SERABI GOLD PLC reports results 2025

2025-11-28 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On November 28, 2025, Serabi Gold PLC announced its unaudited interim results for the three and nine-month periods ending September 30, 2025. The company, which focuses on gold mining and development in Brazil, reported significant year-on-year improvements across key financial metrics.

For the nine months ending September 30, 2025, Serabi Gold produced 32,634 ounces of gold, a 19% increase compared to 27,499 ounces in the same period of 2024. This growth in production is attributed to enhanced operational efficiencies and higher average gold prices, which averaged $3,244 per ounce during the period, up from $2,338 in the previous year.

Revenue for the nine-month period reached $104.5 million, a substantial increase from $70.3 million in the corresponding period of 2024, reflecting the higher production levels and gold prices. The gross operating profit also saw a significant rise to $56.4 million, compared to $30.4 million a year earlier. EBITDA for the nine months was reported at $48.2 million, marking a remarkable 95% increase from $24.7 million in the prior year.

The company reported a post-tax profit of $34.9 million for the nine-month period, which translates to earnings per share (EPS) of 46.10 cents. This is a notable increase from the profit of $17.8 million and EPS of 23.55 cents reported in the same period of 2024, reflecting a 96% year-on-year growth in profitability.

In terms of cash flow, Serabi Gold recorded a net cash inflow from operations of $34.3 million for the nine months, significantly higher than the $18.2 million inflow reported in 2024. The company ended the quarter with a cash balance of $38.8 million, up from $22.2 million at the end of 2024, and a net cash position of $33.0 million after accounting for interest-bearing loans and lease liabilities.

The All-In Sustaining Cost (AISC) for the nine-month period was $1,816 per ounce, slightly higher than the $1,790 per ounce reported in the previous year, reflecting ongoing development investments and inflationary pressures. The cash cost of production was reported at $1,429 per ounce, compared to $1,405 in 2024.

Looking ahead, Serabi Gold remains optimistic about meeting its full-year guidance, bolstered by its strong financial performance and operational metrics. The company continues to focus on exploration and resource development, with ongoing drilling activities aimed at increasing resources to the 1.5-2.0 million ounce range in the coming years.

In summary, Serabi Gold’s interim results for the nine months ending September 30, 2025, demonstrate robust growth in production, revenue, and profitability, positioning the company favorably for continued success in the gold mining sector.

Original Announcement

Title: Unaudited interim results for the three and nine-month periods ended 30 September 2025
Date: 2025-11-28
Source: London Stock Exchange