Corcel

CRCL · AIM · Energy · mcap £42m · 0.4p

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Financials · LTM to 31 Dec 25

Source: results 30 Mar 26 ↗

Revenue: –
Operating profit: –
Net income: −£8.0m
Free cash flow: −£4.9m
Net cash: £5.2m
Market cap: £41.5m
EV / EBIT: –
FCF yield: −11.8%
Price / book: 4.7×

Latest half-year · H1 Dec 25 vs H1 Dec 24 results 30 Mar 26 ↗

Net income: −£2.9m
Cash from operations: −£2.7m

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

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 Dec 25 (six months to 31 Dec 25), published 30 Mar 26 · read the results ↗

Source ↗

	2025 Unaudited, £'000	2024 Unaudited, £'000
Administrative expenses	(2,806)	(1,321)
Project expenses	(113)	(168)
Foreign currency (loss)/gain	(50)	(289)
Other income	60	-
Finance (costs)/income, net	(14)	84
Loss for the period before taxation	(2,923)	(1,694)
Tax expense	-	-
Loss for the period after taxation	(2,923)	(1,694)
Earnings per share
Loss per share - basic, pence	(0.05)	(0.05)
Loss per share - diluted, pence	(0.05)	(0.05)

Source ↗

	31 December 2025 Unaudited, £'000	30 June 2025 Audited, £'000	31 December 2024 Unaudited, £'000
ASSETS
Non-current assets
Exploration and evaluation assets	7,970	6,806	8,544
Property, plant and equipment	14	13	11
FVTOCI financial assets	1	1	1
Other receivables	261	270	183
Total non-current assets	8,246	7,090	8,739
Current assets
Cash and cash equivalents	5,183	507	222
Trade and other receivables	229	716	1,021
Total current assets	5,412	1,223	1,243
Assets held for sale	-	-	2,975
TOTAL ASSETS	13,658	8,313	12,957
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Called up share capital	3,559	3,266	3,087
Share premium account	42,764	34,861	32,385
Other reserves	3,245	2,903	3,072
Retained earnings	(40,686)	(37,763)	(32,674)
Total equity	8,882	3,267	5,870
LIABILITIES
Non-current liabilities
Trade and other payables	2,570	-	-
Total Non-current liabilities	2,570	-	-
Current liabilities
Trade and other payables	2,190	4,491	5,673
Short term borrowings	16	555	1,414
Total current liabilities	2,206	5,046	7,087
TOTAL EQUITY AND LIABILITIES	13,658	8,313	12,957

Source ↗

	2025 Unaudited £'000	2024 Unaudited £'000
Cash flows from operating activities
(Loss)/profit before taxation	(2,923)	(1,694)
(Increase)/decrease in receivables	(13)	55
Increase in payables	(107)	883
Depreciation	-	-
Share-based payments	304	25
(Gain)/loss on foreign exchange	50	1
Finance cost, net	14	(84)
Equity settled transactions	-	217
Net cash flows from operations	(2,675)	(597)
Cash flows from investing activities
Investment in exploration and evaluation assets	(844)	(574)
Purchase of property, plant and equipment	(1)	(3)
Net cash flows from investing activities	(845)	(577)
Cash flows from financing activities
Proceeds from issue of shares	8,196	1,192
Proceeds of new borrowings, as received net of associated fees	-	-
Repayment of borrowings	(42)	(57)
Net cash flows from financing activities	8,154	1,135
Net increase/decrease in cash and cash equivalents	4,634	(39)
Cash and cash equivalents at the beginning of period	507	268
Effects of foreign exchange translation on currency holdings	42	(7)
Cash and cash equivalents at end of period	5,183	222

Source ↗

	2025 £'000	2024 £'000
Project expenses	(123)	(144)
Impairment of loans and receivables	(105)	-
Impairment of mineral tenements	(179)	-
Impairment of E&E asset	-	(220)
Administrative expenses	(3,127)	(2,572)
Foreign currency (loss)/gain	(247)	14
Other income	452	43
Finance costs	(257)	(129)
Loss for the year before taxation	(3,586)	(3,008)
Taxation	-	-
Loss for the year from continuing operations	(3,586)	(3,008)
Loss for the year from discontinued operations	(3,197)	(27)
Total loss for the year	(6,783)	(3,035)
Loss for the year attributable to
Equity holders of the Parent	(6,783)	(3,035)
Non-controlling interest	-	-
Total loss for the year attributable to	(6,783)	(3,035)
Earnings per share attributable to owners of the Parent
Basic and diluted	(0.17) pence	(0.2) pence
Basic and diluted (continuing operations)	(0.09) pence	(0.2) pence
Basic and diluted (discontinued operations)	(0.08) pence	(0.0) pence

Source ↗

	2025 £'000	2024 £'000
ASSETS
Non-current assets
Exploration & evaluation assets	6,806	7,713
Property, plant and equipment	13	8
Financial instruments - fair value through other comprehensive income (FVTOCI)	1	1
Other receivables	270	173
Total non-current assets	7,090	7,895
Current assets
Cash and cash equivalents	507	268
Trade and other receivables	716	917
Total current assets	1,223	1,185
Assets held for sale	-	2,975
Total assets	8,313	12,055
EQUITY AND LIABILITIES
Equity attributable to owners of the Parent
Called up share capital	3,266	2,953
Share premium account	34,861	31,110
Other reserves	2,903	2,802
Retained earnings	(37,763)	(30,980)
Total equity attributable to owners of the Parent	3,267	5,885
Total equity	3,267	5,885
LIABILITIES
Current liabilities
Trade and other payables	4,491	4,840
Short-term borrowings	555	1,330
Total current liabilities	5,046	6,170
Total equity and liabilities	8,313	12,055

