Unaudited Half Year Results 2026
ATOME PLC reported an unaudited loss of US$12.2 million for the six months ended 30 June 2026, a significant increase from the US$3.1 million loss in the same period of 2025. The company's cash balance at the end of the period stood at US$8.0 million, a substantial rise from US$361 thousand in the prior year, while capitalized costs remained stable at US$6.6 million. Post-period, ATOME initiated a Notice of Dispute and Intent to Submit a Claim to Arbitration concerning the Villeta Project, indicating ongoing challenges with Paraguay. Despite these issues, the company expressed optimism about progressing its business through other projects and assets.
| Half year to 30 Jun 2026 | Now | Year before | Change |
|---|---|---|---|
| Operating profit | (£8.1m) | (£1.8m) | |
| Profit before tax | (£8.3m) | (£1.9m) | |
| Net income | (£8.3m) | (£1.9m) | |
| Cash from operations | (£2.0m) | (£1.1m) | |
| Cash | £6.0m | £0.3m | +2198.2% |
Figures as reported, converted to £ where needed – see all financials.
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Business Update
Investor Presentation via Investor Meet Company
ATOME (AIM: ATOM), the world-leading low-carbon fertiliser developer and the UK's only dedicated international industrial scale low-carbon fertiliser company, announces the publication of its unaudited Half Year Report and Financial Statement for the six-month period ended 30 June 2026 which are set out below and at https://www.atomeplc.com/.
H1 2026 Financial Highlights:
- Loss for the first 6 months 2026 US$12.2 million (H1 2025: US$3.1 million)
- US$6.6 million of costs capitalised as at 30 June 2026 (H1 2025: US$6.6 million)
- Cash balance at period end of US$8.0 million (H1 2025: US$361 thousand)
Post H1 2026 Events:
- As referred to in the Company's announcement dated 17 September 2026, ATOME has served a Notice of Dispute and Intent to Submit a Claim to Arbitration under the UK-Paraguay Bilateral Investment Treaty 1981
- As stated, the Company will keep the market informed
- As to new business, attention is drawn to the announcement of the Company dated 16 September 2026
Statement by Peter Levine, Chairman:
"The Company is travelling through turbulence with regard to the Villeta Project. We have and will continue to keep the market informed as to developments in this regard and are continuing to focus on Villeta and discuss with relevant stakeholders with a view to trying to find an amicable solution.
"However, ATOME in the event of failure in its endeavour to arrive at a resolution with Paraguay has received strong positive advice as to the merits of a very substantial claim against Paraguay which it will not hesitate to vigorously pursue due to the actions of Paraguay in inter alia revoking the relevant Decree relating to the pertinent Power Purchase Agreement.
"Notwithstanding Villeta, ATOME is not a one trick pony. With its potential projects, valuable assets, experience, contacts and know how, the Company in any event fully intends to progress and expand its business and the Company remains optimistic that one way or another it will navigate through the issues and progress."
Investor Presentation via Investor Meet Company
ATOME is pleased to announce that Peter Levine, Chairman, and Olivier Mussat, CEO, will provide a live presentation relating to the Full Year and Half Year Results as well as a general business update via Investor Meet Company on 05 Oct 2026 at 11:00 BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 04 Oct 2026 at 09:00 BST, or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet ATOME PLC via:
Investors who already follow ATOME on the Investor Meet Company platform will automatically be invited.
For further information on ATOME, please visit the Company's Curation Connect showcase at: https://ai.curationcorp.com/showcase/Atome-71605
Other information
Distribution
Financial Review to 30 June 2026
The condensed financial statements present the half-year results for the six months ended 30 June 2026 for ATOME PLC, a low carbon fertiliser project development company listed on AIM, with large-scale projects in South and Central America concentrating on energy and food security.
Operating loss attributable to the Group's equity holders was in line with expectations and totalled US$10.96 million (US$2.35 million and US$7.95 million for the six months ended 30 June 2025 and for the year ended 31 December 2025, respectively).
Net cash used by operating activities totalled US$2.7 million (US$1.4 million and US$2.3 million for the six months ended 30 June 2025 and for the year ended 31 December 2025, respectively), with cash used by investing activities totalling US$0.1 million (US$0.2 million and US$0.2 million for six months ended 30 June 2025 and for year ended 31 December 2025, respectively).
Operating deficit and cash outflows to investing activities were financed primarily by net proceeds from share placings with support available in the form of a shareholder facility ("the Facility") as previously announced to the market.
