Ariana Resources

AAU · AIM · Basic Resources · mcap £37m · 1.4p

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Financials · LTM to 30 Jun 26

Source: results 29 Sep 26 ↗

Revenue: –
Operating profit: −£3.3m
Net income: −£6.2m
Free cash flow: −£4.3m
Net cash: £17.3m
Market cap: £37.1m
EV / EBIT: –
FCF yield: −11.7%
Price / book: 0.7×

Latest half-year · H1 26 vs H1 25 results 29 Sep 26 ↗

Operating profit: −£1.6m
Net income: £6.2m
Cash from operations: −£1.3m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Latest interim Latest annual

Half-year Results, published 29 Sep 26 · read the announcement ↗

Condensed Consolidated Statement of Comprehensive Income · For the six months ended 30 June 2026

	6 months to 30 June 2026 £’000 Unaudited	6 months to 30 June 2025 £’000 Unaudited	12 months to 31 December 2025 £’000 Audited
Administrative costs (net of exchange gains)	(1,489)	(806)	(2,288)
General exploration expenditure, not capitalised	(75)	-	(265)
Operating loss	(1,564)	(806)	(2,553)
Finance cost	(12)	(218)	(410)
Share of loss of associate accounted for using the equity method 6a	(105)	(31)	(69)
Share of profit of associate accounted for using the equity method 6b	-	1,142	1,142
Gain/(loss) on remeasurement of associate accounted for using the equity method to fair value through profit or loss 6b	-	-	(4,129)
Recycled foreign currency translation loss on loss of significant influence 6b	-	-	(6,751)
Foreign exchange gain on translation of financial asset measured at fair value 6b	-	-	353
Gain/(loss) on the revaluation of financial assets through profit or loss	3,263	28	(10)
Gain on disposal of financial assets through profit or loss	4,510	-	-
Other income	-	30	57
Investment income	156	6	14
Profit/(loss) before tax	6,248	151	(12,356)
Taxation	-	(37)	(4)
Profit/(loss) for the period from continuing operations	6,248	114	(12,360)
Earnings/(loss) per share (pence)
Basic	0.24	0.01	(0.60)
Diluted	0.21	0.01	(0.60)
Exchange differences on translating foreign operations	294	(3,159)	3,820
Other comprehensive profit/(loss) for the period net of income tax	294	(3,159)	3,820
Total comprehensive profit/(loss) for the period	6,542	(3,045)	(8,540)

Condensed Consolidated Interim Statement of Financial Position · For the six months ended 30 June 2026

	As at 30 June 2026 £’000 Unaudited	As at 30 June 2025 £’000 Unaudited	As at 31 December 2025 £’000 Audited
ASSETS
Non-current assets
Trade and other receivables	-	326	-
Financial assets at fair value through profit or loss	11,314	658	18,124
Intangible assets	65	82	75
Land, property, plant and equipment	332	172	155
Investment in associates accounted for using the equity method	1,970	23,350	2,075
Exploration assets	21,223	18,517	19,309
Earn-in advances	-	-	755
Total non-current assets	34,904	43,105	39,738
Current assets
Trade and other receivables	1,337	1,126	1,312
Cash and cash equivalents	17,267	424	5,436
Total current assets	18,604	1,550	6,748
Total assets	53,508	44,655	46,486
EQUITY
Called up share capital	3,353	1,944	2,616
Share premium	26,754	18,724	26,386
Other reserves	720	720	720
Share option reserve	332	117	332
Translation reserve	(9,308)	(16,581)	(9,602)
Retained earnings	31,028	37,254	24,780
Total equity attributable to equity holders of the parent	52,879	42,178	45,232
Non-controlling interest	140	140	140
Total equity	53,019	42,318	43,372
LIABILITIES
Current liabilities
Trade and other payables	400	1,987	1,029
Total current liabilities	400	1,987	1,029
Non-current liabilities
Other financial liabilities and provisions	89	350	85
Total non-liabilities	89	350	85
Total liabilities	489	2,337	1,114
Total equity and liabilities	53,508	44,655	46,486

