Andrada Mining Limited

ATM · AIM · Basic Resources · mcap £152m · 6.9p

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Financials · LTM to 28 Feb 26

Source: results 28 Aug 26 ↗

Revenue: £30.1m
Operating profit: −£2.6m
Net income: −£10.7m
Free cash flow: −£6.0m
Net debt: £10.9m
Market cap: £152m
EV / EBIT: –
FCF yield: −4.0%
Price / book: 5.9×

Latest half-year · H1 Aug 25 vs H1 Aug 24 results 27 Nov 25 ↗

Revenue: £12.2m
Operating profit: −£941k
Net income: −£3.0m
Cash from operations: £28k

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

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: FY Feb 26 (twelve months to 28 Feb 26), published 28 Aug 26 · read the results ↗

	FY Feb 26 source	FY Feb 25 source
Revenue	30,087,643	22,386,575
Cost of Sales	(22,362,007)	(19,428,461)
Gross profit	7,725,636	2,958,114
Administrative expenses	(13,735,386)	(9,492,562)
Other income	3,439,477	991,026
Gain on loss of control	-	1,629,200
Operating loss	(2,570,273)	(3,914,222)
Finance income	150,152	1,719,376
Finance expenses	(6,937,318)	(6,271,921)
Loss before tax	(9,357,439)	(8,466,767)
Tax expense	(1,342,205)	(1,322,356)
Loss for the year	(10,699,644)	(9,789,123)
Other comprehensive income/(loss)
Items that will or may be reclassified to profit or loss
Exchange differences on translation of share-based payment reserve	-	180
Exchange differences on translation of foreign operations	2,406,460	1,393,588
Exchange differences on non-controlling interest	-	(24,909)
Other comprehensive income/(loss) for the year	2,406,460	1,368,859
Total comprehensive loss for the year	(8,293,184)	(8,420,264)
Loss for the year attributable to
Owners of the parent	(10,696,409)	(9,771,306)
Non-controlling interests	(3,235)	(17,817)
Total loss for the year attributable to	(10,699,644)	(9,789,123)
Total comprehensive loss for the year attributable to
Owners of the parent	(8,289,949)	(8,377,538)
Non-controlling interests	(3,235)	(42,726)
	(8,293,184)	(8,420,264)
Loss per ordinary share
Basic/diluted loss per share (in pence)	(0.69)	(0.63)

	H2 Feb 26 calc.	H1 Aug 25 source	H2 Feb 25 calc.	H1 Aug 24 source
Revenue	17,923,325	12,164,318	11,571,879	10,814,696
Cost of sales	(12,072,855)	(10,289,152)	(11,196,111)	(8,232,350)
Gross profit	5,850,470	1,875,166	375,768	2,582,346
Administrative expenses	(10,059,936)	(3,675,450)	(4,494,467)	(4,998,095)
Other income	2,579,775	859,702	21,629	969,397
Gain on loss of control	-	-	1,629,200	-
Operating loss	(1,629,691)	(940,582)	(2,467,870)	(1,446,352)
Finance income	101,242	48,910	1,398,050	321,326
Finance expenses	(5,039,801)	(1,897,517)	(4,197,574)	(2,074,347)
Loss before tax	(6,568,250)	(2,789,189)	(5,267,394)	(3,199,373)
Income tax expense	–	(220,016)	–	-
Loss for the period	–	(3,009,205)	–	(3,199,373)
Exchange differences on translation of share-based payment reserve	(1,463)	1,463	12	168
Exchange differences on translation of foreign operations	3,387,681	(981,221)	166,908	1,226,680
Exchange differences on non-controlling interest	-	-	(5,412)	(19,497)
Other comprehensive (loss)/profit for the period	–	(979,758)	–	1,207,351
Total comprehensive loss for the period	–	(3,988,963)	–	(1,992,022)
Owners of the parent	(7,687,204)	(3,009,205)	(6,555,323)	(3,215,983)
Non-controlling interests	(3,235)	-	(34,427)	16,610
Total loss for the period attributable to	–	(3,009,205)	–	(3,199,373)
Owners of the parent	(4,300,986)	(3,988,963)	(6,388,403)	(1,989,135)
Non-controlling interests	(3,235)	-	(39,839)	(2,887)
	–	(3,988,963)	–	(1,992,022)
Basic and diluted loss per share (pence)	–	(0.19)	–	(0.21)

