Harvest Minerals Limited

HMI · AIM · Chemicals · mcap £1.4m · 0.2p

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Financials · LTM to 30 Jun 26

Source: results 30 Sep 26 ↗

Going-concern uncertainty

Revenue: £912k
Operating profit: –
Net income: −£2.2m
Free cash flow: −£403k
Net debt: £2.1m
Market cap: £1.4m
EV / EBIT: –
FCF yield: −29.7%
Price / book: –

Latest half-year · H1 26 vs H1 25 results 30 Sep 26 ↗

Revenue: £454k
Net income: −£870k
Cash from operations: −£339k

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

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	FY 25 source	FY 24 source
Consolidated
Revenue from fertiliser sales	1,750,597	2,648,815
Cost of goods sold	(1,380,819)	(2,558,275)
Gross profit	369,778	90,540
Interest income	46,339	35,118
Other income	-	373
Gain on sale of motor vehicle	26,908	-
Foreign exchange (loss) / gain	(30,589)	27,644
Accounting fees	(168,842)	(164,673)
Audit and tax fees	(80,179)	(113,770)
Advertising fees	(102,374)	(116,331)
Consultant's fees	(29,188)	(56,813)
Director's fees	(751,025)	(576,970)
Depreciation	(216,790)	(220,895)
Legal fees	(82,151)	(13,093)
Wages & salaries	(256,482)	(270,882)
Interest expense	(563,667)	(441,230)
Public company costs	(208,994)	(302,601)
Travel expenses	(167,244)	(275,018)
Other expenses	(594,011)	(529,076)
Exploration expense	(6,679)	(32,722)
Impairment trade receivable expense	(57,643)	(703,921)
Impairment of Arapua project assets	(2,918,685)	-
Loss from continuing operations before income tax	(5,791,518)	(3,664,320)
Income tax expense	(3,779)	(2,353)
Loss from continuing operations after income tax	(5,795,297)	(3,666,673)
Net loss for the year	(5,795,297)	(3,666,673)
Other comprehensive income / (loss)
Item that may be reclassified subsequently to profit or loss
Foreign currency translation	245,912	(956,317)
Other comprehensive income / (loss) for the year	245,912	(956,317)
Total comprehensive loss for the year	(5,549,385)	(4,622,990)
Basic and diluted loss per share (cents per share)	(1.45)	(1.53)

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	H1 26 source	H2 25 calc.	H1 25 source
Consolidated
Revenue from fertiliser sales	610,415	1,234,064	516,533
Cost of goods sold	(740,356)	(757,742)	(623,077)
Gross loss	(129,941)	476,322	(106,544)
Interest income	-	21,181	25,158
Debt forgiveness	279,618	–	-
Loss on sale of motor vehicle	(26,865)	–	-
Foreign exchange gain/(loss)	(23,731)	(27,697)	(2,892)
Accounting fees	(97,876)	(71,624)	(97,218)
Audit and tax fees	(9,635)	(36,622)	(43,557)
Advertising fees	(73,128)	(42,246)	(60,128)
Consultants’ fees	(8,832)	–	(4,721)
Directors’ fees	(292,919)	–	(431,999)
Depreciation	(106,381)	(108,843)	(107,947)
Legal fees	(2,630)	(78,996)	(3,155)
Wages & salaries	(86,031)	(145,889)	(110,593)
Interest expense	(331,827)	(248,919)	(314,748)
Public company costs	(85,038)	(98,533)	(110,461)
Travel expenses	(88,072)	(93,171)	(74,073)
Impairment expense trade receivable	-	–	(184,025)
Impairment exploration expense	-	–	(107,500)
Other expenses	(82,629)	(350,512)	(243,499)
Loss from continuing operations before income tax	(1,165,917)	(3,813,616)	(1,977,902)
Income tax expense	(4,105)	(1,554)	(2,225)
Loss from continuing operations after income tax	(1,170,022)	(3,815,170)	(1,980,127)
Other comprehensive income
Item that may be reclassified subsequently to profit or loss
Foreign currency translation	(10,025)	(53,248)	299,160
Other comprehensive income for the half-year	(10,025)	–	299,160
Total comprehensive loss for the half-year	(1,180,047)	–	(1,680,967)
Loss per share
Basic and diluted loss per share (cents per share)	(0.23)	(0.78)	(0.67)