The results of the Group are presented in US Dollars as all its budgeting, cost management and future trading is or will be denominated in US Dollars. The foreign exchange gains and losses arising from translation from the Group entities functional currency to US Dollars are taken to the Translation reserve on the statement of financial position.
| 6 months | 6 months | Year ended | ||
|---|---|---|---|---|
| to 30 June | to 30 June | 31 Dec | ||
| 2026 | 2025 | 2025 | ||
| (Unaudited) | (Unaudited) | (Audited) | ||
| US$000 | US$000 | US$000 | ||
| Other Income | - | - | - | |
| Loss before tax | (11,176) | (2,500) | (8,162) | |
| Net cash used by operating activities | (2,677) | (1,430) | (2,346) | |
| Proceeds from issue of shares (net of expenses) | 11,281 | 49 | 66 | |
| Net debt | 4,303 | (382) | (3,995) | |
| Cash balance | 8,015 | 361 | 159 | |
| Condensed Consolidated Statement of Comprehensive Income | ||||
| 6 months | 6 months | Year ended | ||
| to 30 June | to 30 June | 31-Dec | ||
| 2026 | 2025 | 2025 | ||
| (Unaudited) | (Unaudited) | (Audited) | ||
| Note | US$000 | US$000 | US$000 | |
| Continuing operations | ||||
| Administrative expenses | 3 | (10,956) | (2,348) | (7,945) |
| Operating loss | (10,956) | (2,348) | (7,945) | |
| Finance income | 31 | 6 | 19 | |
| Finance costs | (251) | (158) | (236) | |
| Loss before tax | (11,176) | (2,500) | (8,162) | |
| Total income tax (charge)/credit | - | - | - | |
| Loss for the period from continuing operations | (11,176) | (2,500) | (8,162) | |
| Non-controlling interest | (2) | 1 | 2 | |
| Loss for the period attributable to the equity holders | (11,178) | (2,499) | (8,160) | |
Other comprehensive income net of tax
Items that may subsequently be reclassified to profit or loss
| 6 months | 6 months | Year ended | ||||
|---|---|---|---|---|---|---|
| to 30 June | to 30 June | 31 Dec | ||||
| 2026 | 2025 | 2025 | ||||
| Exchange differences on translation of foreign operations | (1,038) | (573) | (1,060) | |||
| Total comprehensive loss for the period | ||||||
| attributable to the equity holders of the Parent | (12,216) | (3,072) | (9,220) | |||
| Loss per share | US cents | US cents | US cents | |||
| Basic loss per share from continuing operations | 4 | (19.52) | (5.23) | (16.33) | ||
| Diluted loss per share from continuing operations | 4 | (19.52) | (5.23) | (16.33) | ||
| Condensed Consolidated Statement of Financial Position | ||||||
| As at 30 June 2026 | ||||||
| 30-Jun | 30-Jun | 31-Dec | ||||
| 2026 | 2025 | 2025 | ||||
| (Unaudited) | (Unaudited) | (Audited) | ||||
| US$000 | US$000 | US$000 | ||||
| Note | ||||||
| ASSETS | ||||||
| Non-current assets | ||||||
| Intangible assets | 5 | 6,144 | 6,173 | 6,154 | ||
| Goodwill | 2 | 2 | 2 | |||
| Property, plant and equipment | 6 | 1,481 | 1,367 | 1,395 | ||
| 7,627 | 7,542 | 7,551 | ||||
| Current assets | ||||||
| Trade and other receivables | 7 | 23,017 | 1,130 | 632 | ||
| Cash and cash equivalents | 8,015 | 361 | 159 | |||
| 31,032 | 1,491 | 791 | ||||
| TOTAL ASSETS | 38,659 | 9,033 | 8,342 | |||
| LIABILITIES | ||||||
| Current liabilities | ||||||
| Trade and other payables | 8 | 15,911 | 6,671 | 8,709 | ||
| Borrowings | 9 | 3,064 | 135 | 2,937 | ||
| Short-term facility | - | - | 477 | |||
| 18,975 | 6,806 | 12,123 | ||||
| Non-current liabilities | ||||||
| Non-current portion of leases | 8 | 16 | - | - | ||
| Borrowings | 9 | 648 | 608 | 740 | ||
| 664 | 608 | 740 | ||||
| TOTAL LIABILITIES | 19,639 | 7,414 | 12,863 | |||
| EQUITY | ||||||
| Share capital | 254 | 134 | 134 | |||
| Share premium | 60,390 | 24,755 | 24,755 | |||
| Retained earnings | (41,148) | (24,309) | (29,970) | |||
| Translation reserve | (2,204) | (679) | (1,166) | |||
| Share option reserve | 1,738 | 1,730 | 1,738 | |||
| Equity attributable to owners of the parent | 19,030 | 1,630 | (4,509) | |||
| Non-controlling interest | (10) | (11) | (12) | |||
| TOTAL EQUITY | 19,020 | 1,619 | (4,521) | |||
| TOTAL EQUITY AND LIABILITIES | 38,659 | 9,033 | 8,342 | |||
