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Audited Annual Results for the year ended 31 December 2022, Release of Annual Report
GEMFIELDS GROUP LIMITED
Incorporated in Guernsey. Guernsey registration Number: 47656.
South African external company registration number 2009/012636/10
Share code on JSE:GML / AIM:GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")
Audited Annual Results for the year ended 31 December 2022, Release of Annual Report
LONDON, 31 MARCH 2023
Gemfields Group Limited (“Gemfields”), a world-leading responsible miner and marketer of
coloured gemstones, has released its audited results for the year ended 31 December 2022.
Gemfields’ key financial KPIs are:
2022 USD million Change
Revenue 341 +32%
EBITDA 166 +25%
Free cash flow 99 -16%
Net cash 105 +66%
As announced on 24 March 2023, Gemfields has declared a final gross dividend of USD35
million or USDc 2.886 per share (Dividend announced with 2021 Annual Results: USD20
million). Earnings per share (“EPS”) is USDc 4.8, up 10%. Headline EPS is USDc 4.8, up 2%.
Net asset value is USDc 40.5, up 2%.
Shareholders are informed that Gemfields’ Financial Statements for the year ended 31 December
2022 have now been audited by the Company’s auditors, Ernst & Young LLP (“EY”).
Gemfields’ Condensed Annual Results and 2022 Annual Report, which includes the full audited
financial statements and EY’s auditor’s opinion, are both available at www.gemfieldsgroup.com.
The Condensed Annual Results can also be accessed by following the link below:
https://senspdf.jse.co.za/documents/2023/jse/isse/GMLE/YE22.pdf.
Key audit matters can be found in EY’s auditor’s opinion within the 2022 Annual Report.
The Company’s Condensed Annual Results for the year ended 31 December 2022 is not audited
itself, however, it has been extracted from the audited Annual Financial Statements. The
Financial Statements within the Condensed Annual Results document contains no modifications
to the figures included within Gemfields’ Unaudited Condensed Annual Results, which were
announced through SENS and RNS on 24 March 2023.
This short-form announcement is the responsibility of the Directors and is a summary of the
information in the full documents and does not contain full or complete details. Copies of the
Condensed Annual Results and 2022 Annual Report may also be requested at Gemfields’
registered office at no charge, during office hours. Any investment decision should be based on
Gemfields’ full documents.
Further information on Gemfields Group Limited can be found at:
GEMFIELDSGROUP.COM
To join our investor mailing list, contact us on:
ir@gemfields.com
For any press enquiries please contact us on:
gemfields@camarco.co.uk
This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) no. 596/2014 which forms part of domestic UK law pursuant to the European Union
(withdrawal) act 2018 ("MAR").
ENQUIRIES
GEMFIELDS Sean Gilbertson / David Lovett / Ian Hughes
T: +44(0) 20 7518 3400
SPONSOR (JSE) Investec Bank Limited
NOMINATED ADVISER finnCap
(AIM) & JOINT BROKER
Christopher Raggett / Tim Redfern / Edward Whiley
T: +44(0) 20 7220 0500
JOINT BROKER
Liberum
Scott Mathieson / Kane Collings
T: +44(0) 20 3100 2222
FINANCIAL PR/ IR
Camarco
Gordon Poole / Emily Hall
T: +44(0) 20 3757 4980
ADDITIONAL INFORMATION ON GEMFIELDS
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is
the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the
world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one
of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also
holds controlling interests in various other gemstone mining and prospecting licences in Zambia,
Mozambique, Ethiopia and Madagascar.
Gemfields’ outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage
- enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones, advancing the wider group’s “mine and market” vision.
Gemfields has developed a proprietary grading system and a pioneering auction and trading
platform to provide a consistent supply of coloured gemstones to downstream markets, a key
component of Gemfields’ business model and has played an important role in the growth of the
global coloured gemstone sector.
GEMFIELDS
GEMFIELDS.COM | INVESTORS |FOUNDATION
INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
FABERGÉ
FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE
KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
Date: 31-03-2023 08:00:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