Condensed Consolidated Interim Statement of Cash Flows · For the six months ended 30 June 2026

	6 months to 30 June 2026 £’000 Unaudited	6 months to 30 June 2025 £’000 Unaudited	12 months to 31 December 2025 £’000 Audited
Cash flows from operating activities
Profit for the period	6,248	114	(12,360)
Adjustments for
Depreciation of non-current assets	14	58	79
Consultancy fees received in shares	-	(30)	(33)
Professional fees settled in shares	-	-	104
Share of profit in equity accounted associate	-	(1,142)	(1,142)
Share of loss in equity accounted associate	105	31	69
Gain/(loss) on remeasurement of associate accounted for using the equity method to fair value through profit or loss	-	-	4,129
Recycled foreign translation loss	-	-	6,751
Foreign exchange gain on translation of financial asset through profit or loss	-	-	(353)
(Gain) / Loss on revaluation of financial assets through profit or loss	(3,301)	(28)	28
(Gain) / Loss on disposal of financial assets through profit or loss	(4,510)	-	-
Write-down of exploration asset	-	-	125
Profit on the disposal of property, plant, and equipment	-	-	(41)
Finance costs	12	218	410
Investment income	-	(6)	(14)
Share options	-	117	332
Income tax expense	-	37	4
Total adjustments for non-cash items	(7,680)	(745)	10,448
Movement in working capital
Change in trade and other receivables	(27)	(231)	(437)
Change in trade and other payables	150	(168)	(226)
Cash outflow from operating activities	(1,309)	(1,030)	(2,575)
Taxation paid	-	-	-
Net cash used in operating activities	(1,309)	(1,030)	(2,575)
Cash flows from investing activities
Purchase of land, property, plant and equipment	(85)	(26)	(52)
Proceeds from disposals of land, property, plant and equipment	-	-	50
Payments for intangible and exploration assets	(1,209)	(794)	(1,375)
Purchase of financial assets at fair value through profit or loss	-	(38)	(40)
Disposal of financial assets at fair value through profit or loss	14,498	-	-
Loan granted to associate	-	(55)	(78)
Investment income	-	6	-
Net cash generated from/(used in) investing activities	13,204	(907)	(1,495)
Cash flows from financing activities
Issue of share capital	-	1,839	9,910
Less adjustment for non-cash consideration	-	(207)	-
Loan and Interest repayments	(107)	(146)	(1,268)
Net cash (used in)/generated from financial activities	(206)	1,486	8,642
Net increae/(decrease) in cash and cash equivalents	11,957	(451)	4,572
Cash and cash equivalents at beginning of period	5,436	913	913
Exchange adjustment on cash and cash equivalents	134	(38)	(49)
Cash and cash equivalents at end of period	17,267	424	5,436
Condensed Consolidated Interim Statement of Cash Flows
For the six months ended 30 June 2026
Cash and cash equivalents	17,267	424	5,436
Total	17,267	424	5,436

Final Audited Results for the Year Ended 31 Dec 25, published 31 Mar 26 · read the announcement ↗

Consolidated Statement of Comprehensive Income · For the year ended 31 December 2025

	2025 £'000	2024 £'000
Administrative costs (net of exchange gains) 4a	(2,288)	(2,737)
General exploration expenditure	(265)	(167)
Operating loss 4b	(2,553)	(2,904)
Profit on disposal of gold bullion backed bank accounts 5a	-	170
Fair value loss on listed investments through profit or loss	(10)	(134)
Share of profit of associate accounted for using the equity method	1,142	5,688
Share of loss of associate accounted for using the equity method 6b	(69)	(316)
Loss on remeasurement to fair value	(4,129)	-
Recycled foreign currency translation loss on loss of significant influence	(6,751)	-
Foreign exchange gain on translation of financial asset measured at fair value	3532	-
Finance costs 5b	(410)	(34)
Other income	578	77
Investment income	14	164
(Loss) /Profit before tax	(12,356)	2,711
Taxation	(4)	(19)
(Loss) /Profit for the year from continuing operations	(12,360)	2,692
Earnings per share (pence) attributable to equity holders of the company
Basic and diluted	(0.01)	0.18
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations	3,820	3,726
Other comprehensive income for the year net of income tax	3,820	3,726
Total comprehensive (Loss) /Profit for the year	(8,540)	6,418

