Royal Mint: Finance
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the financial performance of the Royal Mint in the last financial year.
Answered by Lucy Rigby
The Royal Mint faced a challenging year in 2024-25, but took necessary steps to place the business on a sustainable footing. Over 60% of The Royal Mint’s reported losses were due to exceptional costs, including ending overseas coin production and a right-sizing initiative.
Despite these challenges, the organisation continued to advance its transformation plan, adopting new technologies and refining its cost base. Notably, it launched the Precious Metals Recovery (PMR) plant, which uses pioneering technology to extract gold from electronic waste.
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