| Share capital and premium | Retained earnings | Other Reserves | Total | Non-controlling interest | Total | |
| US$000 | US$000 | US$000 | US$000 | US$000 | US$000 | |
| Balance as at 1 January 2025 | 23,280 | (21,810) | 1,607 | 3,077 | (10) | 3,067 |
| Share-based payments | - | - | 17 | 17 | - | 17 |
| Offer of shares to public | 1,609 | - | - | 1,609 | - | 1,609 |
| Transactions with owners | 1,609 | - | 17 | 1,626 | - | 1,626 |
| Loss for the period | - | (2,500) | - | (2,500) | - | (2,500) |
| Non-controlling interest share in comprehensive loss | - | 1 | - | 1 | (1) | - |
| Exchange differences on | ||||||
| translation | - | - | (573) | (573) | - | (573) |
| Total comprehensive loss | - | (2,499) | (573) | (3,072) | (1) | (3,073) |
| Balance as at 30 June 2025 | 24,889 | (24,309) | 1,051 | 1,631 | (11) | 1,620 |
| Share-based payments | - | - | 8 | 8 | - | 8 |
| Transactions with owners | 24,889 | (24,309) | 1,059 | 1,639 | (11) | 1,628 |
| Loss for the period | - | (5,662) | - | (5,662) | - | (5,662) |
| Non-controlling interest share in comprehensive loss | - | 1 | - | 1 | (1) | - |
| Exchange differences on | ||||||
| translation | - | - | (487) | (487) | - | (487) |
| Total comprehensive loss | - | (5,661) | (487) | (6,148) | (1) | (6,149) |
| - | ||||||
| Balance as at 1 January 2026 | 24,889 | (29,970) | 572 | (4,509) | (12) | (4,521) |
| Offer of shares to public | 36,239 | - | - | 36,239 | - | 36,239 |
| Costs of issue of new shares | (484) | - | - | (484) | - | (484) |
| Transactions with owners | 35,756 | - | - | 35,756 | - | 35,756 |
| Loss for the period | - | (11,176) | - | (11,176) | - | (11,176) |
| Non-controlling interest share in comprehensive loss | - | (2) | - | (2) | 2 | - |
| Exchange differences on | ||||||
| translation | - | - | (1,038) | (1,038) | - | (1,038) |
| Total comprehensive loss | - | (11,178) | (1,038) | (12,216) | 2 | (12,214) |
| Balance as at 30 June 2026 | 60,645 | (41,148) | (466) | 19,030 | (10) | 19,020 |
| 6 months | 6 months | Year ended | ||||
| to 30 June | to 30 June | 31-Dec | ||||
| 2026 | 2025 | 2025 | ||||
| (Unaudited) | (Unaudited) | (Audited) | ||||
| US$000 | US$000 | US$000 | ||||
| Cash flows from operating activities | ||||||
| Cash used in operating activities - (note 10) | (2,677) | (1,430) | (2,346) | |||
| (2,677) | (1,430) | (2,346) | ||||
| Cash flows from investing activities | ||||||
| Additions to intangible assets | 10 | (163) | (144) | |||
| Additions to property, plant and equipment | (99) | (68) | (111) | |||
| Interest received | 31 | 6 | 19 | |||
| (58) | (225) | (236) | ||||
| Cash flows from financing activities | ||||||
| Proceeds from issue of shares (net of expenses) | 11,281 | 49 | 66 | |||
| Investment fees advanced | - | 2,000 | 2,500 | |||
| Proceeds from borrowings | - | - | 364 | |||
| Finance costs | (113) | (158) | (193) | |||
| Repayment of borrowings | (477) | (67) | (135) | |||
| Repayment of obligations under leases | (12) | (14) | (28) | |||
| 10,679 | 1,810 | 2,574 | ||||
| Net increase/(decrease) in cash and cash equivalents | 7,944 | 155 | (8) | |||
| Cash and cash equivalents at beginning of period | 159 | 167 | 167 | |||
| Exchange gains/(losses) on cash and cash equivalents | 51 | 39 | - | |||
| Cash and cash equivalents at end of period | 8,154 | 361 | 159 | |||
Notes to the Financial Statements
Six months ended 30 June 2026
Nature of operations and general information
ATOME PLC (the Company) is a public company limited by shares and incorporated in England in the United Kingdom under the Companies Act 2006. The address of the Company's registered office is Carrwood Park, Selby Road, Leeds, LS15 4LG. The Company's and its subsidiaries' (the Group) operations and principal activities include planning, development and execution of the projects to produce low carbon fertiliser using renewable energy. The Company is quoted on the AIM market of the London Stock Exchange (ticker: ATOM), and is headquartered in Leeds, UK, with offices in Asunción, Paraguay and Costa Rica.