Consolidated Statement of Financial Position · For the year ended 31 December 2025

	2025 £'000	2024 £'000
Assets Non-current assets
Trade and other receivables	-	238
Financial assets at fair value through profit or loss	664	617
Intangible assets	75	93
Land, property, plant and equipment	155	227
Investment in associates accounted for using the equity method 6a-c	2,075	23,479
Financial asset at fair value 6d	17,460	-
Exploration expenditure	19,309	18,122
Earn-In advances 14a	-	755
Total non-current assets	39,738	43,531
Current assets
Trade and other receivables	1,312	1,149
Cash and cash equivalents	5,436	913
Total current assets	6,748	2,062
Total assets	46,486	45,593
Equity
Called up share capital	2,616	1,834
Share premium	26,386	16,995
Share option reserve	332	-
Other reserves	720	720
Translation reserve	(9,602)	(13,422)
Retained earnings	24,780	37,140
Total equity attributable to equity holders of the parent	45,232	43,267
Non-controlling interest	140	140
Total equity	45,372	43,407
Liabilities
Current liabilities
Trade and other payables 18a	1,029	1,453
Total current liabilities	1,029	1,453
Non-current liabilities
Other financial liabilities and provisions 18b	85	733
Total non-current liabilities	85	733
Total equity and liabilities	46,486	45,593

Consolidated Statement of Cash Flows · For the year ended 31 December 2025 · 2025 £'000 2025 £'000 2024 £'000 2024 £'000

	Current	Prior
Cash flows from operating activities
(Loss)/Profit for the year	(12,360)	2,692
Adjustments for
Depreciation of non-current assets	79	119
Share of profit in equity accounted associate	(1,142)	(5,688)
Write down of exploration asset	125	-
Share of loss in equity accounted associate	69	316
Fair value loss on listed investments	27	134
Profit on disposal of gold bullion backed bank accounts	-	(170)
Share options	332	-
Profit on disposal of property, plant and equipment	(41)	-
Recycled foreign translation loss	6,751	-
Loss on remeasurement to fair value	3,777	-
Finance costs	410	34
Investment income	(14)	(164)
Consultancy fees received in shares	(33)	(135)
Professional fees settled in shares	104	-
Income tax expense	4	19
Total adjustments for non-cash items	10,448	(5,535)
Movement in working capital	(1,912)	(2,843)
Increase in trade and other receivables	(437)	(132)
Decrease in trade and other payables	(226)	(60)
Cash outflow from operating activities	(2,575)	(3,035)
Taxation paid	-	(57)
Net cash used in operating activities	(2,575)	(3,092)
Cash flows from investing activities
Earn-In Advances	-	(339)
Purchase of land, property, plant and equipment	(52)	(15)
Payments for intangible and exploration assets	(1,375)	(1,059)
Proceeds from disposal of gold bullion backed bank accounts	-	1,759
Purchase of associate investment	-	(75)
Purchase of financial assets at fair value through profit or loss	(40)	(121)
Proceeds from disposals	50	-
Loan granted to associate	(92)	(220)
Investment income	-	164
Net cash (used in)/generated from investing activities	(1,495)	94
Cash flows from financing activities
Issue of share capital (net of expenses)	15,475	-
Less adjustment for non-cash consideration	(15,475)	-
Loan Interest and similar charges	-	-
Loan repayments	-	-
Loan advance (net of up-front commission)	1,498	-
Net cash generated from financing activities	8,642	1,498
Net Increase/(decrease) in cash and cash equivalents	4,572	(1,500)
Cash and cash equivalents at beginning of year	913	2,517
Exchange adjustment on cash and cash equivalents	(49)	(104)
Cash and cash equivalents at end of year	5,436	913
Company Statement of Cash Flows
For the year ended 31 December 2025
2025 £'000 2025 £'000 2024 £'000 2024 £'000
Cash flows from operating activities
(Loss) for the year	(1,976)	-
Adjustments for
Share options	-	-
Share of loss in equity accounted associate	-	-
Fees settled in shares	-	-
Investment income	-	-
Total adjustments for non-cash items	-	-
Movement in working capital	-	-
Increase in trade and other receivables	-	-
Decrease in trade and other payables	-	-
Cash outflow from operating activities	-	-
Net cash (used in) operating activities	-	-
Cash flows from investing activities
Funding provided to subsidiaries	-	-
Investment income	-	-
Net cash (used in) investing activities	-	-
Cash flows from financing activities
Issue of share capital (net of expenses)	-	-
Net cash generated from financing activities	-	-
Net increase in cash and cash equivalents	-	-
Cash and cash equivalents at beginning of year	-	-
Cash and cash equivalents at end of year	-	-

