Mr Geoff Newman

FY24 was a year of significant achievements for the Company with sales in excess of $41M, earnings (normalised EBITDA) of $22.6M and payment of two special dividends: 0.35 cents per share in September 2023 and 1.5 cents per share in March 2024....

Mr Michael Ricci

Financially and operationally, it was a strong year with the number of pearls harvested exceeding 598k, up from 548k in FY23. Improved profits, with EBITDA at $22.6M, up from $9.8M in FY23 was a result of the strong market demand, where average pearl prices increased, especially in H1, to levels not seen for several years....

A serendipitous encounter between investors in a Jakarta office sparked a lifelong friendship and the idea to pursue pearl culturing in Indonesia. The resulting joint venture led to a risky investment in challenging and isolated regions and the emergence of one of the world’s largest producers of South Sea pearls....

Atlas Pearls’ approach to managing risk is documented in a Corporate Risk Register reviewed and approved by the Board of Directors. The risk register seeks to ensure that risk management is embedded throughout the business and managed in a structured and systematic manner. It is reviewed regularly by the Board and is evaluated and updated as the Company’s business model evolves and underlying risks change.

South Sea pearl farming offers a number of benefits distinguishing pearls from other gemstones as an authentic, sustainable, & environmentally beneficial product.

WATER QUALITY

WATER FILTERING
Oysters feed by filtering algae from their surrounding water, ultimately removing nutrients, which, in excess, can degrade the ocean environment. 

Atlas Pearls has a longstanding commitment through our sustainability programs to support local communities and maintain strong relationships with all of our stakeholders. Building on our existing sustainability efforts with the aim of improving transparency and monitoring our operational impacts on the environment and local communities, we have established formal sustainability management and reporting processes...