	28 Feb 26 source	28 Feb 25 source
ASSETS
NON-CURRENT ASSETS
Intangible assets	13,342,881	11,396,487
Property, plant and equipment	51,064,645	41,648,446
Investment in associate	1,427,774	1,527,352
TOTAL NON-CURRENT ASSETS	65,835,300	54,572,285
CURRENT ASSETS
Inventories	6,355,852	4,211,113
Trade and other receivables	7,115,948	7,986,117
Cash and cash equivalents	8,922,977	2,701,260
Derivative financial asset	-	101,313
TOTAL CURRENT ASSETS	22,394,777	14,999,803
TOTAL ASSETS	88,230,077	69,572,088
EQUITY AND LIABILITIES
EQUITY
Share capital	70,593,429	62,057,736
Accumulated deficit	(50,294,132)	(39,752,673)
Warrant reserve	-	482,199
Share-based payment reserve	1,930,052	1,546,239
Convertible loan note reserve	4,868,023	4,579,427
Transactions with NCI	5,180,000	-
Put option granted to NCI	(6,172,125)	-
Foreign currency translation reserve	(2,796,372)	(5,202,832)
Equity attributable to the owners of the parent	23,308,875	23,710,096
Non-controlling interests	2,216,765	-
TOTAL EQUITY	25,525,640	23,710,096
NON-CURRENT LIABILITIES
Environmental rehabilitation provision	2,192,091	1,604,389
Borrowings	8,137,796	9,334,835
Other financial liabilities	15,230,653	12,031,516
Lease liability	119,884	283,835
Deferred tax liability	2,372,553	1,135,702
TOTAL NON-CURRENT LIABILITIES	28,052,977	24,390,277
CURRENT LIABILITIES
Trade and other payables	7,752,749	6,801,695
Borrowings	11,678,545	12,321,976
Other financial liabilities	14,310,162	1,897,929
Lease liability	384,258	264,518
Income tax liability	525,746	185,597
TOTAL CURRENT LIABILITIES	34,651,460	21,471,715
TOTAL EQUITY AND LIABILITIES	88,230,077	69,572,088

	28 Feb 26 source	31 Aug 25 source	28 Feb 25 source	31 Aug 24 source
ASSETS
NON-CURRENT ASSETS
Intangible assets	13,342,881	11,370,307	11,396,487	11,098,699
Property, plant and equipment	51,064,645	41,185,015	41,648,446	39,559,506
Investment in associate	1,427,774	1,431,273	1,527,352	-
TOTAL NON-CURRENT ASSETS	65,835,300	53,986,595	54,572,285	50,658,205
CURRENT ASSETS
Inventories	6,355,852	5,569,168	4,211,113	5,750,107
Trade and other receivables	7,115,948	7,911,033	7,986,117	4,405,471
Cash and cash equivalents	8,922,977	1,596,987	2,701,260	6,103,624
Derivative financial asset	-	-	101,313	-
TOTAL CURRENT ASSETS	22,394,777	15,077,188	14,999,803	16,259,202
TOTAL ASSETS	88,230,077	69,063,783	69,572,088	66,917,407
EQUITY AND LIABILITIES
EQUITY
Share capital	70,593,429	67,579,248	62,057,736	61,642,969
Accumulated deficit	(50,294,132)	(42,473,282)	(39,752,673)	(33,490,538)
Warrant reserve	-	193,603	482,199	482,199
Share-based payment reserve	1,930,052	1,813,417	1,546,239	1,933,989
Convertible loan note reserve	4,868,023	4,579,427	4,579,427	4,579,427
Transactions with NCI	5,180,000	–	-	–
Put option granted to NCI	(6,172,125)	–	-	–
Foreign currency translation reserve	(2,796,372)	(6,184,053)	(5,202,832)	(5,681,296)
Equity attributable to the owners of the parent	23,308,875	25,508,360	23,710,096	29,466,750
Non-controlling interests	2,216,765	-	-	(13,824)
TOTAL EQUITY	25,525,640	25,508,360	23,710,096	29,452,926
NON-CURRENT LIABILITIES
Environmental rehabilitation liability	–	1,644,234	–	1,270,629
Environmental rehabilitation provision	2,192,091	–	1,604,389	–
Borrowings	8,137,796	15,002,776	9,334,835	16,220,417
Other financial liabilities	15,230,653	11,326,899	12,031,516	11,157,791
Lease liability	119,884	191,125	283,835	376,502
Deferred tax liability	2,372,553	1,108,170	1,135,702	-
TOTAL NON-CURRENT LIABILITIES	28,052,977	29,273,204	24,390,277	29,025,339
CURRENT LIABILITIES
Trade and other payables	7,752,749	6,234,563	6,801,695	5,665,957
Borrowings	11,678,545	5,691,562	12,321,976	1,523,174
Other financial liabilities	14,310,162	1,739,591	1,897,929	1,009,294
Lease liability	384,258	213,418	264,518	240,717
Income tax liability	525,746	0	185,597	-
TOTAL CURRENT LIABILITIES	34,651,460	13,879,134	21,471,715	8,439,142
TOTAL EQUITY AND LIABILITIES	88,230,077	68,660,698	69,572,088	66,917,407

