Ecora announces a final dividend of 1.4c per share, bringing the total dividend for the year to 2.0c per share (2024: 2.81c per share).
The proposed final dividend of 1.40 cents per share equates to a payout ratio for the second half of the year of ~25%. When combined with the interim dividend of 0.60 cents per share paid on 30 January 2026, the total dividend for the year ended 31 December 2025 is 2.00 cents per share. Subject to approval by shareholders at the 2026 AGM, the final dividend will be paid on 31 July 2026 to all shareholders on the Register of Members on 3 July 2026.
Other financial highlights:
- Net assets increased by $31.1m during the year to $465.7m at 31 December 2025 (31 December 2024: $434.6m).
- The increase was primarily driven by the $23.9m reversal of the 2024 non-cash impairment of the Voisey's Bay cobalt stream and associated deferred tax asset, together with the Group's adjusted earnings of $22.1m for the year.
- Net assets also benefited from a $14.1m unrealised foreign exchange gain from the strengthening of the Australian dollar against the US dollar, and a $9.5m increase in the fair value of the company's royalty financial instruments (net of tax) driven mainly by the revaluation of the Dugbe royalty prior to its disposal in September 2025.
- These increases were partially offset by a $19.0m decrease in the value of the Kestrel royalty (net of tax), reflecting its now shorter remaining life, $13.7m of amortisation and depletion of the Group's producing royalties and streams, and dividends of $6.9m paid during the year.
