The Sylvania Platinum Limitef Board has declared an interim dividend for HY1 FY2025 of 0.75 pence per Ordinary Share held which will be payable on 4 April 2025.
Payment of the interim dividends will be made to shareholders on the register of the Company at the close of business on 28 February 2025 and the ex-dividend date is 27 February 2025.
Other financial highlights include:
Net revenue generated for the Period totalled $47.6 million (HY1 FY2024: $40.8 million), a 17% increase due to higher ounce production during the Period and an increase in the average basket price in USD terms;
Group EBITDA of $9.9 million (HY1 FY2024: $7.3 million), a 36% increase compared to the corresponding prior period;
Net profit of $7.2 million (HY1 FY2024: $3.1 million);
Earnings per share of 2.73 US cents for the six months ended 31 December 2024 (HY1 FY2024 1.17 US cents);
Cash balance at 31 December 2024 of $77.5 million (HY1 FY2024: $107.2 million; FY2024: $97.8 million);
In December 2024, the Company commenced a Share Buyback from the market and as at 31 January 2025, has bought back a total of 1,705,000 Ordinary Shares at an average price of 41.08 pence per share, equating to $0.87 million in aggregate;
