India, May 22 -- Metals Exploration plc (MTL.L), a gold production company, reported Friday higher fiscal 2025 profit, mainly attributable to higher gold price despite a 22.2 percent decrease in gold production.
Looking ahead, the company revised fiscal 2026 gold production outlook for the Runruno mine to 40,000 - 48,000 ounces.
In 2025, the profit before tax rose to $45.12 million from $34.64 million in 2024.
Profit attributable to equity holders of the parent went up to $28.89 million from $25.59 million in the previous year. Earnings per share, meanwhile, dropped to 0.97 cents per share from 1.28 cents per share in 2024 on higher share count.
EBITDA for 2025 was $105.22 million, compared to $89.65 million in 2024. Adjusted EBITDA cli...