Jubilee Metals Group

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Financials · balance sheet 31 Dec 25 · last twelve months · today’s market value

Source: results 31 Mar 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £64.0m
Owner’s net cash: −£1.1m
Net cash / market cap: -2%
EV ex leases: £68.0m
Revenue: £11.7m
Operating profit: −£19.8m
Free cash flow after leases: −£5.0m
FCF yield: -7.9%
Price / tangible book: 0.53×
ROCE: -10%
Net income (owners): −£33.2m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. 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 – figures the company reported in USD are converted to £ at the average rate of each period (balance sheets: at the date); 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.

Trading update 14 Sep 266 figures since the last report

FY2026 copper production increased significantly; Roan operations stable; Molefe mine ramping up; Sable refinery output grew 17.5%.

Combined copper production prior to refining (Roan + Molefe)3,739t vs 1,149t FY2025
Combined copper delivered to Sable for refining1,342t vs not directly comparable
Cathode production at Sable1,207t vs 1,028t FY2025
High-grade ROM dispatched to Sable from Molefe345t vs production commenced September 2025
Low-grade ROM stockpiled at Molefe571t
Meters drilled in phase 2 resource drilling1,801m

As stated by the company, unaudited. Read it →

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

Source ↗

	Unaudited H1 FY2026	Unaudited H1 FY2025	Audited FY2025
Assets
Non-current assets
Property, plant and equipment	116,308,002	108,539,466	100,517,232
Intangible assets	86,907,045	104,969,558	84,417,191
Other financial assets	63,439,041	20,187,588	19,943,292
Non-current inventory	1,754,436	16,251,058	1,634,915
Deferred tax	7,204,778	7,762,080	7,176,223
Total non-current assets	275,613,302	257,709,750	213,688,853
Current assets
Inventories	2,356,207	38,291,683	3,054,794
Other financial assets	26,640,000	428,219	-
Tax assets	468,814	586,783	406,449
Trade and other receivables	34,657,997	64,742,704	34,678,097
Contract assets	38,514	56,617,291	-
Cash and cash equivalents	11,499,061	8,369,770	4,588,767
Total current assets	75,660,593	169,036,450	42,728,107
Disposal Group assets held for sale	-	-	155,255,633
Total assets	351,273,895	426,746,200	411,672,593
Equity and liabilities
Share capital	272,665,708	265,499,852	272,665,708
Reserves	(27,086,580)	(69,480,578)	(42,176,913)
Retained income	(557,266)	42,561,297	10,180,020
Total equity before non-controlling interest	245,021,862	238,580,571	240,668,815
Non-controlling interest	3,963,306	4,589,628	5,166,338
Total equity	248,985,168	243,170,199	245,835,153
Non-current liabilities
Other financial liabilities	8,267,540	-	-
Lease liabilities	-	2,760,482	-
Deferred tax liability	10,189,518	17,771,313	9,473,900
Long-term provisions	1,733,369	804,170	1,615,283
Total non-current liabilities	20,190,427	21,335,965	11,089,183
Current liabilities
Other financial liabilities	3,457,797	2,139,529	2,050,000
Trade and other payables	19,271,772	120,989,361	20,193,793
Metal trade facilities	43,446,963	-	33,946,964
Banking facilities	12,989,748	34,531,679	17,643,449
Current tax payable	2,152,350	3,733,560	2,635,438
Lease liabilities	779,670	845,907	791,072
Total current liabilities	82,098,300	162,240,036	77,260,716
Disposal Group liabilities held for sale	-	-	77,487,541
Total liabilities	102,288,728	183,576,001	165,837,440
Total equity and liabilities	351,273,895	426,746,200	411,672,593

