Canada's Lucara Diamond annual revenue falls 22% due to lower sales volumes, prices

Lucara Diamond

04/03/2026 04:23

Overview

Canada diamond producer's fiscal 2025 revenue fell 22% yr/yr

Operating margins for fiscal 2025 decreased to 52% from 61% in 2024

Company completed production and ventilation shafts for Karowe Underground Project

Outlook

Lucara expects 2026 diamond revenue between $100 mln and $130 mln

Company anticipates 2026 diamond sales of 340,000 to 360,000 carats

Lucara plans up to $110 mln in UGP capital expenditure for 2026

Result Drivers

REVENUE DECLINE - Revenue fell 22% yr/yr due to lower sales volumes and prices

OPERATING MARGINS - Operating margins decreased to 52% from 61% in 2024, reflecting lower revenue and managed expenses

KAROWE PROJECT MILESTONE - Completion of production and ventilation shafts for Karowe Underground Project marks key progress

Company press release: ID:nCNWcWVR8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$34.50 mln
Q4 Operating Expenses
-$25.90 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

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

Wall Street's median 12-month price target for Lucara Diamond Corp is C$0.30, about 5.3% above its March 3 closing price of C$0.29

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 2 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)