REG - Gemfields Group Ltd - GGL Operational Update to 31 December 2025

GemfieldsAnnouncement

30/01/2026 07:00

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RNS Number : 9781Q  Gemfields Group Limited  30 January 2026

Incorporated in Guernsey. Guernsey registration number: 47656

South African external company registration number: 2009/012636/10

Share code on JSE:GML (General Segment of JSE Main Board) / AIM:GEM

    ISIN: GG00BG0KTL52   |   LEI: 21380017GAVXTCYS5R31

("Gemfields" or the "Group" or the "Company")

 

Operational Update to 31 December 2025

LONDON, 30 JANUARY 2026

Gemfields shareholders are advised that the Company has released information
about its operational results and financial position to 31 December 2025.

These unaudited figures have been produced on a monthly basis for Gemfields'
75%-owned Kagem emerald mine and its 75%-owned Montepuez ruby mine.

The full operational results and an excel spreadsheet of Gemfields' historic
figures can be found on the Company's website at
www.gemfieldsgroup.com/operational-update/
(https://www.gemfieldsgroup.com/operational-update/) .

Highlights

 

·    Total auction revenues of USD 128.5 million for the year.

·    Net debt position of USD 39.2 million (before auction receivables of
USD 20.5 million) at 31 December 2025, as Gemfields finalised the funding of
Montepuez Ruby Mining's ("MRM") second processing plant.

·    The second processing plant ("PP2") at MRM is now in its final
commissioning stage, with the project being delivered materially on budget.
Commissioning is anticipated to be completed imminently. The Group looks
forward to introducing the first rubies produced by PP2 to the market at the
February 2026 Mixed‑Quality ruby auction.

·    Since focussed mining resumed at Kagem in May 2025, premium emerald
recoveries have met expectations. Notably, the yield included Imboo, a
11,685-carat emerald displaying an intense, verdant colour. Kagem continued to
run an additional night shift at the upgraded processing plant throughout
2025, which enabled processing of historic stockpiles, and has supported a
positive outturn in emerald production.

Commentary on the operational performance and financial results will be
available in Gemfields' full year results and Annual Report, due to be
published on 26 March 2026.

Shareholders are advised that all figures in this operational update are
unaudited, in respect of which the directors assume full responsibility.

 

-ENDS-

Further information on Gemfields Group Limited can be found at:

 GEMFIELDSGROUP.COM (http://WWW.GEMFIELDSGROUP.COM)

 

To join our investor mailing list, please contact us on:
ir@gemfields.com (mailto:ir@gemfields.com)

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) no. 596/2014 which forms part of domestic UK
law pursuant to the European Union (withdrawal) act 2018 ("MAR").

 

ENQUIRIES

 

 GEMFIELDS                                       Sean Gilbertson / David Lovett / Heinrich Richter

                                                 ir@gemfields.com (mailto:ir@gemfields.com)

T:  +44(0) 20 7518 3400
 SPONSOR (JSE)                                   Investec Bank Limited
 NOMINATED ADVISER                               Panmure Liberum

(AIM) & BROKER
Scott Mathieson / Amrit Mahbubani / John More
                                                 T: +44(0) 20 3100 2222
 PRESS ENQUIRIES, GEMFIELDS HEAD OFFICE, LONDON  press@gemfields.com (mailto:press@gemfields.com)

T:  +44(0) 20 7518 3400

 

NOTES TO EDITORS

 

About Gemfields Group Limited

Gemfields is a world-leading miner of coloured gemstones, which is dual-listed
on the Johannesburg and London AIM stock exchanges.

Gemfields is the operator and 75% owner of both Kagem Mining in Zambia (a
world-leading emerald mine) and Montepuez Ruby Mining in Mozambique (situated
on one of the most significant recently discovered ruby deposits in the
world). In addition, Gemfields holds controlling interests in various other
gemstone mining and prospecting licenses in Zambia, Mozambique, Ethiopia and
Madagascar.

Gemfields introduced a proprietary grading system and pioneering auction
platform, which have transformed the coloured gemstone industry. Today, the
company implements and invests in industry-leading policies, practices and
infrastructure across its operations; aligns with relevant industry standards
to underpin its responsible approach; plays an active role in working groups
to modernise the sector; and raises the profile of African gems through its
global marketing efforts.

Gemfields funds projects to improve health, education and livelihoods for
communities around its mines, supports local conservation partners and created
the Gemfields Foundation, its charitable arm, which magnifies the scale of the
work already carried out by Gemfields itself.

Gemfields values transparency, legitimacy and integrity, and believes that
coloured gemstones should create a positive impact for the countries and
communities from which they originate.

 

GEMFIELDS.COM (https://gemfields.com/) (https://gemfields.com/) | INVESTORS
(https://www.gemfieldsgroup.com/) (https://www.gemfieldsgroup.com/) |
FOUNDATION (https://www.gemfieldsfoundation.org/) | INSTAGRAM
(https://www.instagram.com/gemfields/) (https://www.instagram.com/gemfields/)
| FACEBOOK (https://www.facebook.com/Gemfields/)
(https://www.facebook.com/Gemfields/) | X
(https://twitter.com/GemfieldsLtd?lang=en) | YOUTUBE
(https://www.youtube.com/channel/UCArCE0JFtakTP-tHq6v0KVg)

KAGEM MINING LINKEDIN (https://www.linkedin.com/company/kagem-mining-ltd) |
FACEBOOK (https://www.facebook.com/KagemMiningLtd/)

MONTEPUEZ RUBY MINING LINKEDIN
(https://www.linkedin.com/company/montepuez-ruby-mining) | FACEBOOK
(https://web.facebook.com/MontepuezRM?mibextid=wwXIfr&_rdc=1&_rdr)

 

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