Annual Report 2025

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  • Message from the Chairman

    Mr José Martins

    FY25 marked a period of solid financial performance, continued strategic execution, and disciplined capital management. The Company closed the year with revenue of $44.3M (FY24: $41.7M), EBITDA of $18.6M (FY24: $22.6M), and net profit after tax of $21.9M (FY24: $31.5M)...

  • CEO Operational Update

    Mr Michael Ricci

    Financially and operationally, it was another strong year with the number of pearls harvested at 621k, compared to the 598k harvested in FY24, and the medium-term trend for pearls to be harvested is for a positive increase. Profits for FY25 were again strong, with EBITDA at $18.6M...

  • Celebrating 30 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....

  • Risk Management

    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.

  • Benefits of South Sea Pearling


    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. 

  • Sustainability


    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...