These condensed consolidated interim financial statements (the interim financial statements) have been approved for issue by the Board of Directors on ● September 2026. The financial information for the six months ended 30 June 2026 and 30 June 2025 was neither audited nor reviewed by the auditor. The Group's audited statutory financial statements for the year ended 31 December 2025 have been filed with the Registrar of Companies. The auditor's report on those financial statements was unqualified, did not include a reference to matters to which the auditors drew attention by way of emphasis except for potential material uncertainty that may arise around the Company's ability to continue as a going concern, and did not contain a statement under section 498(2) or (3) of the Companies Act 2006.
Basis of preparation
The interim financial statements do not include all the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Group for the year ended 31 December 2025, which have been prepared in accordance with UK adopted International Accounting Standards.
These financial statements have been prepared under the historical cost convention, except for any derivative financial instruments which have been measured at fair value. The accounting policies adopted in the 2026 interim financial statements are the same as those adopted in the financial statements for the year ended 31 December 2025, as included in the 2025 Annual report, and which are expected to be adopted in the financial statements for the year ended 31 December 2026.
| 6 months | 6 months | Year ended | |
|---|---|---|---|
| to 30 June | to 30 June | 31 Dec | |
| 2026 | 2025 | 2025 | |
| (Unaudited) | (Unaudited) | (Audited) | |
| US$000 | US$000 | US$000 | |
| 3 Administrative expenses | |||
| Directors' fees and staff costs (including non-executive Directors) | 1,063 | 1,059 | 2,095 |
| Cost of issue for existing shares | 602 | - | - |
| Share-based payments | - | 17 | 25 |
| Depreciation | 14 | 13 | 27 |
| Other | 9,277 | 1,259 | 5,797 |
| 10,956 | 2,348 | 7,945 | |
Other administrative expenses for the six months ended 30 June 2026 totalled US$9.3 million and include debt upfront fees, debt commitment fees, legal and other costs associated with the Villeta Project financing totalling US$8.4 million and payable from the first disbursement of the Project funds.
Notes to the Financial Statements
Six months ended 30 June 2026 - continued
4 Loss per share
Net loss for the period attributable to the
| equity holders of the Parent Company | (11,178) | (2,499) | (8,022) | |
| Number | Number | Number | ||
| '000 | '000 | '000 | ||
| Weighted average number of shares in issue | 57,272 | 47,794 | 49,963 | |
| Loss per share from continuing operations | US cents | US cents | US cents | |
| Basic | (19.52) | (5.23) | (16.33) | |
| Diluted | (19.52) | (5.23) | (16.33) | |
| 5 Intangible Assets | ||||
| Total | ||||
| US$000 | ||||
| Cost | ||||
| At 1 January 2025 | 6,010 | |||
| Additions | 163 | |||
| At 30 June 2025 | 6,173 | |||
| Additions | (19) | |||
| At 1 January 2026 | 6,154 | |||
| Additions | (10) | |||
| At 30 June 2026 | 6,144 | |||
| Net Book Value 30 June 2026 | 6,144 | |||
| Net Book Value 30 June 2025 | 6,173 | |||
| Net Book Value 31 December 2025 | 6,154 | |||
| Notes to the Financial Statements | ||||
| Six months ended 30 June 2026 - continued | ||||
| 6 Property, plant and equipment | ||||
| Land | Leased | Other | ||
| assets | assets | assets | Total | |
| US$000 | US$000 | US$000 | US$000 | |
| Cost | ||||
| At 1 January 2025 | 906 | 56 | 389 | 1,351 |
| Additions | - | - | 68 | 68 |
| At 30 June 2025 | 906 | 56 | 457 | 1,419 |
| Reclassification to other assets | - | - | - | - |
| Additions | - | - | 43 | 43 |
| Disposals | - | - | - | - |
| At 1 January 2026 | 906 | 56 | 500 | 1,462 |
| Additions | - | 53 | 46 | 99 |
| At 30 June 2026 | 906 | 109 | 546 | 1,561 |
