The Central Asia Metals plc Board proposes a final 2022 dividend of 10 pence per Ordinary Share. This brings total dividends (proposed and declared) for the year to 20 pence (2021: 20 pence) which represents 47% of free cash flow. The final dividend is payable on 23 May 2023 to shareholders registered on 28 April 2023. This latest dividend will increase the amount returned to shareholders in dividends since the 2010 IPO listing to $299.0 million.
Other financial highlights include:
Group gross revenue of $232.2 million (2021: $235.2 million)
o Group net revenue of $220.9 million (2021: $223.4 million)
Group EBITDA of $131.6 million (2021: $141.5 million)
EBITDA margin1 of 57% (2021: 60%)
Group FCF1 of $89.7 million (2021: $103.8 million)
Adjusted EPS (excluding a non-cash impairment) of 48.15 cents, reported EPS of 19.10 cents (2021: 47.69 cents)
Strong balance sheet
Cash in the bank as at 31 December 2022 of $60.6 million2 (2021: $59.2million)
Fully repaid $187.0 million corporate debt facility
Non-cash impairment charge for Sasa of $55.1 million
