Andrada Mining’s Uis operation in Namibia’s Erongo Region recorded a 33% increase in revenue to £23,805,463 (N$558,430,380) for the 2025 financial year, up from £17,967,889 (N$422,265,400) in FY2024.
Government royalties rose by 35% to £652,270 (N$15,325,300) (FY2024: £484,976 / N$11,397,900), while government taxes totalled £1,805,060 (N$42,418,900), reflecting the company’s increased operating scale (FY2024: £468,055 / N$10,998,300). Wages and salaries at the Uis Mine amounted to £4,307,814 (N$101,232,600), supporting economic livelihoods and community development (FY2024: £2,941,469 / N$69,125,500).
Local expenditure reached £25,275,506 (N$594,972,400), representing 87% of total procurement (FY2024: £17,620,598 / N$414,075,000; FY2023: £9,140,578 / N$214,801,600).
This brought the total local economic contribution — including wages, taxes and procurement — to £31,388,380 (N$738,619,900) (FY2024: £21,030,122 / N$494,207,900).
Through the World Bank (2019) multiplier effects, the company generated £13,382,307 (N$314,493,200) in indirect economic benefits during FY2025, compared to £10,515,061 (N$247,103,900) in FY2024.
Community development spending rose to £49,084 (N$1,154,500), focusing on education and water access (FY2024: £18,320 / N$430,500; FY2023: £5,919 / N$139,100).
The company recorded zero community grievances following the implementation of a formal grievance system aligned with IFC Performance Standards (FY2024: 8; FY2023: 1).
The Lost Time Injury Frequency Rate (LTIFR) improved to 0.00 per million hours worked (FY2024: 3.02; FY2023: 3.04), while the Total Recordable Injury Frequency Rate (TRIFR) was reduced by 25% to 5.07 (FY2024: 6.79; FY2023: 8.09).
The Fatal Injury Frequency Rate (FIFR) remained at zero, consistent with FY2023 and FY2024.
In FY2025, Andrada Mining delivered 461 hours of health and safety training.
The company’s direct workforce totalled 277 employees (FY2024: 240; FY2023: 211) and 278 contractors (FY2024: 231; FY2023: 187).
Host country employees made up 98% of the workforce (FY2024: 99%; FY2023: 99%), with gender diversity recorded at 80% men and 20% women (FY2024: 79% / 21%; FY2023: 72% / 28%).
Women represented 18% of leadership positions at the corporate level and 36% of senior management at the operational level.
In terms of environmental stewardship, total water abstraction reached 201,299 cubic metres, equivalent to 0.21m³ per tonne of ore processed, consistent with FY2024 (FY2024: 187,603; FY2023: 123,922).
Hazardous waste decreased by 64% to 57 tonnes (FY2024: 158; FY2023: 132).
Scope 1 and 2 emissions increased by 12% to 15,803 tonnes of CO₂ equivalent (FY2024: 14,134; FY2023: 10,093), and energy efficiency stood at 0.14 GJ per tonne of ore processed, representing an 8% decline compared to FY2024 (FY2024: 0.13; FY2023: 0.14).
Environmental rehabilitation provisions increased by 39% in FY2025 to £1,604,389 (N$37,707,100) (FY2024: £1,152,121 / N$27,075,800).
