I am very pleased to report to shareholders that for the year ended 31 December 2022, your company made a profit before interest, tax, depreciation and amortisation (EBITDA) of £40.0million (2021: £5.8million) and an operating profit before depreciation, fair value adjustments and exchange movements (Adjusted EBITDA) of £39.4million (2021: £5.0million). These strong earnings for the Group can be attributed to a strong performance from Sisonke Coal Processing, the Group’s South African coal processing operation which benefited from significantly improved prices in all its markets.
Andrew Heller
Executive Chairman & Managing Director