Source ↗

	2025 £'000	2024 £'000
Cash flows from operating activities (Continuing and discontinued operations)
Loss before taxation	(6,783)	(3,035)
Impairment of investments in joint ventures and financial instruments held at fair value through profit and loss (FVTPL)	-	220
Impairment of assets held for sale	2,975	-
Impairment of mineral tenements	179	-
Impairment of loans and receivables	140	-
Depreciation	-	1
Finance cost, net (Note	257	129
Share-based payments	384	294
Equity settled expenses	181	12
Other income	(452)	-
Decrease in receivables	81	121
Decrease in payables	(79)	(181)
Unrealised foreign exchange	299	(4)
Net cash outflow from operations (Continuing and discontinued operations)	(2,818)	(2,443)
Cash flows from investing activities (Continuing and discontinued operations)
Purchase of property, plant and equipment	-	(8)
Investment in debt instrument	(270)	-
Expenditure on exploration & evaluation assets (Note	(710)	(1,601)
Proceeds from disposal of Subsidiaries	-	268
Proceeds from sale of E&E assets	376	-
Proceeds from the partial disposal of assets held for sale (Note	-	116
Net cash outflow from investing activities (Continuing and discontinued operations)	(604)	(1,225)
Cash flows from financing activities (Continuing and discontinued operations)
Proceeds from issue of shares net of issue costs	3,843	1,823
Proceeds of new borrowings, as received net of associated fees (Note	72	2,344
Repayment of borrowings (Note	(148)	(471)
Interest paid	(93)	-
Net cash inflow from financing activities (Continuing and discontinued operations)	3,674	3,696
Net increase in cash and cash equivalents (Continuing and discontinued operations)	252	28
Cash and cash equivalents at the beginning of year	268	257
Foreign exchange on translation of foreign currency	(13)	(17)
Cash and cash equivalents at end of year (Continuing and discontinued operations)	507	268

	LTM Dec 25	FY Jun 25	FY Jun 24
Revenue to operating profit
Share-based payments	0.7	0.4	0.3
Operating profit to net income
Finance costs	(0.4)	(0.3)	(0.1)
Profit before tax	(4.8)	(3.6)	(3.0)
Net income (owners)	(8.0)	(6.8)	(3.0)
Discontinued operations	–	(3.2)	(0.0)
Per share
EPS basic	(0.2p)	(0.2p)	(0.2p)
EPS diluted	(0.2p)	(0.2p)	(0.2p)

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue to operating profit
Share-based payments	0.3	n/m	0.4	0.0
Operating profit to net income
Finance costs	(0.0)	n/m	(0.3)	0.1
Profit before tax	(2.9)	n/m	(1.9)	(1.7)
Tax	0.0	n/m	–	0.0
Net income (owners)	(2.9)	n/m	(5.1)	(1.7)
Per share
EPS basic	(0.1p)	–	(0.1p)	(0.1p)
EPS diluted	(0.1p)	–	(0.1p)	(0.1p)

	LTM Dec 25	FY Jun 25	FY Jun 24
Operating activities
Cash from operations	(4.9)	(2.8)	(2.4)
Interest paid	–	(0.1)	–
Investing activities
Capex (PP&E)	–	–	(0.0)
Financing activities
Shares issued	10.8	3.8	1.8

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Operating activities
Cash from operations	(2.7)	n/m	(2.2)	(0.6)
Investing activities
Capex (PP&E)	(0.0)	n/m	–	(0.0)
Financing activities
Shares issued	8.2	n/m	2.7	1.2

	31 Dec 25	30 Jun 25	30 Jun 24
Non-current assets
Other intangibles	8.0	6.8	–
Property, plant & equipment	0.0	0.0	0.0
Other investments	0.0	0.0	–
Non-current assets	8.2	7.1	10.9
Current assets
Trade receivables	0.2	0.7	0.9
Cash	5.2	0.5	0.3
Current assets	5.4	1.2	1.2
Total assets	13.7	8.3	12.1
Current liabilities
Trade payables	2.2	4.5	4.8
Borrowings, current	0.0	0.6	1.3
Current liabilities	2.2	5.0	6.2
Equity
Total equity	8.9	3.3	5.9

	31 Dec 25	30 Jun 25	31 Dec 24	30 Jun 24
Non-current assets
Other intangibles	8.0	6.8	8.5	–
Property, plant & equipment	0.0	0.0	0.0	0.0
Other investments	0.0	0.0	0.0	–
Non-current assets	8.2	7.1	11.7	10.9
Current assets
Trade receivables	0.2	0.7	1.0	0.9
Cash	5.2	0.5	0.2	0.3
Current assets	5.4	1.2	1.2	1.2
Total assets	13.7	8.3	13.0	12.1
Current liabilities
Trade payables	2.2	4.5	5.7	4.8
Borrowings, current	0.0	0.6	1.4	1.3
Current liabilities	2.2	5.0	7.1	6.2
Equity
Total equity	8.9	3.3	5.9	5.9

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

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Company filings. Not investment advice.