Highlights

  • Goldplat reported Q2 FY26 combined operating profit of GBP 2,696,000, up from GBP 1,169,000 in Q2 FY25.
  • Profit before tax for Q2 FY26, excluding listing and head office costs, rose to GBP 2,314,000 from GBP 834,000.
  • The South African operation delivered GBP 2,198,000 profit before tax, compared with GBP 279,000 a year earlier.
  • An interim dividend of GBX 0.14638 per share was declared, with group cash at GBP 4,700,000 at quarter-end.

Goldplat plc (LSE:GDP) shares were trading at GBX 12.25, down 3.92% during the morning session on 10 February 2026, despite the release of a positive operational update for the second quarter ended 31 December 2025. Over the past year, the stock has gained 61.18%, reflecting longer-term investor interest despite short-term price movement.

Goldplat reported a combined operating profit from its two recovery operations of GBP 2,696,000 for Q2 FY26, compared with GBP 1,169,000 in the corresponding quarter of FY25. For the first half of the financial year, combined operating profit increased to GBP 4,791,000, up from GBP 2,498,000 in H1 FY25. These figures exclude listing and head office costs, finance costs, and foreign exchange gains or losses.

After accounting for finance costs and foreign exchange losses, profit before tax for Q2 FY26, excluding listing and head office costs, stood at GBP 2,314,000, compared with GBP 834,000 in Q2 FY25. The improvement reflected higher gold prices and increased processing volumes during the period.

Regional Operations Reflect Diverging Quarterly Outcomes

The South African recovery operation delivered a profit before tax of GBP 2,198,000 in Q2 FY26, compared with GBP 279,000 in the prior year quarter. The result was supported by stable production, once-off processing batches, and the impact of higher gold prices during the period.

The Ghanaian operation recorded a profit before tax of GBP 116,000 in Q2 FY26, compared with GBP 555,000 in Q2 FY25. The result included a foreign exchange loss of GBP 302,000, as well as one-off losses on certain client batches due to assay method changes at a third-party laboratory. The company confirmed that related procedures have since been updated.

Dividend Declared and Cash Position Maintained

Goldplat declared an interim dividend of GBX 0.14638 per share, payable on 6 March 2026, with a record date of 20 February 2026 and an ex-dividend date of 19 February 2026. The board indicated that it would continue assessing shareholder distributions on a quarterly basis.

Group cash balances stood at GBP 4,700,000 at the end of Q2 FY26. The cash position is intended to support working capital requirements, capital needs across operations, and potential future shareholder distributions.

Tailings Storage Facility Progress and Brazil Operations Update

During the quarter, Goldplat progressed work on its Tailings Storage Facility (TSF) by taking greater control of application processes and initiating steps to update the existing JORC resource. Further recovery analysis and timelines are expected to be provided by the end of March 2026.

In Brazil, close to GBP 156,000 has been spent to date on a planned GBP 200,000 recovery plant project. Equipment arrived in January 2026, with completion expected by the end of February. Sourcing activity across South America remained active, with material processed through Ghana and South Africa.

Frequently Asked Questions (FAQs)

  1. 1. What drove the higher operating profit in Q2 FY26?

The increase reflected higher combined operating profit from the recovery operations, supported by stable production volumes, once-off processing batches, and higher gold prices during the quarter.

  1. Why did the Ghana operation underperform compared with South Africa?

Ghana’s Q2 FY26 result was affected by a GBP 302,000 foreign exchange loss and one-off losses linked to assay method changes at a third-party laboratory.

  1. 3. What is the significance of the dividend declaration?

The interim dividend reflects the group’s cash position and its stated approach of assessing shareholder distributions on a quarterly basis.