Goldplat (LSE:GDP) delivered a strong performance for the six months to 31 December 2025, with revenue increasing 53% to £45.2 million and operating profit reaching £4.8 million. The results were driven largely by higher gold production from the company’s South African operations and a stronger average gold price during the period.
Net profit attributable to shareholders rose 133% to £3.3 million, while fully diluted earnings per share more than doubled to 1.91 pence. Although cash balances declined following the settlement of significant payables and continued investment in capital expenditure and dividends, the group maintained a solid net cash position.
During the period, Goldplat also initiated a regular dividend programme. The company paid £350,000 in dividends during the half-year and £600,000 over the past eight months, reflecting management’s confidence in ongoing cash generation. At the same time, the group continued investing in operational improvements at its Ghanaian operations and in the development of a new processing facility in Brazil.
Looking ahead, management aims to maintain and expand its market share in South Africa while improving recovery rates and profitability in Ghana, where beneficiation requirements influence operations. The company is also working to grow sourcing and service capabilities in South America. In addition, Goldplat is advancing plans to collaborate with DRDGOLD on the reprocessing of a tailings storage facility, which could further strengthen its position in the niche precious metals recovery market.
Goldplat’s outlook is supported by its strong balance sheet and solid cash flow generation. However, these positives are partly offset by signs of declining revenue momentum and some pressure on profit margins. From a technical perspective, the share price trend remains positive but appears somewhat stretched, with elevated RSI and stochastic indicators. Valuation metrics currently suggest a fair rather than deeply discounted level following the recent operational developments.
More about Goldplat
Goldplat plc is an AIM-listed mining services company specialising in precious metals recovery. The group operates primary gold recovery facilities in South Africa and Ghana and is expanding sourcing activities in South America, including Brazil. Goldplat focuses on processing mining by-products and low-grade materials, providing specialised recovery solutions for gold and other precious metals across the African and South American mining sectors.
Leave a Reply