Key points
- FY26 pearl sales increased 9% to 647k pearls
- Record number of oysters seeded for future production
- Positive normalised EBITDA of $5.8 million
- Fully franked final dividend of 0.45 cents per share
Full summary
Atlas Pearls Ltd (ASX: ATP) reported its financial results for the year ended 30 June 2026. The company achieved a 9% increase in pearl sales to 647k pearls, with a stable harvest volume of approximately 620k pearls. A record number of oysters were seeded, supporting future pearl production. Despite a reduction in average selling price and total revenue, the company maintained a positive normalised EBITDA of $5.8 million and reported a net loss after tax of $7.9 million due to non-cash losses. The company ended FY26 with cash of $6.9 million and an undrawn $2.5 million overdraft facility, providing financial flexibility for FY27. The Board declared a fully franked final dividend of 0.45 cents per share, reflecting the company's positive normalised EBITDA and sound balance sheet.