Goldplat PLC (GDP) Earnings Call Transcript & Summary

Hello, and welcome to FlagstaffTV. Today, we are joined by Werner Klingenberg, CEO of Goldplat. Werner, thank you so much for joining us today.

Good morning, Catherine. It's good to talk to you and the listeners.

Werner, please, can you start by giving us an update on your latest results?

Yes, Catherine. We've just released our quarter 4 results for 2025. We had a good fourth quarter, achieving operating profitability of close to GBP 1.11 million for our 2 operating entities, that's excluding our head office and administrative costs. We've also achieved a combined profit before tax of GBP 770,000, and that was significantly impacted by the strengthening of the Ghanaian cedi against the dollar, resulting in us losing roughly $900,000 to $1 million on foreign exchange during this last quarter, and that also impacted our full year results.

During Q4, you had the first normalized operational period under the new GRC business model. What has this involved?

Well, I mean, theoretically, it has already been for the last 12 months, but we start -- starting to see stability in that model coming through. We started off the year with a lot of stock in Ghana that we needed to process, to export as bullion based on requirements from the authorities. And what we're starting to see is that we've got consistent production coming through. And we've also built up a very good relationships now with the new strategies that's been appointed. The gold bought in Ghana, now manages all export of gold, and we've agreed with them to deliver 20% of our gold production locally. So I think what we're seeing is a more consistent, visible outcome in Ghana. If we compare it year-on-year, which we haven't done in the announcement. We'll see last year in Ghana was an exceptional period where we've received a lot of material that was exported in the fourth quarter. And our other business model, what we'll see is more consistent production quarter-to-quarter going forward.

Thank you, Werner. And our shareholders will be pleased with your declaration of a dividend. Can you tell us a little bit more about how this has come about?

Yes. I think, I mean, the bot part is, Catherine, it's showing the confidence that the team and the management team has in Goldplat and where we were. And we've spoken about Ghana. I mean part of what we've gone through the last 12 months and that requires some additional capital. And it also came with some uncertainties initially in terms of how and when we'll get all the value out of the material that was in stock. And as we are gaining more comfort and visibility, we're obviously in a position to pay dividends again. And I think the view from the Board is that as the stability grows, as the visibility grows, we would like to consider on a quarterly basis how and when we return value to shareholders. So I think it's quite a significant step. And we haven't paid dividends, I guess, for more than 10 years, although we did some share buybacks a couple of years ago. So I think it's more -- for me, the value is maybe not a lot, but it's more the signaling of confidence in the business and how we see stock going for.

Now finally, Werner, do you have any other updates that you would like to share with us?

I think, Catherine, I mean, apart from what I've already indicated to you, obviously, the board is still committed to ensure we grow the market share in South Africa and where we've seen a bit of a decline as we've indicated in the latest announcement. And South Africa has been supported by a material coming out of South America. But long term, we would like to have South America looking after itself and over the production plant that we're putting up there, meaning that we are going to need to build stability in South Africa. The only way of doing that is increasing market share. And currently, there is very good progress in terms of that, which we're quite confident about. And I think apart from that, obviously, we're looking forward to sharing the financial data in full when our annual report comes out, that will be towards the end of November.

Werner, thank you very much for your time today.

6 Thank you, Catherine. It's always a pleasure.

And thank you for watching FlagstaffTV.