Q1 Operating Results and Dividend

Dividend Declaration

Goldplat Plc, (AIM:GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, is pleased to declare a dividend and announce an operational update for the 1st quarter ("Q1") ended 30 September 2025.

The two recovery operations achieved a combined operating profit for the quarter of £2,086,000 (excluding listing and head office costs, finance cost and foreign exchange gains) (FY Q1 2025 - £1,838,000). The finance cost and foreign exchange gains incurred in Q1 mainly related to trading activities and resulted in a combined profit before tax excluding listing and head office costs for Q1 of £2,372,000 (FY Q1 2025 - £1,451,000).

The Ghanaian operation which benefitted from an increasing gold price, achieved a profit before tax for Q1 of £1,125,000 (FY Q1 2025 - £901,000). This includes a foreign exchange gain of £282,000 as the Ghanaian Cedi weakened against the US Dollar.

The South African operation achieved a profit before tax for Q1 of £1,247,000 (FY Q1 2025 - £550,000) mainly due to an increase in material supply from South America and a one-off transaction with a local supplier, improved cost management and increasing gold price.

Dividend declaration

An interim dividend of 0.1171 pence per share will be paid to shareholders on 19 December 2025, with the record date being 5 December 2025 and ex-dividend date 4 December 2025. It is the intention of the board to assess the distribution of dividends on a quarterly basis going forward.

The following events have contributed to the Q1 operating results:

Gold Recovery Ghana ("GRG")

• As a result of the business model changes announced previously, GRG is currently the only local gold by-product beneficiation provider in Ghana. We invested £1,250,000 in the prior financial year to increase capacity in the short-term, including plant capacity and to increase the recovery of gold from concentrate on site.
• The local Ghana beneficiation requirement has impacted all aspects of our business and we continue to review, update and change our process and procedures to manage risks and maximize margins.
• Our objective is to improve and enhance our current solution so that we are able to provide a niche solution to customers outside Ghana at their mine site in future, who due to current country regulations may not be able to export material to our premises in Ghana.

Goldplat Recovery (Pty) Ltd

• Production during Q1 improved with the addition of material from South America and a one-off project with a local supplier. We continue to drive improvement initiatives to improve recoveries. Strict cost control measures have been implemented to conserve cash in the short term.
• Our focus remains on increasing our by-product market share in South Africa as we expect reductions in by-products received from current mining operations due to changes in their production profile.

Retreatment of the Tailings Storage Facility

· Engagements with several parties for the TSF project continued during Q1. The processing of the old TSF remains dependent on the approval of the water use license by local authorities and approval from third parties in certain areas for the installation of a pipeline to the DRDGOLD processing facility. We also still need to agree commercial terms with DRDGOLD which will be based on test work and analysis which is ongoing. Once approval is received for installation of the pipeline, recovering any of the value within the TSF remains dependent on getting the pipeline installed to DRDGOLD Ergo facility. Capital will be required for the pipeline and upgrading part of the DRDGOLD facility.

• The application and approval of the water use license for the pipeline remains outside of our control, which has and will continue to have an impact on timelines which, as we have found in the past, are very difficult to estimate with any accuracy. We have therefore refrained from providing further estimated timelines. However, the processing of the TSF remains a key focus and priority.
• DRDGOLD continues to assist Goldplat with determining the best potential processing solution and have made adjustments in certain applications to speed up the process.

Gold Recovery Brazil

• We have spent close to £100,000 of the planned spend of £200,000 on the new plant to date. Spiral equipment has been ordered and is expected to arrive in Brazil in November 2025. The project is expected to be completed by December 2025.
• Sourcing in South America was strong during the quarter and continues to be the focus of the local team.

Group Cash Balances

Our cash balances in the group remained strong at £2,200,000 at the end of Q1.

The cash balances will be used to manage working capital requirements, capital expenditure and to pay the dividend which amounts to £200,000.

Werner Klingenberg, CEO of Goldplat commented: "The group had a strong operating quarter supported by the high gold price and good supply from South America and once off supply in South Africa. As stated previously, our operations remain sensitive to continuous supply of gold bearing material, which has been impacted by the decree on export of gold-bearing by-products in some West African countries and changes in primary gold operations in South Africa.

In South Africa, we are seeing positive results on Gold and PGM sourcing activities and continue streamlining the operations to respond to lower visibility of supply of material. Notwithstanding the lower visibility of supply, we are confident that we will increase our market share in South Africa as well as the supply of by-products in the next financial period

In Ghana, the team continued its implementation and management of several new processes and procedures to focus the business on local beneficiation and manage engagement with mining clients and authorities regarding the changes and requirements.

I am pleased to announce the declaration of another dividend and the aim to establish a steady and regular return to shareholders. Reflecting the uneven nature of the group's revenues, we plan to calculate and, subject to the Group's cash requirements, return value to shareholders either through dividend or share buy-backs on a quarterly basis going forward.

The Board remains confident in the fundamentals of the business and continues to progress strategic initiatives to improve long-term performance and enhance shareholder value through establishing sustainability in Ghana after the changes in the business model, progressing the approval of the TSF pipeline, increasing market share in South Africa and expanding in Brazil. This should provide stability in working capital requirements and ultimately the continued return of cash to shareholders."

The Tailings Mineral Resource Estimate was announced in accordance with the JORC Code (2012) in a press release on 29 January 2016. Mark Austin of Applied Geology & Mining (Pty) Ltd was the Competent Person responsible for that announcement. The Company confirms that all material assumptions and technical parameters underpinning the Resource Estimate continue to apply and have not materially changed.