Q2 Operating Update for period ended 31 Dec 2025

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration

10 February 2026

Goldplat plc

('Goldplat' or the 'Company')

2nd Quarter Operating Results update for period ended 31 December 2025,

Dividend Declaration and TSF update

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 announce an operational update for the 2nd quarter ended 31 December 2025 ("Q2"), of the current financial year.

The two recovery operations achieved a strong combined operating profit for the quarter of £2,696,000 (FY Q2 2025 - £1,169,000) and for half year ("H1") was £4,791,000 (FY H1 2025 - £2,498,000) (excluding listing and head office costs, finance cost and foreign exchange gains/losses). The finance cost and foreign exchange losses incurred in Q2 mainly related to trading activities and resulted in a combined profit before tax excluding listing and head office costs for Q2 of £2,314,000 (FY Q2 2025 - £834,000).

The Ghanaian operation achieved a profit before tax for Q2 of £116,000 (FY Q2 2025 - £555,000). This includes a foreign exchange loss of £302,000.

The South African operation achieved a profit before tax for Q2 of £2,198,000 (FY Q2 2025 - £279,000) and was supported by stable production, once-off batches and higher and increasing gold price.

Dividend declaration

An interim dividend of 0.14638 pence per share will be paid to shareholders on 6 March 2026, with the record date being 20 February 2026 and ex-dividend date 19 February 2026. It is the intention of the board to continue assessing and distributing of value to shareholders on a quarterly basis.

The following events have contributed to the Q2 operating results:

Gold Recovery Ghana ("GRG")

· GRG had a productive quarter, with focus remaining on maximizing gold recoveries from material sourced, mainly from clients in Ghana. Ghana results however have been impacted by one-off losses on certain client batches where the initial report gold was higher than the gold contained due to assay method changes at a third party lab. The procedure and processes in this regard have already been updated.

· To optimize the recovery plant, GRG plan to invest a further £700,000 over the next six months to improve our processes to increase recoveries and environmental management.

· 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 annual environmental permit is in process of being renewed, and our gold license is up for renewal on 16 May 2026.

Goldplat Recovery (South Africa)

· As per our team's focus over the last couple of years, we have seen an increase in our share of the by-products market and with that an increase in volumes during Q2. These efforts, combined with solid gold recoveries from our low-grade circuits, supported by the high gold price, resulted in a good operating performance during Q2.

· Although, in the short-term, the focus will be in extracting value from the current high gold price, in the longer term the aim is to find better visibility of supply through diversifying into other precious metals or other types of gold resources. In the interim, visibility of supply of low-grade soils for our milling circuits remains strong, with more than 12 months of material for processing on site and more under contract.

Tailings Storage Facility

Although the Company's TSF has previously been subjected to a resource estimate JORC Resource (January 2016) of 81,959 ounces in 1.43m metric tonnes (Table 1), no feasibility or economic assessment has been completed. The ability to process and determine potential value therefore remains subject to significant technical, regulatory, funding and execution uncertainties.

During the quarter a decision was made to find ways to reduce uncertainty and reduce timelines through taking control of some of the application process. These involve taking ownership of the pipeline application, involving consultants to assist with the pipeline application but also with all the technical requirements around integration into DRD Gold's current infrastructure. We believe information gathered from this should be sufficient to enter into commercial discussions with DRD Gold on utilisation of their servitudes, plant and deposition capacity.

At the same time, we plan to update the current JORC resource, do specific recovery analysis to provide better statistical data on gold contained and recoverable in the TSF through planned processes and will provide timelines by the end of March 2026.

Gold Recovery Brazil

· We have spent close to £156,000 of the planned spend of £200,000 on the new plant to date. Spiral equipment has been ordered and arrived in Brazil in January 2026. The project is expected to be completed by the end of this month.

· Sourcing in South America was strong during the quarter with several new sourcing agreements in place and continues to be the focus of the local team.

· We continue to receive material from our regular sources in South America with material being sent to Ghana and South Africa for processing. During Q2, a decision was made to send more material to South Africa while we reduce stock levels in Ghana through new processing methods.

Cash

Our cash balances in the group remained strong at £4,700,000 at the end of Q2. The cash balances will mainly be used to manage working capital requirements in the group, capital requirements and further shareholder distributions in future.

Werner Klingenberg, CEO of Goldplat commented: "Our operations continue to deliver excellent results, albeit in an uncertain environment with numerous variables, supported by increased volumes and the increasing gold price.

The focus over the next six months will be on strengthening our control of the outcome on the TSF, maintaining and increasing market share, improving recoveries and margins in Ghana, unlocking potential in other precious metals in South Africa and maximising value from the current high gold price.

There is still significant work to be completed but all our efforts will create a more robust business providing a niche solution to the industry it operates in."

For further information visit www.goldplat.com, follow on X @GoldPlatGDP or contact:

Table 1

Mineral Resource Estimate of the TSF, South Africa:

100% attributable to the Company.

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, and it is not aware of any new information or data that materially affects the estimates.

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.