Correction - Audited Results for the year ended 31 December 2025
Audited full-year numbers cement a record 2025; maiden dividend and a debt-free balance sheet position the company for self-funded growth, but the market had already priced in the news.
The most recent news (May 11, 2026) is a correction to the audited full-year 2025 results originally released on May 1, 2026. The only change is a minor adjustment to the All-In Sustaining Cost (AISC) figure for the three months to December 31, 2025, from an unspecified number to US$1,818/oz. All other metrics — revenue ($155.8M), EBITDA ($77.9M), post-tax profit ($53.9M), EPS (71.18c), cash position ($49.2M at year-end), debt-free status after repaying the Santander loan in January 2026, inaugural dividend (5p/share), and production guidance for 2026 (53,000–57,000 oz) — remain unchanged from the May 1 release.
The corrected release contains no new information beyond a minor AISC restatement for one quarter. The key headlines (record profit, dividend declaration, debt elimination) were fully disclosed on May 1, 2026, which the market already absorbed. The correction does not alter the investment thesis, financial outlook, or operational narrative. Therefore, the news is routine in nature. The positive elements reinforce the robust financial position, but because the data was already public, it does not rise to material.
Serabi Gold plc is a London-listed (AIM) gold producer with two 100%-owned operations in the Tapajós region of Pará State, Brazil: - Palito Complex – a high-grade underground mine and processing plant (capacity ~650 tpd, expanding to ~900 tpd by late 2026) producing from multiple veins (Palito, São Chico, Barrichello, G3). - Coringa Mine – an advanced underground mine ramping up to mechanized sublevel stoping; ore is pre-concentrated on-site via an ore sorter and trucked to the Palito plant.
The flagship growth project is the Coringa expansion, combined with a brownfield drilling campaign designed to lift consolidated mineral resources from ~1.4M oz to at least 1.5M oz. Serabi is entirely self-funded and operates under a three-year GU permit for Coringa (expires January 2027) while pursuing a permanent Installation Licence.