• Revenue down 58% due to lower carats recovered and pricing
• Net loss of $86.8m, down 16% from prior year
• Secured $83.4m in loan financing to address liquidity challenges

Burgundy Diamond Mines Ltd reported a 58% decline in revenue to $186.2 million for the year ended 31 December 2025, primarily due to lower carats recovered and lower pricing realized during the year as the Point Lake mining operations were temporarily suspended in July 2025 due to challenging conditions in the diamond market, including the imposition of significant tariffs between the USA and India. The net loss for the year was $86.8 million, a 16% improvement from the prior year's net loss of $103.2 million. The net loss in 2025 was primarily due to the lower sales and production, while the prior year's loss was primarily attributed to the impairment of the Ekati Diamond Mine property, plant and equipment. During the year, the Group generated $42.6 million in cash from operating activities, which was used to fund $79.6 million in investing activities, primarily for the purchase of property, plant and equipment. The Group also secured $38.1 million in financing activities, including $37.7 million in loan financing from Canada's Large Enterprise Tariff Loan Facility. However, the Group's current cash flow forecast indicates that it is not expected to generate sufficient cash flows from operations to meet its obligations as they fall due over the next 12 months, indicating the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. The Group is currently exploring various options to improve liquidity and address the forecast cash shortfall, including seeking additional financing and reducing capital and exploration expenditures.

The Group's current cash flow forecast indicates that it is not expected to generate sufficient cash flows from operations to meet its obligations as they fall due over the next 12 months.

The Group is currently exploring various options to improve liquidity and address the forecast cash shortfall, including seeking additional financing and reducing capital and exploration expenditures.