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

To download the ‘Interim Report 2023’ – please click below: