London · Delayed Price · Currency is GBP · Price in GBX Jubilee Metals Group Earnings Call Transcripts
Fiscal Year 2026
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Interim results show improved revenues and profits, but South African operations are now discontinued and Zambian production was below expectations due to weather and supply chain issues. Guidance is withheld pending resolution of key operational uncertainties.
Fiscal Year 2025
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A major asset sale will fund a strategic shift to copper in Zambia, with operations restructured into three independent businesses and a focus on non-dilutive growth. The payment structure for the sale is designed to protect value, while partnerships and asset sales will support expansion.
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Revenue surged 51% year-over-year, led by chrome growth, though margins were squeezed by lower prices and power disruptions in Zambia. South African operations are mature and profitable, while Zambian copper projects are recovering and poised for future growth.
Fiscal Year 2024
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Revenue grew 20% year-over-year to $205 million, led by chrome, with EBITDA at $27 million. Chrome output exceeded 1.5 million tons, and Zambian copper operations expanded with new projects and processing upgrades. Power supply risks in Zambia were mitigated by private renewable agreements.