JUBILEE METALS GROUP PLC - Unaudited Condensed Half-Yearly Financial Report for the six months to 31 December 2022

Unaudited Condensed Half-Yearly Financial Report for the six months to 31 December 2022

 Jubilee Metals Group Plc
 Registration number (4459850)
 Altx share code: JBL
 AIM share code: JLP
 ISIN: GB0031852162
 ("Jubilee" or the "Company” or the “Group”)


Unaudited Condensed Half-Yearly Financial Report for the six months to 31 December 2022

The directors of Jubilee are pleased to release the Company’s unaudited half-yearly results for the six
months to 31 December 2022.

H1 FY2023 highlights

    -   Group Revenue of £63.1 m (2021: £63.3 m)
            - Revenue contribution from combined PGM and chrome sales of £58 m and copper
                sales of £5.1 m
            - PGM basket price US$1 453/oz down 11%, partially offset by PGM operational cost
                management and production output
            - Realised copper price US$ 6 893/t down 28% on H1 FY2022 with strong market
                recovery post period
    -   EBITDA of £10.3 m (H1 FY2022: £13.7 m)
    -   Adjusted EBITDA of £11.8 m (H1 FY2022 : £14.9 m)
    -   Operating expenses of £9.7 m (H1 FY2022: £10.9 m)
    -   Strong net cash flows from operating activities of £16.9 m (H1 FY2022: £2.3 m)
    -   Continued investment of £24.1 m (US$28.4 m) in copper and cobalt expansions
    -   Closing cash position of £11.7 m (30 June 2022: £16 m)
    -   Earnings per share (pence) of 0.15 (H1 FY2022: 0.34)
    -   Headline earnings per share (pence) of 0.13 (H1 FY2022: 0.32)

Full Announcement

This short-form announcement is the responsibility of the Directors of the Company and is a summary of
the information in the full announcement released and does not contain full or complete details. The full
announcement released is available for viewing on the following websites:

Company’s website: https://jubileemetalsgroup.com/investors/rns-news/

JSE website: https://senspdf.jse.co.za/documents/2023/jse/isse/jble/jbl2023.final.pdf


Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement released on SENS, copies of which are available, at no charge, on request from the company
secretary: Carina De Beer, cdebeer@jubileemetalsgroup.com.
JSE Sponsor to Jubilee




Questco Corporate Advisory Proprietary Limited
Sharon Owens
T: +27 (11) 011 9212




United Kingdom
20 March 2023

Date: 20-03-2023 09:00:00
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