• Revenue from contracts with customers up 29% to $19.1M
• Normalised EBITDA up 21% to $7.1M
• Cash and cash equivalents up 10% to $19.4M
• Interim and special dividend declared: 1.00 cents/share (unfranked)

Atlas Pearls Ltd (ASX: ATP) has reported its financial results for the half-year ended 31 December 2024, delivering a solid performance. The company achieved a net profit after tax of $12.7M, which includes an agricultural standard revaluation of $7.0M. Revenue from contracts with customers was up 29% to $19.1M, while normalised EBITDA increased by 21% to $7.1M. Cash and cash equivalents also grew by 10% to $19.4M. The company has continued to redefine its sales channels, with growth in private sales, value-add/wholesale sales, and the retail channel. The average selling price for the half-year was $65/pearl, reflecting a decline from the previous period, but the stability in pricing received in the last four Kobe auctions suggests the market has now stabilised. The company has declared an unfranked interim dividend of 0.61 cents per share and an unfranked special dividend of 0.39 cents per share, reflecting its continued financial strength and confidence in the business.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company has not provided any forward-looking outlook in the announcement.