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Atlas Pearls Ltd (ASX:ATP)

ALERT: Price-sensitive ASX Announcement for ATP
Current share price for ATP : $0.081 -0.009 (-10%)+
Announcement
Release
26 Aug 2026 9:46AM
Price at Release
$0.090
Full Release
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Summary
Atlas Pearls Ltd reported a challenging financial year ending 30 June 2026, with revenue decreasing to $25.8 million from $44.3 million the previous year, primarily due to a lower average selling price of pearls despite a 9% increase in sales volume. The company's EBITDA remained positive at $5.8 million, though down from $18.6 million in FY25. The company ended the year with a net loss after tax of $7.9 million, contrasting with a net profit of $21.6 million in FY25. Atlas Pearls declared a fully franked final dividend of 0.45 cents per share, reflecting their positive normalized EBITDA and financial stability. As the company enters FY27, it holds a cash reserve of $6.9 million and an undrawn overdraft facility of $2.5 million, positioning itself for future operational resilience and strategic growth opportunities.
Key Points
  • Pearl sales volumes increased by 9% to 647,000 pearls.
  • Revenue for FY26 was $25.8 million, down from $44.3 million in FY25.
  • Net loss after tax of $7.9 million in FY26 compared to a net profit of $21.6 million in FY25.
  • Positive normalized EBITDA of $5.8 million.
  • Declared a fully franked final dividend of 0.45 cents per share.
  • Cash reserve of $6.9 million and access to a $2.5 million overdraft facility.
  • Operational resilience and investment in future capacity highlighted.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.