Astoria NAV per share dips amid diamond market pressure

Astoria Investments Ltd (JSE: ARAE) announced its unaudited results for the quarter ended March 31, 2025, revealing a drop in NAV per share. The decline, attributed to downward adjustments in the carrying value of the company's diamond assets – represented by holdings in Trans Hex Group, Trans Hex Marine, and TIS Management Holdings – was influenced by continued pressure on diamond prices and global market uncertainty. Specifically, the NAV per share decreased by 6.23% in USD and 8.69% in ZAR, when compared to figures as at 31 December 2024. The net asset value per share stood at USD 58.13 for the current quarter, compared to USD 61.99 in December 2024. The company reported income of USD 324 for the period. Basic and headline loss per share amounted to USD (3.86). No dividends were declared or paid for the quarter.