**Summary**
Caledonia Mining Corporation Plc reported unaudited quarterly and full-year results for 2025, highlighting a record financial performance driven by higher gold prices and strong operational execution. Key achievements include
**Gold Production and Sales** Blanket Mine produced 76,213 ounces of gold, with total consolidated sales of 79,075 ounces, up from 77,917 ounces in 2024.
**Revenue Growth** Revenue surged 46% to $267.7 million, primarily due to higher gold prices and robust sales volumes.
**Profitability** Profit after tax increased by 193% to $67.5 million, and EBITDA rose to $125.3 million.
**Cash Generation** Net cash from operating activities grew 82% to $76.2 million, with free cash flow reaching $62.1 million.
**Cost Management** Consolidated on-mine cash cost averaged $1,263/oz, and all-in sustaining cost (AISC) averaged $1,952/oz.
**Bilboes Gold Project** The sulphide feasibility study confirmed robust economics, with a clear pathway to development.
**Balance Sheet Strength** Cash and cash equivalents increased to $35.7 million, resulting in a net cash position of $23.8 million.
**Dividend** A quarterly dividend of 14 cents per share was approved, payable on April 17, 2026.
**Growth Initiatives** Continued exploration at Blanket and Motapa, with plans to advance Bilboes and establish a multi-mine production hub in Zimbabwe.
Caledonia’s strong performance positions it for continued growth, with a focus on execution, safety, and sustainable value creation.