	FY Feb 26 source	FY Feb 25 source
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation	(9,357,439)	(8,466,767)
Adjustments for
Fair value adjustment to receivables	(598,967)	(16,475)
Depreciation of property, plant and equipment	5,862,713	4,401,859
Amortisation of intangible assets	22,064	33,322
Share-based payments	435,181	255,276
Fair value loss/(gain) on open commodity swap transactions	4,462,762	(101,313)
Loss on scrapping of assets	23,252	623,204
Impairment loss on receivable	675,973	–
Foreign exchange differences	(2,472,934)	-
Gain on loss of control	-	(1,629,200)
Finance income	(150,152)	(1,719,376)
Finance expenses	6,937,318	6,271,921
Changes in working capital
Decrease/(Increase) in receivables	186,250	(3,016,834)
(Increase) in inventory	(1,633,176)	(1,134,265)
Increase in payables	311,802	499,400
Net cash generated/(used) in operating activities	4,704,647	(3,999,248)
Cash flows from investing activities
Purchase of intangible assets	(1,127,214)	(3,407,818)
Purchase of property, plant and equipment	(6,941,662)	(11,509,537)
Interest received	150,152	423,275
Consideration received on loss of control	-	1,629,200
Net cash used in investing activities	(7,918,724)	(12,864,880)
Cash flows from financing activities
Interest paid	(1,909,143)	(1,312,789)
Lease payments	(2,653,222)	(256,339)
Share-based payments	-	24,000
Net proceeds from issue of shares	5,535,406	-
Share issue costs	(259,727)	-
Proceeds from bank borrowings	691,433	6,170,428
Repayment of bank borrowings	(964,595)	(373,721)
Proceeds from other financial liabilities	2,222,491	-
Repayment of other financial liabilities	(7,799)	(453)
Proceeds from transactions with NCI	7,400,000	-
Net cash generated from financing activities	10,054,844	4,251,126
Net increase/(decrease) in cash and cash equivalents	6,840,767	(12,613,002)
Cash and cash equivalents at the beginning of the year	1,815,943	14,505,800
Foreign exchange differences	(145,289)	(76,855)
Cash and cash equivalents at the end of the year	8,511,421	1,815,943

	H2 Feb 26 calc.	H1 Aug 25 source	H2 Feb 25 calc.	H1 Aug 24 source
Profit / (Loss) before taxation	(6,568,250)	(2,789,189)	(5,267,394)	(3,199,373)
Fair value adjustment to customer contract	–	(213,730)	–	(128,328)
Depreciation of property, plant and equipment	3,371,151	2,491,562	2,346,001	2,055,858
Amortisation of intangible assets	13,176	8,888	24,211	9,111
Share-based payments	197,393	237,788	172,855	82,421
Fair value of open derivative financial asset	–	167,710	–	-
Loss on scrapping of assets	23,252	-	623,204	-
Gain on loss of control	-	-	(1,629,200)	-
Finance income	(101,242)	(48,910)	(1,398,050)	(321,326)
Finance expenses	5,039,801	1,897,517	4,197,574	2,074,347
Decrease/(increase) in receivables	38,367	147,883	(5,015,087)	1,998,253
(Increase) in inventory	(186,000)	(1,447,176)	1,541,790	(2,676,055)
(Decrease)/increase in payables	735,933	(424,131)	2,058,971	(1,559,571)
Net cash generated from/(used in) operating activities	–	28,212	–	(1,664,663)
Purchase of intangible assets	(895,212)	(232,002)	(1,897,481)	(1,510,337)
Purchase of property, plant and equipment	(3,944,880)	(2,996,782)	(3,277,152)	(8,232,385)
Finance income	–	48,910	–	321,326
Consideration received on loss of control	-	-	1,629,200	-
Net cash used in investing activities	(4,738,850)	(3,179,874)	(3,443,484)	(9,421,396)
Finance expenses	–	(919,283)	–	(392,609)
Lease payments	(2,523,861)	(129,361)	(93,330)	(163,009)
Share based payments	-	-	24,000	-
Proceeds from issue of shares	–	4,584,679	–	-
Proceeds from bank borrowings	644,518	46,915	(557,087)	6,727,515
Repayment of bank borrowings	(241,133)	(723,462)	2,361,965	(2,735,686)
Repayment of other financial liabilities	13,982	(21,781)	(453)	-
Net cash generated from financing activities	7,217,137	2,837,707	814,915	3,436,211
Net decrease in cash and cash equivalents	–	(313,955)	–	(7,649,848)
Cash and cash equivalents at the beginning of the period	–	1,815,943	–	14,505,800
Foreign exchange differences	(1,681,524)	(791,410)	752,328	(752,328)
Cash and cash equivalents (net of bank overdraft) at the end of the period	–	710,578	–	6,103,624