Source ↗

	Unaudited H1 FY2026	Unaudited H1 FY2025	Audited FY2025
Cash flow from operating activities
(Loss)/profit before taxation - continued operations	(4,307,660)	1,524,230	(28,511,648)
Loss before taxation - discontinued operations	(2,742,384)	-	(1,364,350)
(Loss)/profit before taxation	(7,050,044)	1,524,230	(29,875,998)
Adjustments for
Depreciation, amortisation and impairments - continuing operations	2,929,124	7,558,530	15,187,757
Depreciation, amortisation and impairments - discontinued operations	-	-	8,872,667
Profit on sale of non-current assets held for sale (Disposal Group)	(3,613,793)	-	-
(Loss)/profit on sale of fixed assets	(238,387)	1,947	1,917
Interest received -continuing operations	(25,960)	(552,351)	(842,622)
Interest received - discontinued operations	-	-	(171,012)
Finance costs - continuing operations	2,907,229	5,097,008	4,414,135
Finance costs - discontinued operations	-	-	6,780,483
Share-based payments	855,005	(98,048)	959,338
Fair value adjustments - continuing operations	850,900	-	(51,878)
Fair value adjustment - discontinued operations	5,060,578	297,799	12,296,749
Other movements	-	756,086	682,305
Effect of exchange rate movement on cash balances	118,080	(128,808)	(2,152,660)
Changes in working capital
- Inventories	579,069	(5,962,218)	2,188,435
- Trade and other receivables	(9,414,974)	(25,071,150)	(1,587,628)
- Trade and other payables	18,437,827	20,436,520	8,940,795
Cash generated from operations	11,394,653	3,859,545	25,642,783
Interest income-continuing operations	25,960	552,351	842,622
Interest income-discontinued operations	-	-	171,012
Finance costs-continuing operations	(2,907,229)	(5,097,008)	(4,414,135)
Finance costs-discontinued operations	-	-	(6,780,483)
Taxation paid	(1,605,011)	(887,701)	(3,457,959)
Net cash generated from/(used in) operating activities	6,908,373	(1,572,813)	12,003,840
Cash flow from investing activities
Purchase of property, plant and equipment	(11,486,551)	(11,241,587)	(24,808,697)
Purchase of intangible assets	(202,249)	(5,272,781)	(7,001,875)
Increase in other financial assets	17,340,093	(1,702,255)	-
Proceeds from sale of investment in subsidiary	261,142	-	-
Net cash from investing activities	5,912,435	(18,216,623)	(31,810,572)
Cash flow from financing activities
Proceeds from share issues net of costs	-	307,226	307,226
(Repayment of)/proceeds from credit facilities	(4,653,701)	11,219,762	(5,668,467)
Decrease in other financial liabilities	-	(2,611,526)	(2,701,055)
Lease payments	(11,403)	(410,134)	(592,010)
Net cash from financing activities	(4,665,104)	8,505,328	(8,654,306)
Net movement in cash and cash equivalents	8,155,703	(11,284,109)	(28,461,038)
Cash and cash equivalents at the beginning of the period	4,588,767	19,322,996	19,322,996
Effect of foreign exchange on cash and cash equivalents	(1,245,409)	330,883	(191,848)
Total cash and cash equivalents of the Disposal Group	-	-	13,918,658
Cash and cash equivalents at the end of the period	11,499,061	8,369,770	4,588,767

Source ↗

	2025	2024
Continuing operations
Revenue	15,175,686	18,487,721
Cost of sales	(15,501,336)	(11,398,468)
Gross profit	(325,650)	7,089,253
Operating expenses	(25,266,883)	(9,540,738)
Operating loss	(25,592,533)	(2,451,485)
Investment revenue	842,622	1,161,635
Fair value adjustments	652,398	3,639,604
Finance costs	(4,414,135)	(1,810,989)
(Loss)/profit before taxation	(28,511,648)	538,765
Taxation	3,280,002	744,260
(Loss)/profit for the year from continuing operations	(25,231,646)	1,283,025
Discontinued operations
(Loss)/Profit from discontinued operations	(4,528,771)	5,104,879
(Loss)/profit for the year	(29,760,417)	6,387,904
(Loss)/earnings for the year attributable to
Owners of the Parent	(30,322,163)	5,954,898
Non-controlling interest	561,746	433,006
(Loss)/profit for the year	(29,760,417)	6,387,904
Basic (loss)/earnings per share (US$ cents) - continuing operations	(0.85)	0.03
Basic (loss)/earnings per share (US$ cents) - discontinued operations	(0.15)	0.18
Basic (loss)/earnings per share (US$ cents)	(1.00)	0.21
Diluted earnings per share (US$ cents) - continuing operations	(0.85)	0.03
Diluted earnings per share (US$ cents) - discontinued operations	(0.15)	0.17
Diluted basic (loss)/earnings per share (US$ cents)	(1.00)	0.20

