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Why Did Atlas Pearls’ Profits Fall Despite Record Harvest and Sales?
3:27am on Saturday 30th of August, 2025 AEST
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Agriculture
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Why Did Atlas Pearls’ Profits Fall Despite Record Harvest and Sales?
3:27am on Saturday 30th of August, 2025 AEST
Key Points
Pearl harvest rose to 621,000, up from 598,000 in FY24
Sales volumes increased 24% to 593,000 pearls
Revenue grew 6% to $44.3 million despite a 15% drop in average price per pearl
Normalized EBITDA and net profit after tax declined by 18% and 30% respectively
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Atlas Pearls (ASX:ATP)
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