Central Asia Metals proposed a final 2023 dividend of 9 pence per Ordinary Share. This brings total dividends (proposed and declared) for the year to 18 pence (2022: 20 pence) which represents 69% of free cash flow. The final dividend is payable on 22 May 2024 to shareholders registered on 26 April 2024.
Other financial highlights include:
Group gross revenue of $207.4 million (2022: $232.2 million)
Group net revenue of $195.3 million (2022: $220.9 million)
Group earnings before interest, tax, depreciation, and amortisation ('EBITDA') of $96.5 million (2022: $131.6 million) at a margin of 47% (2022: 57%)
Group free cash flow ('FCF') of $57.5 million (2022: $90.2 million)
Capital investment of $27.8 million creating strong platform for long-term operational performance and growth
Cash in the bank of $57.2 million (2022: $60.6million) as at 31 December 2023
CAML remains debt free
