Mountain Province Diamonds announces Full Year and 4th quarter 2025 results

Mountain Province Diamonds Inc. announces its financial and operating results for the fourth quarter and the full year ended December 31, 2025.

FY 2025 Highlights:

4% improvement in key site safety KPI (TRIFR) in 2025 vs 2024. (Lowest since 2019)

Adjusted EBITDA1 of $4.8 million, down 95% relative to 2024 (2024: $90.7 million).

Total sales revenue at $155.7 million (US$111.5 million) compared to $267.7 million in 2024 (US$195.2 million, at an average realized value of $83 per carat (US$59) 2024: $98 per carat (US$72).

16% increase in total tonnes mined in 2025 relative to 2024.

Net loss of $279.5 million or $1.32 loss per share (2024: net loss $80.8 million or $0.38 loss per share. Included in the determination of net loss is an impairment loss on property, plant and equipment of $103 million, a derivative gain of $2.1 million and foreign exchange gain of $13.2 million (2024: derivative loss of $16.8 million and foreign exchange loss of $27.5 million, arising on the translation of the Company’s USD-denominated long-term debt). The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.