**Summary of Andrada Mining Limiteds Final Results for the Year Ended 28 February 2025**
**Overview**
Andrada Mining Limited, an African critical minerals producer with assets in Namibia, released its audited financial results for FY2025, highlighting significant operational, financial, and strategic achievements. The company reported strong growth in production, revenue, and profitability, alongside strategic advancements in partnerships and resource expansion.
**Operational Highlights**
**Production Growth**Ore processed increased by 5.4% to 965,058 tonnes, with contained tin up 4.1% to 921 tonnes. Tin recovery improved to 72%, and plant utilisation rose to 89%.
**Tin Shipments**Shipments increased by 11% to 59.
**Tantalum Concentrate**Production surged sevenfold to 50.6 tonnes.
**Safety**Achieved zero lost-time injuries during the year.
**Financial Performance**
**Revenue**Up 33% to £23.8 million.
**Gross Profit**Increased 72% to £3.0 million.
**Operating Loss**Reduced by 52% to £3.9 million.
**EBITDA**Improved to £0.5 million from a £4.8 million loss in FY2024.
**Tin Price**Average realised tin price rose 21% to US$31,081/t.
**Financing**Secured N$175 million (£7.5 million) multi-facility package from Bank Windhoek and US$2.5 million shareholder funding for a new jig plant.
**Strategic Milestones**
**SQM Partnership**Up to US$40 million staged investment into Lithium Ridge.
**UTMC Restructuring**Consolidated licence ownership and strengthened empowerment credentials.
**Exploration Success**High-grade tin, tungsten, and copper intersections at Brandberg West
lithium oxide resource at Uis increased to >610,000 tonnes.
**Post-Period Achievements**Jig plant construction completed on time and within budget
£4.5 million equity subscription by Talent10
high-grade tin ore supply agreement signed with Goantagab.
**Governance and Sustainability**
**Governance**Strengthened risk management and corporate governance practices, achieving a 54% ICMM alignment score.
**Sustainability**Zero lost-time injuries and progress in water stewardship, tailings management, and community engagement.
**Outlook**
**Jig Plant**Ramp-up to double contained tin output.
**Lithium Ridge**Continued exploration and development with SQM.
**Resource Expansion**Drilling at Brandberg West and Uis.
**Financial Focus**Cost discipline and balance sheet strengthening.
**Directorate Change**
Terence Goodlace stepped down as Non-Executive Director after seven years of service, with no immediate replacement planned.
**Conclusion**
Andrada Mining demonstrated robust operational and financial performance in FY2025, supported by strategic partnerships and resource expansion. The company is well-positioned to capitalize on global demand for critical minerals, with a clear growth strategy and strengthened governance framework.