Petra Diamonds Limited is providing the following operating and business update for Q3 FY 2025. The quarter marked another period of steady operational delivery across the Group. The Group continued to execute on its short-term priorities, including labour restructuring, general cost control and disciplined capital management.
Both Cullinan and Finsch Mines maintained their solid performances, supported by the ongoing focus on safe, stable operations and a revised cost discipline approach. The Group remains on track to deliver production guidance for FY 2025 of 2.4 – 2.7 Mcts for the SA Operations.
According to the available highlights of Q2 FY 2025 that excludes Williamson as a discontinued operation,
1: Ore processed reduced marginally to 1.7Mt from 1.8Mt with the continued ramp-up of production at Finsch offset by lower output from Cullinan mine. ROM grade performance across both operations is similar to the previous quarter!
2: Revenue amounted to US$42 million (Q2 FY 2024: US$106 million) with Q2 FY 2025 benefiting from the deferral of Tender 1 FY 2025 to Q2 FY 2025.
3: Capital expenditure for Q3 FY 2025 totalled US$15 million, in-line with guidance announced following the smoother capital profile implemented in FY 2024.
4: Consolidated net debt increased to US$258 million as at 31 March 2025 (31 December 2024: US$225 million) due to working capital requirements.
5: Balance of Tender 5 and Tender 6 results expected to be announced in June 2025.
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