Metals one

MET1 · AIM · Basic Resources · mcap £12m · 1.2p

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Financials · LTM to 30 Jun 26

Source: results 30 Sep 26 ↗

Revenue: –
Operating profit: –
Net income: −£11.0m
Free cash flow: –
Net cash: £537k
Market cap: £14.9m
EV / EBIT: –
FCF yield: –
Price / book: 0.7×

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

Net income: −£740k
Cash from operations: −£981k

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

Source ↗

	30 June 2026 £	31 December 2025 £
NON-CURRENT ASSETS
Investment in associate	5,330,216	4,263,788
Exploration and evaluation	2,177,042	2,129,315
TOTAL NON-CURRENT ASSETS	7,507,258	6,393,103
CURRENT ASSETS
Loan receivables	8,372,643	502,145
Trade and other receivables	975,417	159,824
Cash and cash equivalents	537,106	8,304,317
Other financial assets	3,495,253	4,625,388
TOTAL CURRENT ASSETS	13,380,419	13,591,674
TOTAL ASSETS	20,887,677	19,984,777
CURRENT LIABILITIES
Trade and other payables	424,926	710,676
TOTAL CURRENT LIABILITIES	424,926	710,676
TOTAL LIABILITIES	424,926	710,676
NET ASSETS	20,462,751	19,274,101
EQUITY
Called up share capital	4,532,225	4,357,225
Share premium account	29,345,702	27,932,702
Treasury shares	(293,205)	(208,205)
Share based payment reserve	399,653	322,282
Foreign exchange reserve	29,462	16,554
Retained earnings	(14,141,470)	(13,738,918)
Equity attributable to equity holders of the parent	19,872,367	18,681,640
Non-controlling interest	590,384	592,461
TOTAL EQUITY	20,462,751	19,274,101

Source ↗

	2026 £	2025 £
Cash from operating activities
Loss for the year	(742,129)	(1,460,333)
Adjustments for
Fair value movements on listed investments	908,824	-
Share of loss of an associate	258,285	12,600
Interest receivable on CLN	(438,655)	-
Profit on disposal of listed assets	(1,127,021)	-
Foreign exchange	(64,800)	2,126
Finance charge	-	100,000
Share-based payments	77,371	153,178
Operating cashflow before working capital movements	(1,128,125)	(1,192,429)
Decrease/(Increase) in trade and other receivables	(4,640)	(1,713,397)
(Decrease)/Increase in trade and other payables	151,428	(190,831)
Net cash outflow from operating activities	(981,337)	(3,096,657)
Cash from investing activities
Investment in listed securities	(1,609,203)	-
Proceeds from disposal of listed investments	3,058,613	-
Exploration and Evaluation expenditure	(47,727)	(109,914)
Loans advanced	(8,950,320)	-
Payment of deferred consideration	-	(331,995)
Net cash outflow from investing activities	(7,548,637)	(441,909)
Cash from financing activities
Proceeds on the issue of shares, net of issue costs	738,000	6,238,500
Interest costs	-	(2,282)
Net cash from financing activities	738,000	6,236,218
Net (decrease)/increase in cash and cash equivalents	(7,791,974)	2,697,652
Cash and cash equivalents at beginning of year	8,304,317	33,640
Foreign exchange	24,763	451
Cash and cash equivalents at end of period	537,106	2,731,743

Source ↗

	2025 £	2024 £
Revenue
Revenue from continuing operations	-	-
Total revenue	-	-
Expenditure
Other income	-	25,816
Exploration costs	(61,369)	(6,368)
Transaction costs	(421,996)	-
Administrative expenses	(6,304,671)	(1,325,403)
Impairment of exploration assets and associates	(6,501,314)	-
Gain on acquisition of exploration assets	40,405	-
Share of loss of associates accounted for using the equity method	(263,571)	(315,951)
Total expenditure	(13,512,516)	(1,621,906)
Finance costs
Finance costs	(100,000)	(175)
Interest expense	(4,996)	-
Interest income	33,739	-
Total finance costs	(71,257)	(175)
Fair value gains on financial assets at Fair Value Through Profit or Loss	2,521,988	-
Loss on ordinary activities before taxation	(11,061,785)	(1,622,081)
Taxation on loss on ordinary activities	-	-
Loss on ordinary activities after taxation	(11,061,785)	(1,622,081)
Other comprehensive income
Exchange differences on translation of foreign operations	14,081	811
Total comprehensive income for the year attributable to the owners of the Group	(11,047,704)	(1,621,270)
Earnings per share (basic and diluted) attributable to the equity holders (pence)	(2.60)	(50.31)
Loss on ordinary activities after taxation attributable to
Owners of the parent	(11,013,810)	(1,615,297)
Non-controlling interest	(47,975)	(6,784)
Total loss on ordinary activities after taxation attributable to	(11,061,785)	(1,622,081)
Total comprehensive income attributable to
Owners of the parent	(10,999,729)	(1,614,486)
Non-controlling interest	(47,975)	(6,784)
	(11,047,704)	(1,621,270)