Source ↗

	2025	2024
Assets
Non-current assets
Property, plant and equipment	100,517,232	114,520,955
Intangible assets	84,417,191	106,652,664
Other financial assets	19,943,292	19,102,411
Inventories	1,634,915	17,015,084
Deferred tax	7,176,223	6,013,455
Total non-current assets	213,688,853	263,304,569
Current assets
Derivative financial instruments	-	552,109
Inventories	3,054,794	32,329,465
Tax assets	406,449	1,133,583
Trade and other receivables	34,678,097	64,305,137
Contract assets	-	33,013,201
Cash and cash equivalents	4,588,767	19,322,996
Total current assets	42,728,107	150,656,491
Disposal Group assets held for sale	155,255,633	-
Total assets	411,672,593	413,961,060
Equity and liabilities
Equity attributable to equity holders of the parent
Share capital and share premium	272,665,708	264,953,093
Reserves	(42,176,913)	(50,850,393)
Accumulated profit/(loss)	10,180,020	40,365,168
Total equity attributable to equity holders of the parent	240,668,815	254,467,868
Non-controlling interest	5,166,338	4,495,849
Total equity	245,835,153	258,963,717
Liabilities
Non-current liabilities
Deferred tax liability	9,473,900	18,208,504
Provisions	1,615,283	932,978
Total non-current liabilities	11,089,183	21,661,750
Current liabilities
Other financial liabilities	2,050,000	4,751,055
Trade and other payables	20,193,793	74,791,056
Metal trade facilities	33,946,964	14,500,000
Contract Liabilities	-	25,761,787
Banking facilities	17,643,449	23,311,917
Current tax liabilities	2,635,438	4,057,888
Lease liabilities	791,072	661,890
Total current liabilities	77,260,716	133,335,593
Disposal Group liabilities held for sale	77,487,541	-
Total liabilities	165,837,440	154,997,343
Total equity and liabilities	411,672,593	413,961,060

Source ↗

	2025	2024
Cash flows from operating activities
Cash generated from operations	25,642,783	27,456,942
Interest income-continuing operations	842,622	1,161,635
Interest income-discontinued operations	171,012	888,841
Finance costs-continuing operations	(4,414,135)	(1,810,989)
Finance costs-discontinued operations	(6,780,483)	(7,022,096)
Taxation paid	(3,457,959)	(3,040,154)
Net cash from operating activities	12,003,840	17,634,179
Cash flows from investing activities
Purchase of property, plant and equipment	(24,808,697)	(29,060,724)
Purchase of intangible assets	(7,001,875)	(9,801,272)
Increase in other financial assets	-	(763,702)
Business combination	-	(250,000)
Net cash from investing activities	(31,810,572)	(39,875,698)
Cash flows from financing activities
Net proceeds on share issues	307,226	16,213,497
(Repayment of)/proceeds from revolving credit facilities	(5,668,467)	5,369,179
(Decrease)/increase in other financial liabilities	(2,701,055)	4,751,055
Lease payments	(592,010)	(490,541)
Net cash from financing activities	(8,654,306)	25,843,190
Total cash movement for the year	(28,461,038)	3,601,671
Total cash at the beginning of the year	19,322,996	15,948,657
Effect of exchange rate movement on cash balances	(191,848)	(227,332)
Total cash and cash equivalents of the Disposal Group	13,918,658	-
Total cash at the end of the year	4,588,767	19,322,996

	LTM Dec 25	FY Jun 25	FY Jun 24
Revenue to operating profit
Revenue	–	11.7	14.7
Gross profit	–	(0.3)	5.6
Adjusted EBITDA	–	13.8	20.0
EBITDA	–	12.9	22.0
Operating profit	–	(19.8)	(1.9)
Share-based payments	1.5	0.7	1.7
Operating profit to net income
Fair value gains / losses	–	0.5	2.9
Finance costs	–	(3.4)	(1.4)
Profit before tax	(26.4)	(22.1)	0.4
Tax	–	2.5	0.6
Net income (owners)	(33.2)	(23.5)	4.7
Discontinued operations	–	(3.5)	4.1
Per share
EPS basic	(0.8p)	(0.6p)	0.2p
EPS diluted	(0.8p)	(0.6p)	0.2p

