**Petra Diamonds Limited Publishes 2025 Annual Report and Sustainability Information**
Petra Diamonds Limited (LSEPDL) released its audited Full Year 2025 results, 2025 Annual Report, Sustainability Supplementary Information, Payments to Governments Report, and Modern Slavery Act Transparency Statement on October 17, 2025. The reports highlight the company’s performance in a challenging industry environment, with a focus on operational resilience, cost optimization, and progress toward refinancing to secure its future.
**Key Highlights**
**Financial Performance** FY 2025 revenue declined to US$207 million (from US$310 million in FY 2024) due to lower sales volumes, weaker market prices, and an unfavorable product mix. Adjusted EBITDA fell to US$27 million (from US$70 million), and adjusted profit dropped 58% to US$33 million.
**Cost Management** Total on-mine cash costs decreased by 8% due to cost-optimization efforts, contributing to lower adjusted mining and processing costs (US$175 million vs. US$234 million in FY 2024).
**Refinancing Progress** The company is on track to complete its refinancing plan before the end of 2025, including a US$25 million Rights Issue and bond amendments, which will significantly improve its balance sheet.
**Operational Updates** Post-period, Cullinan Mine transitioned to a 3-shift operation, with improving product mix, while Finsch maintained steady production. Two tenders held post-period achieved prices ahead of guidance for Cullinan goods and within range for Finsch.
**Sustainability and Governance** The company published its Sustainability Supplementary Information and Modern Slavery Act Transparency Statement, reinforcing its commitment to ethical operations and stakeholder value creation.
**Outlook**
Petra Diamonds remains focused on executing its updated business plan, extending mine life, and completing refinancing. Capital expenditure is expected to increase in FY 2026 to support essential projects. No dividends are proposed for FY 2025, with a review scheduled for FY 2026.
The company will publish its Q1 FY 2026 Operating Update on October 29, 2025, and host an Investor Update call. Further details are available on Petra’s website (www.petradiamonds.com).