-
19 June 2026 16:07:32
- Source: Sharecast
19 June 2026
Wolfram Resources Plc
Interim Results for the Six Months Ended 31 March 2026
I am pleased to present the interim results for Wolfram Resources Plc (the "Company") for the period ended 31 March 2026. The Company was admitted to the Standard Listing of the Main Market of the London Stock exchange on 5 June 2023 (XLON: WFR).
Chairman's Statement
During the period the Company made a loss of £51,773, compared with a loss of £226,161 for the same period last year. The Company is operating on a skeleton basis to ensure the loss is as low as possible. The Board are not currently taking a salary whilst they have been diligently procuring an established business or businesses in the strategic metals and rare earth assets. The Board has been working attentively to reduce the administrative costs of the Company, reducing salaries and outsourced administrative assistance. As at 31 March 2026, the Company's cash position was £10,367 (2025: £84,983).
These interim results have not been audited by the Company's auditor.
Post period events
Since the end of the reported period, the Company has continued to actively pursue alternative acquisition opportunities involved in strategic metals and rare earth assets.
Directors of the company
The directors who have served during the period and up to the date of approval were as follows:
|
Graeme Muir |
(Chairman) |
|
Daniel Monks |
(Executive Director) |
Results and dividends
The interim statement of comprehensive income is set out on page 3 and shows the loss for six month period to 31 March 2026. The directors consider the loss for the period to be in line with expectations. The directors do not recommend a payment of a dividend.
This report was approved by the Board and signed on its behalf:
Graeme Muir
Chairman
The Directors of the Company accept responsibility for the content of this announcement.
Enquiries:
Company
Woldram Resources Plc
Graeme Muir
gm@becketinvest.co.uk
www.wolframresources.com
Corporate Advisor
AlbR Capital Limited
Telephone: 020 7469 0930
Statement of Comprehensive Income for the 6 months ended 31 March 2026
|
|
6 months to 31 March 2026 Unaudited |
|
Year ended 30 September 2025 Audited |
|
6 months to 31 March 2025 Unaudited |
|
|
£ |
|
£ |
|
£ |
|
Administrative expenses |
(51,773) |
|
(373,217) |
|
(226,161) |
|
Warrant expense |
- |
|
- |
|
- |
|
Operating Profit / (Loss) |
(51,773) |
|
(373,217) |
|
(226,161) |
|
|
|
|
|
|
|
|
Taxation |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
Loss for the period from continuing operations |
(51,773) |
|
(373,217) |
|
(226,161) |
|
|
|
|
|
|
|
|
Other comprehensive income |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
Total comprehensive income for the period |
(51,773) |
|
(373,217) |
|
(226,161) |
|
|
|
|
|
|
|
|
Earnings per share |
|
|
|
|
|
|
Basic earnings per share |
(0.06p) |
|
(0.46p) |
|
(0.277p) |
|
Diluted earnings per share |
(0.01p) |
|
(0.15p) |
|
(0.039p) |
Statement of Financial Position for the 6 months ended 31 March 2026
|
|
6 months to 31 March 2026 Unaudited |
|
Year ended 30 September 2025 Audited |
|
6 months to 31 March 2025 Unaudited |
|
|
£ |
|
£ |
|
£ |
|
Assets |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
Trade and other receivables |
8,801 |
|
20,745 |
|
13,143 |
|
Cash and cash equivalents |
10,367 |
|
4,099 |
|
84,983 |
|
|
19,168 |
|
24,844 |
|
98,126 |
|
|
|
|
|
|
|
|
Total assets |
19,168 |
|
24,844 |
|
98,126 |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
Trade and other payables |
35,250 |
|
89,153 |
|
15,379 |
|
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
Parent company loan |
100,000 |
|
- |
|
- |
|
|
|
|
|
|
|
|
Net assets |
(116,082) |
|
(64,309) |
|
82,747 |
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
Share capital |
820,001 |
|
820,001 |
|
820,001 |
|
Warrant reserves |
2,093,571 |
|
2,093,571 |
|
2,093,571 |
|
Retained earnings |
(3,029,654) |
|
(2,977,881) |
|
(2,830,825) |
|
Total equity |
(116,082) |
|
(64,309) |
|
82,747 |
Statement of Changes in Equity for the 6 months ended 31 March 2026
|
|
Share |
Warrant |
Retained |
Total |
|
|
capital |
reserves |
Earnings |
|
|
|
|
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
|
|
|
As at 1 October 2024 |
820,001 |
2,093,571 |
(2,604,664) |
308,908 |
|
|
|
|
|
|
|
Profit / (Loss) for the period |
- |
- |
(226,161) |
(226,161) |
|
Total comprehensive income |
- |
- |
(226,161) |
(226,161) |
|
Balance at 31 March 2025 |
820,001 |
2,093,571 |
(2,830,825) |
82,747 |
|
|
|
|
|
|
|
Loss for the year |
- |
- |
(373,217) |
(373,217) |
|
Total comprehensive income |
- |
- |
(373,217) |
(373,217) |
|
Balance at 30 September 2025 |
820,001 |
2,093,571 |
(2,977,881) |
(64,309) |
|
|
|
|
|
|
|
Loss for the period |
- |
- |
(51,773) |
(51,773) |
|
Total comprehensive income |
- |
- |
(51,773) |
(51,773) |
|
Balance at 31 March 2026 |
820,001 |
2,093,571 |
(3,029,654) |
(116,082) |
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