Ecora has a strong financial position with a focus on deleveraging, growth and shareholder returns.
Our capital allocation policy consists of four pillars:
Balance sheet strength
- Deployed ~$400m in past 16 months
- Net debt ~$50m at end of July post South32 transaction
Funding for further acquisitions
- Strong banking relationships
- Retain ~$180m of liquidity for future growth
Quarterly
dividends
- Dividend policy remains unchanged for 2022 with a quarterly dividend of 1.75p
- Q4 2022 dividend to be determined in light of trading and near-term growth outlook
- Dividend to be rebased to US$ in line with reporting currency
Other shareholder returns
- Dependent on business performance and royalty and stream acquisitions during the year and outlook