| Depreciation | ||||
| At 1 January 2025 | - | 28 | 11 | 39 |
| Charge for the period | - | 13 | - | 13 |
| At 30 June 2025 | - | 41 | 11 | 52 |
| Reclassification to other assets | - | - | - | - |
| Charge for the period | - | 13 | 1 | 14 |
| Disposals | - | - | - | - |
| At 1 January 2026 | - | 54 | 12 | 66 |
| Charge for the period | - | 13 | 1 | 14 |
| At 30 June 2026 | - | 67 | 13 | 80 |
| Net Book Value 30 June 2026 | 906 | 42 | 533 | 1,481 |
| Net Book Value 30 June 2025 | 906 | 15 | 446 | 1,367 |
| Net Book Value 31 December 2025 | 906 | 2 | 487 | 1,395 |
| Notes to the Financial Statements | ||||
| Six months ended 30 June 2026 - continued | ||||
| 6 months | 6 months | Year ended | ||
| to 30 June | to 30 June | 31 Dec | ||
| 2026 | 2025 | 2025 | ||
| (Unaudited) | (Unaudited) | (Audited) | ||
| US$000 | US$000 | US$000 | ||
| 7 Trade and other receivables | ||||
| Outstanding on share issue/fundraise | 22,085 | 562 | - | |
| Other receivables | 606 | 241 | 337 | |
| Prepayments | 326 | 327 | 295 | |
| 23,017 | 1,130 | 632 | ||
| 8 Trade and other payables | ||||
| Current | ||||
| Other payables | 15,885 | 6,655 | 8,707 | |
| Current portion of leases | 26 | 16 | 2 | |
| 15,911 | 6,671 | 8,709 | ||
| Non-current | ||||
| Non-current portion of leases | 17 | - | - | |
| 17 | - | - | ||
| 15,928 | 6,671 | 8,709 | ||
| 6 months | 6 months | Year ended | ||
| to 30 June | to 30 June | 31 Dec | ||
| 2026 | 2025 | 2025 | ||
| (Unaudited) | (Unaudited) | (Audited) | ||
| US$000 | US$000 | US$000 | ||
| 9 Borrowings | ||||
| Current | ||||
| Current bank loans | 198 | 135 | 185 | |
| Other loan due < 1 year | 2,866 | - | 2,752 | |
| 3,064 | 135 | 2,937 | ||
| Non-current | ||||
| Bank loans/other loan due > 1 year | 648 | 608 | 3,348 | |
| Current and non-current borrowings | 3,711 | 743 | 3,677 | |
| Short Term Facility | ||||
| Loan from IYA Global Limited | - | - | 477 | |
| - | - | 477 | ||
Notes to the Financial Statements
Six months ended 30 June 2026 - continued
- Reconciliation of operating profit to net cash outflow from operating activities
| 6 months | 6 months | Year ended | |
|---|---|---|---|
| to 30 June | to 30 June | 31 Dec | |
| 2026 | 2025 | 2025 | |
| (Unaudited) | (Unaudited) | (Audited) | |
| US$000 | US$000 | US$000 | |
| Loss from operations before taxation | (10,956) | (2,534) | (7,945) |
| Interest accretion on lease liability | 2 | 1 | 1 |
| Depreciation and impairment of property, plant | - | - | (3) |
| and equipment | 14 | 13 | 27 |
| Foreign exchange difference | (616) | (476) | (1,018) |
| Placing costs expensed | 602 | - | - |
| Payments in kind for shares placed | 1,516 | 1,496 | 2,049 |
| Share-based payments | - | 17 | 25 |
| Operating cash flows before movements in | |||
| working capital | (9,438) | (1,483) | (6,864) |
| Decrease/(increase) in receivables | (299) | (262) | (326) |
| Increase/(decrease) in short-term facility | - | - | 477 |
| Increase/(decrease) in payables | 7,060 | 315 | 4,367 |
| Net cash used in operating activities | (2,677) | (1,430) | (2,346) |
Capital commitments
The Group's outstanding capital commitments in relation to its projects totalled US$845 thousand as at 30 June 2026.
Share capital
In April 2026, the Company issued 44,986,378 new ordinary shares ("Subscription Shares") at a price of £0.60 per share being approximately a 0.8% discount to the middle market price of the shares of the company as at the close of business on 09 April 2026. Gross proceeds totalled US$36.44 million, of which $17 million is to be subscribed by ATOME for preferred shares in Atome Paraguay, $1.3 million was offset against amounts payable to directors, employees and certain contractors and advisors, the balance of US$6.2m being added to share receivables which is being settled in cash and in kind.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.