Record Year for The Royal Mint

The Royal Mint (TRM) announced a 27.3% increase in sales to £1.4 billion and pre-tax profit of £18 million for the year ending 31 March 2022, an increase of 45% over the previous year, largely due to higher precious metals sales in the UK, US and Europe.

This is the largest profit since TRM became a vested (limited) company in 2010. TRM is owned by the UK Treasury and will pay it a record dividend of £5 million.

In recognition of its record performance, employees were awarded a ‘profit share’ payment of just under £5,000 each.

The result marks the end of a three-year business transformation strategy led by CEO Anne Jessopp, which has seen it, the UK’s oldest manufacturer, successfully evolve into a consumer brand, expanding into precious metals, investment products, the sale of historic coins, jewellery, and luxury collectibles.