	FY Feb 26	FY Feb 25
Revenue to operating profit
Revenue	30.1	22.4^r
Gross profit	7.7	3.0
Adjusted EBITDA	8.4	0.5
EBITDA	3.3	0.5
Operating profit	(2.6)	(3.9)
Depreciation (owned assets)	5.9	4.4
Amortisation	0.0	0.0
Share-based payments	0.4	0.3
Operating profit to net income
Finance costs	(6.9)	(6.3)
Profit before tax	(9.4)	(8.5)
Tax	(1.3)	(1.3)
Net income (owners)	(10.7)	(9.8)
Per share
EPS basic	(0.7p)	(0.6p)
EPS diluted	(0.7p)	(0.6p)

	H2 Feb 26	H1 Aug 25	H2 Feb 25	H1 Aug 24
Revenue to operating profit
Revenue	17.9	12.2	11.6	10.8
Gross profit	5.9	1.9	0.4	2.6
Operating profit	(1.6)	(0.9)	(2.5)	(1.4)
Depreciation (owned assets)	3.4	2.5	2.3	2.1
Amortisation	0.0	0.0	0.0	0.0
Share-based payments	0.2	0.2	0.2	0.1
Operating profit to net income
Finance costs	(5.0)	(1.9)	(4.2)	(2.1)
Profit before tax	(6.6)	(2.8)	(5.3)	(3.2)
Tax	(1.1)	(0.2)	–	–
Net income (owners)	(7.7)	(3.0)	(6.6)	(3.2)
Per share
EPS basic	(0.5p)	(0.2p)	(0.4p)	(0.2p)
EPS diluted	(0.5p)	(0.2p)	(0.4p)	(0.2p)

	FY Feb 26	FY Feb 25
Operating activities
Cash from operations	4.7	(4.0)
Interest paid	(1.9)	(1.3)
Investing activities
Capex (PP&E)	(6.9)	(11.5)
Capex (intangibles)	(1.1)	(3.4)
Financing activities
Lease principal paid	(2.7)	(0.3)
Shares issued	5.5	0.0

	H2 Feb 26	H1 Aug 25	H2 Feb 25	H1 Aug 24
Operating activities
Cash from operations	4.7	0.0	(2.3)	(1.7)
Interest paid	(1.0)	(0.9)	(0.9)	(0.4)
Investing activities
Capex (PP&E)	(3.9)	(3.0)	(3.3)	(8.2)
Capex (intangibles)	(0.9)	(0.2)	(1.9)	(1.5)
Financing activities
Lease principal paid	(2.5)	(0.1)	(0.1)	(0.2)
Shares issued	1.0	4.6	–	–

	28 Feb 26	28 Feb 25
Non-current assets
Other intangibles	13.3	11.4
Property, plant & equipment	51.1	41.6
Associates & JVs	1.4	1.5
Non-current assets	65.8	54.6
Current assets
Inventories	6.4	4.2
Trade receivables	7.1	8.0
Cash	8.9	2.7
Current assets	22.4	15.0
Total assets	88.2	69.6
Current liabilities
Trade payables	7.8	6.8
Borrowings, current	11.7	12.3^r
Lease liabilities, current	0.4	0.3
Current liabilities	34.7	21.5^r
Non-current liabilities
Borrowings, non-current	8.1	9.3^r
Lease liabilities, non-current	0.1	0.3
Equity
Non-controlling interests	2.2	0.0
Total equity	25.5	23.7

	28 Feb 26	31 Aug 25	28 Feb 25	31 Aug 24
Non-current assets
Other intangibles	13.3	–	11.4	–
Property, plant & equipment	51.1	41.2	41.6	39.6
Associates & JVs	1.4	1.4	1.5	–
Non-current assets	65.8	54.0	54.6	50.7
Current assets
Inventories	6.4	5.6	4.2	5.8
Trade receivables	7.1	7.9	8.0	4.4
Cash	8.9	1.6	2.7	6.1
Current assets	22.4	15.1	15.0	16.3
Total assets	88.2	69.1	69.6	66.9
Current liabilities
Trade payables	7.8	6.2	6.8	5.7
Borrowings, current	11.7	5.7	12.3^r	1.5
Lease liabilities, current	0.4	0.2	0.3	0.2
Current liabilities	34.7	13.9	21.5^r	8.4
Non-current liabilities
Borrowings, non-current	8.1	15.0	9.3^r	16.2
Lease liabilities, non-current	0.1	0.2	0.3	0.4
Equity
Non-controlling interests	2.2	–	0.0	(0.0)
Total equity	25.5	25.5	23.7	29.5

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.