Tharisa PLC (THS:LSE) presents a strong investor update for its FY2025 results, highlighting resilient company performance, a robust balance sheet, and continued execution of its disciplined growth strategy. Revenue reached $602.9 million, supported by a strengthened PGM basket price and sustained chrome contribution, while EBITDA increased 5.5% year-on-year to $187.3 million and net profit after tax totaled $80.8 million. The Company reported solid cash generation of $94 million from operations, cash and equivalents of $175.1 million, and maintained shareholder returns through a final dividend of 1.5 US cents and an active share buyback programme. Tharisa emphasized safety leadership, reporting industry-leading lost-time injury rates and multiple awards. Major growth investments are advancing, including a large-scale $547 million transition to underground mining at the Tharisa Mine supported by new funding facilities, and continued de-risking of the tier-one Caro Platinum Project, one of the only major PGM builds globally. With a diversified co-production model across PGMs and chrome, favourable metal demand fundamentals linked to decarbonisation, and significant multi-generational resource potential, the Group remains positioned to deliver sustainable long-term value. The Company reaffirmed its Vision 2030 strategy to commercialise innovative beneficiation and energy-storage technologies and strengthen community upliftment initiatives. Management highlighted strong future catalysts, including higher spot PGM basket pricing, increasing underground grade consistency, and additional returns from downstream innovation.