London-listed technology metals mining company Andrada Mining CFO Hiten Ooka has said the company's focus for the 2026 financial year is on delivering its expansion projects, maintaining tight control over expenditure and improving supply chain efficiency, which are all aimed at strengthening cash flow.

In an August 29 report to shareholders on the group's performance for the financial year ended February 28, 2025, he noted that the company had, since February, continued to focus on improving output and increasing cash generation in the near term in a cost-effective manner, to take advantage of the strong tin price.

"In addition, the company is determinedly assessing and ready to implement debt reduction measures to strengthen the balance sheet. Combined, these efforts will support the group's transition from a lossmaking position towards sustainable profitability," he said.

Andrada chairperson Glen Parsons described the 2025 financial year as one of "delivery and strategic progress".

"We advanced Andrada's growth trajectory through the transformational partnership with [Chilean miner] SQM, the consolidation of our licence base and continued operational improvements at Uis.

"We also strengthened our governance framework and sustainability credentials, achieving a zero lost-time injury rate and improving our ICMM alignment score to 54%. With supportive financing, high-quality partnerships and a clear growth strategy, Andrada is well positioned to create long-term value for all stakeholders," he commented.

Andrada CEO Anthony Viljoen, meanwhile, said the company was proud to have delivered record revenues, higher tin recoveries and a sevenfold increase in tantalum output, while advancing Lithium Ridge with SQM and expanding the company's resource base.

"We enter financial year 2026 with momentum, a clear plan and the right partnerships to transform Andrada into a leading African supplier of critical minerals for the energy transition."

He noted that the company would complete commissioning of the jig plant at its Uis tin mine, in Namibia, and start production, while maintaining disciplined cost management and reliability across the primary processing plant.

2025 REVIEW
For the financial year ended February 28, contained tin output at the Uis mine increased to 921 t, compared with the 885 t produced in the 2024 financial year.

Tin recovery had improved to 72%, from 69% in the prior financial year, while plant utilisation increased to 89%, from 84% in the 2024 financial year.

Andrada's revenue increased by 33% year-on-year to £23.8-million, while its operating loss decreased by 52% year-on-year to £3.9-million.

Earnings before interest, taxes, depreciation and amortisation were £500 000, compared with a loss of £4.8-million in the 2024 financial year.