Annual Report FY25 and Dividend Announcement
| Stock | Atlas Pearls Ltd (ATP.ASX) |
|---|---|
| Release Time | 29 Aug 2025, 8:05 a.m. |
| Price Sensitive | Yes |
Atlas Pearls Reports Strong FY25 Results, Declares Dividend
- Pearls harvested increased 4% to 621k
- Pearl sales volumes up 24% to 593k
- Revenue grew 6% to $44.3M
- Normalized EBITDA of $18.6M, down 18% from FY24
Atlas Pearls Ltd (ASX: ATP) has reported its financial results for the year ended 30 June 2025, highlighting continued operational and financial performance. The company harvested 621,000 pearls, up from 598,000 in the prior year, reflecting ongoing improvements in production. Pearl sales volumes increased significantly to 593,000, up from 577,000 in FY24, contributing to a 6% revenue uplift to $44.3 million. Financial performance remained strong, with normalized EBITDA of $18.6 million, though down 18% from the previous year's record $22.6 million. The company closed the year with a robust balance sheet, holding $20.2 million in cash and increasing shareholder equity by 28% to $71.0 million. The stability of pearl pricing throughout FY25, following the highs of early FY24 and subsequent normalization, has provided confidence to both producers and customers, supporting sustainable business conditions. Pearl quality remained consistent with prior years, with internal quality index scores within the expected range. The Board has approved a final dividend of 1.4 cents per share (fully franked) to shareholders, reflecting the company's continued financial strength and confidence in the business.