LONDON - Goldplat plc (AIM:GDP), a mining services group with gold recovery operations in South Africa and Ghana, announced Friday a quarterly dividend of 0.1171 pence per share following strong financial results for the first quarter ended September 30, 2025.

The company reported a combined operating profit of £2.09 million from its two recovery operations for the quarter, up from £1.84 million in the same period last year. Including finance costs and foreign exchange gains, profit before tax reached £2.37 million, compared to £1.45 million in Q1 2024.

The Ghana operation achieved a profit before tax of £1.13 million, benefiting from rising gold prices and a £282,000 foreign exchange gain as the Ghanaian Cedi weakened against the U.S. Dollar.

In South Africa, operations delivered a profit before tax of £1.25 million, more than double the £550,000 reported in the previous year's quarter. The improvement stemmed from increased material supply from South America, a one-off transaction with a local supplier, better cost management, and higher gold prices.

The dividend will be paid on December 19, 2025, with the company stating its intention to assess dividend distributions quarterly going forward.

Goldplat maintained strong cash balances of £2.2 million at quarter-end, which will fund working capital requirements, capital expenditure, and the £200,000 dividend payment.

The company continues to develop its Brazil operations, having spent nearly £100,000 of a planned £200,000 on a new plant, with completion expected by December 2025.

CEO Werner Klingenberg noted that while operations remain sensitive to continuous supply of gold-bearing material, the company is confident it will increase market share in South Africa and supply of by-products in the coming financial period.

This article is based on a press release statement from Goldplat plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.