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Ecora Resources Ord Shs T.ECOR

Alternate Symbol(s):  ECRAF | ECREY

Ecora Resources PLC is a United Kingdom-based critical minerals focused royalty company. The Company is focused on supporting the supply of commodities essential to creating a sustainable future. Its royalty portfolio has been constructed to provide exposure to commodities directly required for the decarbonization of energy supply and consumption, as well as commodities which are produced in a relatively more sustainable way. It secures natural resources royalties and streams by creating new royalties directly with operators or by acquiring existing royalties and streams. It has royalties and investments in mining and exploration interests primarily in Australia, North and South America and Europe, with a diversified exposure to commodities represented by cobalt, coking coal, iron ore, copper, vanadium, uranium and gold. The Company has approximately 22 principal royalty and streaming-related assets across five continents.


TSX:ECOR - Post by User

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  • jer13leafsX
Post by jer13leafson Mar 27, 2025 2:35pm
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Post# 36512297

Announces full year results for the year ended 31 December

Announces full year results for the year ended 31 DecemberEcora Resources PLC (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) announces full year results for the year ended 31 December 2024.
https://stockhouse.com/news/press-releases/2025/03/27/ecora-resources-plc-announces-full-year-results


Financial Highlights:
- Portfolio contribution increased 9% to $63.2m (2023: $58.2m1)
- Royalty and metal stream-related revenue of $59.6m (2023: $61.9m)
- Profit before tax of $5.9m (2023: $4.5m)
- The Group recognised an impairment charge of $15.1m on the Voisey's Bay cobalt stream due to continued price weakness together with a deferred tax charge of $9.8m related to tax losses which, based on year-end prices, would not be utilised in full
- Adjusted earnings of $28.9m (2023: $30.5m), and adjusted earnings per share of 11.43c (2023: 11.82)
- Free cash flow of $22.1m (2023: $29.7m)
- Net debt as at 31 December 2024 of $82.3m (31 Dec 23: $74.5m)
- Completed a $10m share buyback primarily funded by recycling capital from LIORC share sales

- Second half dividend of 1.11c per share, bringing the total dividend for the year to 2.81c per share (2023: 8.50c/share), in-line with updated capital allocation framework

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