GEM DIAMONDS LTD ORD USD0.01 (DI)
Symbol: GEMD
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Company
Business Summary
Gem Diamonds Limited is a United Kingdom-based global producer of high value diamonds. The Company owns around 70% of the Letseng mine in Lesotho. The Letseng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. In addition, Letseng has produced high quality pink and blue diamonds. Its segments include Lesotho; Belgium; BVI, RSA, UK and Cyprus, and Botswana. Lesotho segment is engaged in diamond mining activities. Belgium segment is engaged in sales, marketing and manufacturing of diamonds. BVI, RSA, UK and Cyprus segment is engaged in technical and administrative services. Botswana segment is engaged in diamond mining activities (on care and maintenance). It owns the Ghaghoo mine in Botswana. Its subsidiaries include Gem Diamond Technical Services (Proprietary) Limited, Letseng Diamonds (Proprietary) Limited, Gem Diamonds Botswana (Proprietary) Limited and Gem Diamonds Investments Limited.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2024, Gem Diamonds Ltd revenues increased 10% to $154.2M. Net income totaled $2.9M vs. loss of $2.1M. Revenues reflect Lesotho segment increase of 61% to $1.4M. Net Income reflects Lesotho segment income increase of 34% to $26.3M, Botswana segment loss decrease of 40% to $796K, BVI, South Africa & UK segment loss decrease of 3% to $8.3M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Revenue | 154.21 | 140.29 | 188.94 | 201.86 | 189.65 | 182.05 |
Gross profit | 26.34 | 15.84 | 42.44 | 54.83 | 56.00 | 35.66 |
Operating Profit/Loss | 17.99 | 10.38 | 34.52 | 46.88 | 42.66 | 29.86 |
Profit Before Tax | 11.46 | 5.68 | 30.43 | 42.92 | 38.25 | 24.05 |
Profit After Tax | 8.09 | 1.59 | 20.16 | 27.35 | 27.54 | 15.03 |
Equity Holders of Parent Company | 2.89 | -2.13 | 10.18 | 14.77 | 13.64 | 2.62 |
Minority Interest | 75.13 | 75.54 | 70.45 | 74.26 | 73.79 | 77.47 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 295.50 | 322.32 | 319.97 | 317.22 | 331.85 | 357.77 |
Total Current Assets | 53.60 | 62.40 | 46.27 | 67.40 | 82.35 | 58.35 |
Total Assets | 349.10 | 384.72 | 366.24 | 384.62 | 414.21 | 416.12 |
Total Liabilities | 126.20 | 166.59 | 133.19 | 137.97 | 166.71 | 171.96 |
Total Net Assets | 222.90 | 218.12 | 233.05 | 246.65 | 247.50 | 244.16 |
Shareholders Funds | 142.58 | 138.87 | 152.62 | 159.81 | 163.07 | 158.73 |
Minority Interests | 75.13 | 75.54 | 70.45 | 74.26 | 73.79 | 77.47 |
Total Equity | 222.90 | 218.12 | 233.05 | 246.65 | 247.50 | 244.16 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy1 |
Buy1 |
Neutral0 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 1 | 1 | 0 | 0 | 0 |
Consensus |
ConsensusStrong Buy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 |
---|---|---|
Revenue | £122.24mn | £111.91mn |
Pre-tax-Profit | -£5.98mn | -£10.21mn |
EPS | -£0.07p | -£0.07p |
EPS Growth | 0.00% | 0.00% |
P/E | -1.12 | -1.05 |
PEG Ratio | 0.00 | 0.00 |
Dividend | 0.00p | 0.00p |
Yield | 0.00% | 0.00% |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
16 Jul 2025 | 08:19 | 6.52 | 59,710 | Sell |
15 Jul 2025 | 16:35 | 7.1 | 11 | Buy |
15 Jul 2025 | 15:04 | 6.76 | 75 | Sell |
15 Jul 2025 | 15:04 | 6.8 | 2,818 | Buy |
15 Jul 2025 | 15:04 | 6.88 | 7 | Buy |
15 Jul 2025 | 10:52 | 6.8 | 50 | Buy |
15 Jul 2025 | 08:07 | 6.52 | 23 | Sell |
15 Jul 2025 | 08:07 | 6.8 | 13 | Buy |
15 Jul 2025 | 08:03 | 6.3384 | 178 | Sell |
14 Jul 2025 | 11:32 | 6.78 | 24,068 | Buy |
14 Jul 2025 | 10:23 | 6.689 | 300 | Buy |
14 Jul 2025 | 08:17 | 6.5 | 1,178 | Sell |
14 Jul 2025 | 08:17 | 6.5 | 20 | Sell |
14 Jul 2025 | 08:11 | 6.5 | 83 | Sell |
11 Jul 2025 | 16:35 | 6.68 | 133,334 | Sell |
11 Jul 2025 | 14:08 | 6.5392 | 30,000 | Sell |
11 Jul 2025 | 13:14 | 6.6 | 3,218 | Sell |
11 Jul 2025 | 13:14 | 6.52 | 7 | Sell |
11 Jul 2025 | 13:14 | 6.5 | 1,169 | Sell |
11 Jul 2025 | 13:14 | 6.52 | 1 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.