Pan African Resources is considering moving its listing to the London Stock Exchange whilst posting superlative results for the financial year ended 30 June 2025.
It believes that move to the LSE holds “longer term benefits (that) may include an enhanced corporate profile, broader access to a wider pool of UK and global investors.”
The group’s profit for the year increased by 78.4% to a record US$140.6 million (FY24: US$78.8 million). This meant it was able to declare a record final dividend of ZA 37.00000 cents per share (or US 2.08451 cents per share at an indicative exchange rate of US$/ZAR:17.75), an increase of 68% (FY24: ZA 22 cents per share).
Revenue increased by 44.5% to US$540.0 million (FY24: US$373.8 million). Net debt increased to US$150.5 million (FY24: US$106.4 million) but decreased significantly from US$228.5 million at 31 December 2024.