Source ↗

	2025 £	2024 £
NON-CURRENT ASSETS
Investments in associates	4,263,788	2,988,190
Exploration and evaluation assets	2,129,315	5,970,674
TOTAL NON-CURRENT ASSETS	6,393,103	8,958,864
CURRENT ASSETS
Loan receivables	502,145	-
Financial assets at fair value through profit and loss	4,625,388	17,521
Trade and other receivables	159,824	117,092
Cash and cash equivalents	8,304,317	33,640
TOTAL CURRENT ASSETS	13,591,674	168,253
TOTAL ASSETS	19,984,777	9,127,117
CURRENT LIABILITIES
Trade and other payables	710,676	373,986
Deferred consideration payable	-	90,000
TOTAL CURRENT LIABILITIES	710,676	463,986
TOTAL LIABILITIES	710,676	463,986
NET ASSETS	19,274,101	8,663,131
EQUITY
Called up share capital	4,357,225	3,333,425
Share premium account	27,932,702	7,931,710
Shares to issue	-	1,000,000
Treasury shares	(208,205)	(312,675)
Share based payment reserve	322,282	446,882
Foreign exchange reserve	16,554	2,473
Retained earnings	(13,738,918)	(3,979,071)
Equity attributable to equity holders of the parent	18,681,640	8,422,744
Non-controlling interest	592,461	240,387
TOTAL EQUITY	19,274,101	8,663,131

	FY 25	FY 24
Operating profit to net income
Fair value gains / losses	2.5	0.0
Finance costs	(0.1)	(0.0)
Profit before tax	(11.1)	(1.6)
Tax	0.0	0.0
Net income (owners)	(11.0)	(1.6)
Per share
EPS basic	(2.6p)	(50.3p)
EPS diluted	(2.6p)	(50.3p)

	H1 26	vs H1 25	H1 25
Revenue to operating profit
Share-based payments	0.1	−49%	0.2
Operating profit to net income
Net income (owners)	(0.7)	–	–

	H1 26	vs H1 25	H1 25
Operating activities
Cash from operations	(1.0)	n/m	(3.1)
Financing activities
Shares issued	0.7	−88%	6.2

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Associates & JVs	5.3	4.3	3.0
Other investments	3.5	4.6	0.0
Non-current assets	7.5	6.4	9.0
Current assets
Trade receivables	1.0	0.2	0.1
Cash	0.5	8.3	0.0
Current assets	13.4	13.6	0.2
Total assets	20.9	20.0	9.1
Current liabilities
Trade payables	0.4	0.7	0.4
Current liabilities	0.4	0.7	0.5
Non-current liabilities
Deferred consideration	–	0.0	0.1
Non-current liabilities	0.0	0.0	0.0
Total liabilities	0.4	0.7	0.5
Equity
Non-controlling interests	0.6	0.6	0.2
Total equity	20.5	19.3	8.7

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Associates & JVs	5.3	4.3	3.0
Other investments	3.5	4.6	0.0
Non-current assets	7.5	6.4	9.0
Current assets
Trade receivables	1.0	0.2	0.1
Cash	0.5	8.3	0.0
Current assets	13.4	13.6	0.2
Total assets	20.9	20.0	9.1
Current liabilities
Trade payables	0.4	0.7	0.4
Current liabilities	0.4	0.7	0.5
Non-current liabilities
Deferred consideration	–	0.0	0.1
Non-current liabilities	0.0	0.0	0.0
Total liabilities	0.4	0.7	0.5
Equity
Non-controlling interests	0.6	0.6	0.2
Total equity	20.5	19.3	8.7

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

Spotted an error in this income statement? Report it

Company filings. Not investment advice.