London · Delayed Price · Currency is GBP · Price in GBX Petra Diamonds Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined year-over-year due to tender timing, but cost discipline and improved product mix drove higher adjusted EBITDA. Net loss was impacted by impairments, while refinancing and capital projects position the business for resilience amid ongoing diamond market weakness.
Fiscal Year 2025
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Interim results show significant cost reductions and improved cash flow, but revenue and EBITDA declined due to weaker pricing and deferred sales. The business is now focused on Cullinan and Finsch mines, with restructuring and refinancing plans underway.
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First quarter FY2025 saw a 7% production increase and $23 million in revenue, with deferred sales impacting net debt. High-value diamond sales and cost control measures support resilience, while refinancing of 2026 loan notes and market recovery remain key priorities.
Fiscal Year 2024
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Revenue increased to $367 million despite weaker diamond prices, while adjusted EBITDA fell to $66 million and net loss after tax reached $107 million due to impairments. Cost and CapEx reductions improved cash flow, with net cash generation targeted for FY 2025.