Ecora Resources Plc have announced total dividend for the year to 2.81c per share.
Financial Highlights:
Portfolio contribution increased 9% to $63.2m (2023: $58.2m)
Royalty and metal stream-related revenue of $59.6m (2023: $61.9m)
Profit before tax of $5.9m (2023: $4.5m)
The Group recognised an impairment charge of $15.1m on the Voisey's Bay cobalt stream due to continued price weakness together with a deferred tax charge of $9.8m related to tax losses which, based on year-end prices, would not be utilised in full
Adjusted earnings of $28.9m (2023: $30.5m), and adjusted earnings per share of 11.43c (2023: 11.82)
Free cash flow of $22.1m (2023: $29.7m)
Net debt as at 31 December 2024 of $82.3m (31 Dec 23: $74.5m)
Completed a $10m share buyback primarily funded by recycling capital from LIORC share sales
Second half dividend of 1.11c per share, bringing the total dividend for the year to 2.81c per share (2023: 8.50c/share), in-line with updated capital allocation framework.