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	30 Jun 26 source	31 Dec 25 source	31 Dec 24 source
Consolidated
Assets
Current Assets
Cash and cash equivalents	652,682	1,152,067	1,013,410
Trade and other receivables	614,246	266,401	481,074
Inventories	251,009	312,094	686,037
Total Current Assets	1,517,937	1,730,562	2,180,521
Non-Current Assets
Trade and other receivables	202,533	409,097	399,219
Investments 8 / 16	–	-	310,859
Plant and equipment	1,114,336	1,286,610	2,727,361
Mine properties	1,598,517	1,673,483	3,359,270
Deferred exploration and evaluation expenditure	52,824	51,435	96,366
Total Non-Current Assets	2,968,210	3,420,625	6,893,075
Total Assets	4,486,147	5,151,187	9,073,596
Current Liabilities
Trade and other payables	1,474,556	1,041,655	1,026,103
Borrowings	1,415,616	1,378,930	1,856,489
Total Current Liabilities	2,890,172	2,420,585	2,882,592
Non-Current Liabilities
Provisions	464,258	448,353	363,344
Borrowings	2,047,671	2,018,156	1,313,135
Total Non-Current Liabilities	2,511,929	2,466,509	1,676,479
Total Liabilities	5,402,101	4,887,094	4,559,071
NET ASSETS	–	264,093	4,514,525
Net (Liabilities) /Assets	(915,954)	–	–
Equity
Contributed equity	46,432,123	46,432,123	45,133,170
Reserves	(1,041,408)	1,051,433	805,521
Accumulated losses	(48,389,485)	(47,219,463)	(41,424,166)
TOTAL EQUITY	–	264,093	4,514,525
Total (Deficiency)/Equity	(915,954)	–	–

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	30 Jun 26 source	31 Dec 25 source	31 Dec 24 source
Consolidated
Assets
Current Assets
Cash and cash equivalents	652,682	1,152,067	1,013,410
Trade and other receivables	614,246	266,401	481,074
Inventories	251,009	312,094	686,037
Total Current Assets	1,517,937	1,730,562	2,180,521
Non-Current Assets
Trade and other receivables	202,533	409,097	399,219
Investments 8 / 16	–	-	310,859
Plant and equipment	1,114,336	1,286,610	2,727,361
Mine properties	1,598,517	1,673,483	3,359,270
Deferred exploration and evaluation expenditure	52,824	51,435	96,366
Total Non-Current Assets	2,968,210	3,420,625	6,893,075
Total Assets	4,486,147	5,151,187	9,073,596
Current Liabilities
Trade and other payables	1,474,556	1,041,655	1,026,103
Borrowings	1,415,616	1,378,930	1,856,489
Total Current Liabilities	2,890,172	2,420,585	2,882,592
Non-Current Liabilities
Provisions	464,258	448,353	363,344
Borrowings	2,047,671	2,018,156	1,313,135
Total Non-Current Liabilities	2,511,929	2,466,509	1,676,479
Total Liabilities	5,402,101	4,887,094	4,559,071
NET ASSETS	–	264,093	4,514,525
Net (Liabilities) /Assets	(915,954)	–	–
Equity
Contributed equity	46,432,123	46,432,123	45,133,170
Reserves	(1,041,408)	1,051,433	805,521
Accumulated losses	(48,389,485)	(47,219,463)	(41,424,166)
TOTAL EQUITY	–	264,093	4,514,525
Total (Deficiency)/Equity	(915,954)	–	–

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	FY 25 source	FY 24 source
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers	1,816,863	2,110,863
Payments to suppliers and employees	(1,779,065)	(2,098,281)
Interest paid	(610,726)	(441,230)
Interest income received	46,339	35,118
NET CASH USED IN OPERATING ACTIVITIES	(526,589)	(393,530)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of plant and equipment	(98,514)	(11,706)
Proceeds from sale of fixed assets	26,908	-
NET CASH USED IN INVESTING ACTIVITIES	(71,606)	(11,706)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from share issue, net of share issue costs	582,892	520,327
Proceeds from borrowings	704,914	1,065,876
Repayment of borrowings	(576,895)	(726,603)
NET CASH PROVIDED BY FINANCING ACTIVITIES	710,911	859,600
Net increase/(decrease) in cash held	112,716	454,364
Cash and cash equivalents at beginning of year	1,013,410	795,554
Effect of exchange rate fluctuations on cash held	25,941	(236,508)
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR	1,152,067	1,013,410

Reported in US$ as the company published it. The key figures convert to £ at the rate of each period.

