Guernsey's Gemfields FY revenue falls 32% on suspension of mining at Kagem mine

Gemfields

26/03/2026 07:10

Overview

Guernsey coloured gemstone miner's 2025 revenue fell sharply due to disrupted emerald and ruby markets

Adjusted headline loss per share narrowed yr/yr as cost-control measures reduced operating expenses

Company completed sale of Fabergé Limited for $50 mln, materially strengthening balance sheet

Outlook

Company expects H1 2026 to remain challenging as new processing plant issues are resolved

Gemfields aims to stabilize operations and complete commissioning of the second MRM processing plant in 2026

Company says Middle East geopolitical developments have increased costs and could further impact market conditions

Result Drivers

RUBY PRODUCTION ISSUES - Persistently low premium ruby recovery and illegal mining encroachment at Montepuez Ruby Mining weighed on results

EMERALD MINING DISRUPTION - Suspension of mining at Kagem emerald mine from January to May reduced premium emerald output in H1

COST CONTROL - Group operating costs fell as cost-control measures initiated in 2024 continued throughout 2025

Company press release: ID:nRSZ1598Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$135.11 mln
FY EPS
-$2.60
FY Net Income
-$50.86 mln
FY EBIT
-$66.45 mln
FY EBITDA
$6.25 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy."

Wall Street's median 12-month price target for Gemfields Group Ltd is GBp13.00, about 170.8% above its March 25 closing price of GBp4.80

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 4 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)