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue to operating profit
Share-based payments	0.6	n/m	0.8	(0.1)
Operating profit to net income
Profit before tax	(3.2)	n/m	(23.2)	1.2
Net income (owners)	(8.0)	n/m	(25.2)	1.7
Per share
EPS basic	(0.2p)	–	(0.6p)	0.0p
EPS diluted	(0.2p)	–	(0.6p)	0.0p

	LTM Dec 25	FY Jun 25	FY Jun 24
Operating activities
Cash from operations	15.7	9.3	14.0
Tax paid	(3.2)	(2.7)	(2.4)
Investing activities
Capex (PP&E)	(19.1)	(19.2)	(23.1)
Capex (intangibles)	(1.5)	(5.4)	(7.8)
Financing activities
Lease principal paid	(0.1)	(0.5)	(0.4)
Shares issued	–	0.2	12.9

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Operating activities
Cash from operations	5.2	n/m	10.5	(1.2)
Tax paid	(1.2)	+74%	(2.0)	(0.7)
Investing activities
Capex (PP&E)	(8.6)	−2%	(10.5)	(8.7)
Capex (intangibles)	(0.2)	−96%	(1.3)	(4.1)
Financing activities
Lease principal paid	(0.0)	−97%	(0.1)	(0.3)

	31 Dec 25	30 Jun 25	30 Jun 24
Non-current assets
Other intangibles	64.5	61.5	84.3
Property, plant & equipment	86.4	73.3	90.6
Other investments	–	14.5	15.1
Non-current assets	204.7	268.9	208.2
Current assets
Inventories	1.7	2.2	25.6
Trade receivables	25.7	25.3	50.9
Cash	8.5	3.3	15.3
Current assets	56.2	31.1	119.1
Total assets	260.8	300.1	327.4
Current liabilities
Trade payables	14.3	14.7	59.1
Borrowings, current	9.6	12.9	18.4
Lease liabilities, current	0.6	0.6	0.5
Current liabilities	61.0	56.3	105.4
Non-current liabilities
Non-current liabilities	15.0	64.6	17.1
Total liabilities	76.0	120.9	122.6
Equity
Non-controlling interests	2.9	3.8	3.6
Total equity	184.9	179.2	204.8
Net cash and other figures
Net cash / (debt) incl. leases	(6.0)	(11.6)	–
Shares in issue	3,146.3m	3,146.3m	3,005.7m

	31 Dec 25	30 Jun 25	31 Dec 24	30 Jun 24
Non-current assets
Other intangibles	64.5	61.5	83.6	84.3
Property, plant & equipment	86.4	73.3	86.5	90.6
Other investments	–	14.5	–	15.1
Non-current assets	204.7	268.9	205.4	208.2
Current assets
Inventories	1.7	2.2	30.5	25.6
Trade receivables	25.7	25.3	51.6	50.9
Cash	8.5	3.3	6.7	15.3
Current assets	56.2	31.1	134.7	119.1
Total assets	260.8	300.1	340.1	327.4
Current liabilities
Trade payables	14.3	14.7	96.4	59.1
Borrowings, current	9.6	12.9	27.5	18.4
Lease liabilities, current	0.6	0.6	0.7	0.5
Current liabilities	61.0	56.3	129.3	105.4
Non-current liabilities
Non-current liabilities	15.0	64.6	17.0	17.1
Total liabilities	76.0	120.9	146.3	122.6
Equity
Non-controlling interests	2.9	3.8	3.7	3.6
Total equity	184.9	179.2	193.8	204.8
Net cash and other figures
Net cash / (debt) incl. leases	(6.0)	(11.6)	(15.1)	–
Shares in issue	3,146.3m	3,146.3m	3,013.9m	3,005.7m

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