	H1 26 source	H2 25 calc.	H1 25 source
Consolidated
Cash flows from operating activities
Receipts from customers	479,214	1,122,936	693,927
Payments to suppliers and employees	(930,245)	(881,805)	(897,260)
Interest received	-	–	25,158
Interest paid	(5,333)	(475,359)	(135,367)
Net cash outflow from operating activities	(456,364)	–	(313,542)
Cash flows from investing activities
Purchase of plant and equipment	-	3,567	(102,081)
Net cash outflow from investing activities	-	–	(102,081)
Cash flows from financing activities
Proceeds from borrowings	-	423,452	281,462
Repayment of borrowings	(70,170)	(184,863)	(392,032)
Net cash outflow from financing activities	(70,170)	–	(110,570)
Net decrease in cash and cash equivalents	(526,534)	–	(526,193)
Cash and cash equivalents at beginning of period	1,152,067	–	1,013,410
Effect of exchange rate fluctuations on cash held	27,149	(21,305)	47,246
Cash and cash equivalents at the end of the period	652,682	–	534,463

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	0.9	0.9	1.4
Gross profit	0.2	0.2	0.0
Operating profit to net income
Finance costs	(0.3)	(0.3)	(0.2)
Profit before tax	(2.2)	(2.8)	(1.9)
Tax	(0.0)	(0.0)	(0.0)
Net income (owners)	(2.2)	(2.8)	(1.9)
Per share
EPS basic	(0.4p)	(0.7p)	(0.8p)
EPS diluted	(0.4p)	(0.7p)	(0.8p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	0.5	+14%	0.5	0.4
Gross profit	(0.1)	n/m	0.3	(0.1)
Operating profit to net income
Finance costs	(0.2)	+2%	(0.0)	(0.2)
Profit before tax	(0.9)	n/m	(1.3)	(1.5)
Tax	(0.0)	n/m	(0.0)	(0.0)
Net income (owners)	(0.9)	n/m	(1.3)	(1.5)
Per share
EPS basic	(0.2p)	–	(0.2p)	(0.5p)
EPS diluted	(0.2p)	–	(0.2p)	(0.5p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(0.4)	(0.3)	(0.2)
Interest paid	(0.2)	(0.3)	(0.2)
Investing activities
Capex (PP&E)	–	(0.0)	(0.0)
Financing activities
Shares issued	–	0.3	0.3

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(0.3)	n/m	(0.0)	(0.2)
Interest paid	(0.0)	−96%	(0.2)	(0.1)
Investing activities
Capex (PP&E)	–	–	0.0	(0.1)

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Property, plant & equipment	0.8	1.0^r	1.4
Non-current assets	2.2	2.5	3.4
Current assets
Inventories	0.2	0.2^r	0.3
Trade receivables	0.5	0.2^r	0.2
Cash	0.5	0.9^r	0.5
Current assets	1.1	1.3^r	1.1
Total assets	3.4	3.8^r	4.5
Current liabilities
Trade payables	1.1	0.8^r	0.5
Borrowings, current	1.1	1.0^r	0.9
Current liabilities	2.2	1.8^r	1.4
Non-current liabilities
Borrowings, non-current	1.5	1.5^r	0.7
Non-current liabilities	1.9	1.8	0.8
Total liabilities	4.1	3.6^r	2.3
Equity
Total equity	(0.7)	0.2^r	2.2

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Property, plant & equipment	0.8	1.0^r	1.4
Non-current assets	2.2	2.5	3.4
Current assets
Inventories	0.2	0.2^r	0.3
Trade receivables	0.5	0.2^r	0.2
Cash	0.5	0.9^r	0.5
Current assets	1.1	1.3^r	1.1
Total assets	3.4	3.8^r	4.5
Current liabilities
Trade payables	1.1	0.8^r	0.5
Borrowings, current	1.1	1.0^r	0.9
Current liabilities	2.2	1.8^r	1.4
Non-current liabilities
Borrowings, non-current	1.5	1.5^r	0.7
Non-current liabilities	1.9	1.8	0.8
Total liabilities	4.1	3.6^r	2.3
Equity
Total equity	(0.7)	0.2^r	2.2

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

Company filings. Not investment advice.