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 29 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Operating profit	(3.3)	(2.6)	(2.9)
Share-based payments	–	0.3	0.0
Operating profit to net income
Finance costs	(0.2)	(0.4)	(0.0)
Profit before tax	(6.3)	(12.4)	2.7
Tax	–	(0.0)	(0.0)
Net income (owners)	(6.2)	(12.4)	2.7
Per share
EPS basic	(0.4p)	(0.6p)	0.2p
EPS diluted	(0.4p)	(0.6p)	0.2p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Operating profit	(1.6)	n/m	(1.7)	(0.8)
Operating profit to net income
Finance costs	(0.0)	−94%	(0.2)	(0.2)
Profit before tax	6.2	n/m	(12.5)	0.2
Tax	–	–	0.0	(0.0)
Net income (owners)	6.2	n/m	(12.5)	0.1
Per share
EPS basic	0.2p	–	(0.6p)	0.0p
EPS diluted	0.2p	–	(0.6p)	0.0p

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(2.9)	(2.6)	(3.1)
Tax paid	–	0.0	(0.1)
Investing activities
Capex (PP&E)	(0.1)	(0.1)	(0.0)
Capex (intangibles)	–	(1.4)	(1.1)
Financing activities
Shares issued	–	9.9	–

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(1.3)	n/m	(1.5)	(1.0)
Investing activities
Capex (PP&E)	(0.1)	n/m	(0.0)	(0.0)
Financing activities
Shares issued	–	–	8.1	1.8

	Latest Jun 26	FY 25	FY 24
Non-current assets
Other intangibles	0.1	0.1	0.1
Property, plant & equipment	0.3	0.2	0.2
Associates & JVs	2.0	2.1	23.5
Other investments	11.3	18.1	0.6
Non-current assets	34.9	39.7	43.5
Current assets
Trade receivables	1.3	1.3	1.1
Cash	17.3	5.4	0.9
Current assets	18.6	6.7	2.1
Total assets	53.5	46.5	45.6
Current liabilities
Trade payables	0.4	1.0	1.5
Current liabilities	0.4	1.0	1.5
Non-current liabilities
Non-current liabilities	0.1	0.1	–
Total liabilities	0.5	1.1	–
Equity
Non-controlling interests	0.1	0.1	0.1
Total equity	53.0	43.4	43.4

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Other intangibles	0.1	0.1	0.1	0.1
Property, plant & equipment	0.3	0.2	0.2	0.2
Associates & JVs	2.0	2.1	23.4	23.5
Other investments	11.3	18.1	0.7	0.6
Non-current assets	34.9	39.7	43.1	43.5
Current assets
Trade receivables	1.3	1.3	1.1	1.1
Cash	17.3	5.4	0.4	0.9
Current assets	18.6	6.7	1.6	2.1
Total assets	53.5	46.5	44.7	45.6
Current liabilities
Trade payables	0.4	1.0	2.0	1.5
Current liabilities	0.4	1.0	2.0	1.5
Non-current liabilities
Non-current liabilities	0.1	0.1	0.3	–
Total liabilities	0.5	1.1	2.3	–
Equity
Non-controlling interests	0.1	0.1	0.1	0.1
Total equity	53.0	43.4	42.3	43.4

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.