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Ecora Resources PLC on Wednesday said 2025 is ‘proving to be a significant year’ as it reported a decline in interim revenue tied to timing differences at its Kestrel mining area. The critical minerals-focused royalty company has assets in North America, South America, Africa, Europe and Australia. Ecora said it swung to a pretax loss of $10.9 million in the six months that ended June 30, from $17.9 million a year earlier. Driving this was a 68% decline in royalty and metal stream related revenue to $15.8 million from $49.5 million, with total portfolio contributions in the first half falling to $17.9 million from $51.3 million. Ecora attributed the decline to timing differences at its mining area at Kestrel, with this weighted to the second-half this year, compared to the first-half last year. It reported an 81% increase in its base metals portfolio contribution during the first half of 2025 to $8.7 million from $4.8 million. The company declared an interim dividend of 0.60 cents, down 65% from from 1.70 cents a year prior. The latest dividend represents 25% of ‘average free cash flow generated in the immediate two preceding six-month periods’, in line with its capital allocation policy. Shares in the Ecora rose for the third day in succession, up 4.3% at 78.20 pence on Wednesday morning in London. Ecora shares got a lift on Tuesday after it said it has agreed to sell a wholly-owned subsidiary which holds a 2% net smelter return royalty over the development stage Dugbe gold project in Liberia. The consideration is made up of a $16.5 million upfront cash payment, with a further $700,000 upon the start of project construction and $2.8 million upon commencement of commercial production. Chief Executive Marc Lafleche commented: ‘The continued growth from our critical minerals portfolio is the highlight of these results, with our base metals portfolio delivering an 81% increase in contributions compared to the same period last year. ‘2025 is proving to be a significant year for Ecora as we continue to pivot towards a revenue profile underpinned by a growing critical minerals portfolio, with copper at its core.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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