Logotype for Lucara Diamond Group

Lucara Diamond Group (LUC) investor relations material

Lucara Diamond Group Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Lucara Diamond Group
Q2 2025 earnings summary8 Aug, 2025

Executive summary

  • Q2 2025 revenue rose to $43.7M from $41.3M year-over-year, driven by the sale of a 1,094 carat diamond; final value pending polished sales.

  • Recovered a 2,036 carat diamond, the third largest ever, and 242 Specials, with 15 stones over 100 carats.

  • Karowe Mine operations remained stable, with 0.7Mt ore mined and processed, and 85,024 carats recovered.

  • UGP development advanced, achieving over 2,000 days lost-time injury free and significant shaft sinking milestones.

Financial highlights

  • Operating margin was 65%, down from 67% in Q2 2024, due to a 12% increase in operating expenses.

  • Operating cost per tonne processed increased 2% to $26.76.

  • Net income from continuing operations was $12.5M, EPS $0.03, both flat year-over-year.

  • Cash balance at quarter-end was $22.7M; $190M fully drawn from project finance, $30M from working capital facility.

  • Working capital deficit of $156.4M due to project facility classification as current liability.

Outlook and guidance

  • 2025 revenue guidance revised to $150–$160M, down from $195–$225M, reflecting lower high-value ore processed.

  • Diamond sales expected at 340–370k carats, with 330–360k carats recovered.

  • Total operating costs forecast at $28.50–$31.00 per tonne processed.

  • UGP capital costs revised down to up to $95M for 2025, with sustaining capital up to $13M.

  • Full-scale underground production targeted for H1 2028.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Lucara Diamond Group earnings date

Logotype for Lucara Diamond Group
Q3 202514 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Lucara Diamond Group earnings date

Logotype for Lucara Diamond Group
Q3 202514 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Lucara Diamond Corp., a diamond mining company, focuses on the development and operation of diamond properties in Africa. It holds interests in the Karowe diamond mine located in northeastern Botswana. The company was formerly known as Lucara Resources Corporation and changed its name to Lucara Diamond Corp. in December 2011. Lucara Diamond Corp. was founded in 1981 and is headquartered in Vancouver, Canada.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage