Mantle Resilience Plc

MNTL · Main Market · Basic Resources · mcap £12m · 0.1p

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Financials · LTM to 31 Dec 25

Source: results 01 Apr 26 ↗

Revenue: £2.3m
Operating profit: −£4.4m
Net income: −£13.0m
Free cash flow: −£2.0m
Net debt: £7.8m
Market cap: £12.5m
EV / EBIT: –
FCF yield: −16.2%
Price / book: –

Latest half-year · H1 Dec 25 vs H1 Dec 24 results 01 Apr 26 ↗

Revenue: £1.5m
Operating profit: −£1.1m
Net income: −£1.5m
Cash from operations: −£1.2m

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 01 Apr 26 · read the results ↗

Source ↗

	Six months to 31 December 2025 Unaudited £'000	Six months to 31 December 2024 Unaudited £'000	Year ended 30 June 2025 Audited £'000
Revenue	1,499	695	1,499
Cost of sales	(180)	(208)	(358)
Gross profit	1,319	487	1,141
Administrative expenses	(2,435)	(2,257)	(4,983)
Impairment of intangible assets	-	-	(310)
Impairment of financial instruments	-	-	(919)
Operating loss	(1,116)	(1,770)	(5,071)
Other income	169	-	343
Net foreign exchange gains/(losses)	29	34	26
Loss on partial sale of a subsidiary	-	-	(7,011)
Loss on disposal of associate	(147)	-	-
Gain on sale of a subsidiary	-	-	433
Loss before financing and income tax	(1,065)	(1,736)	(11,280)
Net finance costs	(842)	96	(2,162)
Net gains/(losses) on financial assets at FVTPL	105	-	(134)
Loss before taxation from continuing operations	(1,802)	(1,640)	(13,576)
Income tax	217	-	-
Loss for the period from continuing operations	(1,585)	(1,640)	(13,576)
Profit/(loss) on discontinued operations, net of tax	-	(15)	-
Loss for the year	(1,585)	(1,655)	(13,576)
Attributable to
Equity holders of the Company	(1,455)	(1,111)	(12,644)
Non-controlling interests	(130)	(544)	(932)
Loss for the year	(1,585)	(1,655)	(13,576)
Other comprehensive income
Items that may be subsequently reclassified to profit or loss
Exchange differences arising on translation of foreign operations	(13)	16	(12)
Total comprehensive loss for the period	(1,598)	(1,639)	(13,588)
Attributable to
Equity holders of the Company	(1,468)	(1,095)	(12,656)
Non-controlling interests	(130)	(544)	(932)
Total comprehensive loss for the period	(1,598)	(1,639)	(13,588)
Total operations (restated)	(0.05)p	(0.06)p	(0.61)p
Discontinued operations	-	-	-

Source ↗

	31 December 2025 Unaudited £'000	31 December 2024 Unaudited £'000	30 June 2025 Audited £'000
Non-current assets
Property, plant and equipment	3,384	3,517	3,406
Right of use asset	733	860	797
Intangible assets	6,669	15,276	6,633
Financial assets	177	30	30
Investment in associate	-	-	293
Total non-current assets	10,963	19,683	11,159
Current assets
Assets held for sale	-	880	-
Inventory	-	120	-
Trade and other receivables	1,176	279	667
Financial assets held at FVTPL	1	-	189
Cash and cash equivalents	26	24	104
Current assets	1,203	1,303	960
Total assets	12,166	20,986	12,119
Current liabilities
Trade and other payables	5,036	3,885	4,816
Lease liability	124	14	120
Borrowings	6,780	4,376	6,237
Total current liabilities	11,940	8,275	11,173
Non-current liabilities
Lease liability	635	884	728
Borrowings	1,033	559	-
Derivative financial liability	546	696	619
Total non-current liabilities	2,214	2,139	1,347
Total liabilities	14,154	10,414	12,520
Net (liabilities)/assets	(1,988)	10,572	(401)
Equity
Share Capital	2,794	1,805	2,794
Share Premium	22,528	22,419	22,528
Warrants reserve	761	761	761
Convertible loan reserve	295	297	295
Share-based payments reserve	2,291	2,371	2,280
Foreign exchange reserve	(7)	50	6
Accumulated deficit	(26,832)	(13,834)	(25,377)
Equity attributable to owners of the parent	1,830	13,869	3,287
Non-controlling interests	(3,818)	(3,297)	(3,688)
Total equity	(1,988)	10,572	(401)

Source ↗

	6 months to 31 December 2025 Unaudited £'000	6 months to 31 December 2024 Unaudited £'000	Year to 30 June 2025 Audited £'000
Cash flows from operating activities
Loss before tax from continuing operations	(1,802)	(1,640)	(13,576)
Profit/(loss) from discontinued operations	-	(15)	-
Loss before tax	(1,802)	(1,655)	(13,576)
Adjustments for
Depreciation	181	179	360
Loss/(gain) on derivative financial liability	(73)	(951)	313
Finance charges	915	855	1,849
(Gain)/loss on financial asset FVPTL	(105)	-	134
Gain on sale of subsidiary	-	-	(433)
Loss on partial sale of associate	147	-	-
Loss on partial sale of subsidiary	-	-	7,011
Share option charge	11	51	45
Impairment loss	-	-	1,229
Foreign exchange movements	(14)	25	(26)
Net cashflow before changes in working capital	(740)	(1,496)	(3,094)
Movement in inventory	-	-	-
Movement in receivables	(474)	(15)	(449)
Movement in payables	(185)	576	1,923
Net cash used in operating activities before taxation	(1,399)	(935)	(1,620)
R&D tax refund	185	-	-
Net cash used in operating activities	(1,214)	(935)	(1,620)
Cash flows from investing activities
Purchase of property, plant and equipment	(96)	(40)	(47)
Purchase of intangible assets	(23)	(16)	(20)
Proceeds from sale of investment	293	-	1,001
Net cash generated from/(used in) investing activities	174	(56)	934
Cash flows from financing activities
Issue of share capital	-	-	250
Proceeds of borrowing	2,551	1,064	1,753
Repayment of borrowings, including interest	(1,589)	(72)	(1,236)
Cost of procuring convertible loan notes	-	-	-
Net cash generated from financing activities	962	992	767
Net change in cash and cash equivalents during the period	(78)	1	81
Cash at the beginning of period	104	23	23
Cash and cash equivalents at the end of the period	26	24	104

Source ↗

	2025 £000	Restated* 2024 £000
Revenue	1,499	547
Cost of sales	(358)	(242)
Gross profit	1,141	305
Administrative expenses	(4,983)	(5,138)
Impairment of intangible assets	(310)	(163)
Impairment of financial instruments	(919)	(1,188)
Operating loss	(5,071)	(6,184)
Other income	343	370
Net foreign exchange gains/(losses)	26	(14)
Loss on partial sale of a subsidiary	(7,011)	-
Gain on sale of a subsidiary	433	-
Loss before financing and income tax	(11,280)	(5,828)
Net finance costs	(2,162)	(1,678)
Loss on change in value of a FVTPL financial asset	(134)	-
Loss before taxation from continuing operations	(13,576)	(7,506)
Income tax	-	-
Loss for the period from continuing operations	(13,576)	(7,506)
Profit/(loss) on discontinued operations, net of tax	-	13
Loss for the year	(13,576)	(7,493)
Attributable to
Equity holders of the Company	(12,644)	(6,292)
Non-controlling interests	(932)	(1,201)
Loss for the year	(13,576)	(7,493)
Other comprehensive income
Items that may be subsequently reclassified to profit or loss
Exchange differences arising on translation of foreign operations	(12)	6
Total comprehensive loss for the period	(13,588)	(7,487)
Attributable to
Equity holders of the Company	(12,656)	(6,286)
Non-controlling interests	(932)	(1,201)
Total comprehensive loss for the period	(13,588)	(7,487)
Total operations (restated)	(0.61)p	(0.41)p
Discontinued operations	-	-

Source ↗

	30 June 2025 £000	Restated* 30 June 2024 £000	Restated* 1 July 2023 £000
Non-current assets
Property, plant and equipment	3,406	3,593	3,082
Right of use asset	797	923	1,050
Intangible assets	6,633	15,253	15,871
Financial assets	30	30	1,221
Investment in associate	293	-	-
Total non-current assets	11,159	19,799	21,224
Current assets
Assets held for sale	-	905	-
Inventory	-	120	150
Trade and other receivables	667	762	399
Financial assets held at FVTPL	189	-	-
Cash and cash equivalents	104	23	379
Current assets	960	1,810	928
Total assets	12,119	21,609	22,152
Current liabilities
Liabilities directly associated with the assets held for sale	-	27	-
Trade and other payables	4,816	2,444	905
Lease liability	120	114	108
Borrowings	6,237	3,896	298
Total current liabilities	11,173	6,481	1,311
Non-current liabilities
Lease liability	728	849	963
Borrowings	-	1,874	1,933
Derivative financial liability	619	549	230
Total non-current liabilities	1,347	3,272	3,126
Total liabilities	12,520	9,753	4,437
Net (liabilities)/assets	(401)	11,856	17,715
Equity
Share Capital	2,794	1,609	1,513
Share Premium	22,528	22,311	21,860
Warrants reserve	761	761	1,499
Convertible loan reserve	295	297	-
Share-based payments reserve	2,280	2,320	2,218
Foreign exchange reserve	6	34	28
Accumulated deficit	(25,377)	(12,723)	(7,851)
Equity attributable to owners of the parent	3,287	14,609	19,267
Non-controlling interests	(3,688)	(2,753)	(1,552)
Total equity	(401)	11,856	17,715

Source ↗

	£000	£000	£000	£000
Cash flows from operating activities
Loss before tax from continuing operations	(6,642)	(2,003)	1,139	(7,506)
Profit/(loss) from discontinued operations	13	-	-	13
Loss before tax	(6,629)	(2,003)	1,139	(7,493)
Adjustments for
Depreciation	1	241	-	242
Finance income	(550)	550	-	-
Lease	-	37	-	37
Loss/(gain) on derivative financial liability	1,132	-	(904)	228
Finance charges	1,417	268	(235)	1,450
Share option charge	102	-	-	102
Share of loss in associate	887	(887)	-	-
Impairment loss	1,351	-	-	1,351
Foreign exchange movements	14	-	-	14
Net cashflow before changes in working capital	(2,275)	(1,794)	-	(4,069)
Movement in inventory	-	30	-	30
Movement in receivables	(393)	(9)	-	(402)
Movement in payables	882	546	-	1,428
Net cash (used in) operating activities	(1,786)	(1,227)	-	(3,013)
Cash flows from investing activities
Purchase of property, plant and equipment	(2)	(625)	-	(627)
Exploration expenditure	(406)	(36)	-	(442)
Loan to associate	(2,186)	2,186	-	-
Net cash used in investing activities	(2,594)	1,525	-	(1,069)
Cash flows from financing activities
Issue of share capital	-	-	-	-
Proceeds from exercise of warrants	133	-	-	133
Proceeds of borrowing	4,335	53	-	4,388
Repayment of borrowings	(20)	(321)	-	(341)
Finance expense	(51)	(83)	-	(134)
Cost of procuring convertible loan notes	(320)	-	-	(320)
Net cash generated from financing activities	4,077	(351)	-	3,726
Net change in cash and cash equivalents during the period	(303)	(53)	-	(356)
Cash at the beginning of period	318	61	-	379
Cash and cash equivalents at the end of the period	15	8	-	23

	LTM Dec 25	FY Jun 25	FY Jun 24
Revenue to operating profit
Revenue	2.3	1.5	0.5
Gross profit	2.0	1.1	0.3
Operating profit	(4.4)	(5.1)	(6.2)
Share-based payments	0.0	0.0	0.1
Operating profit to net income
Finance costs	(3.1)	(2.2)	(1.7)
Profit before tax	(13.7)	(13.6)	(7.5)
Net income (owners)	(13.0)	(12.6)	(6.3)
Discontinued operations	0.0	0.0	0.0
Per share
EPS basic	(0.6p)	(0.6p)	(0.4p)
EPS diluted	–	(0.6p)	(0.4p)

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue to operating profit
Revenue	1.5	+116%	0.8	0.7
Gross profit	1.3	+171%	0.7	0.5
Operating profit	(1.1)	n/m	(3.3)	(1.8)
Share-based payments	0.0	n/m	(0.0)	0.1
Operating profit to net income
Finance costs	(0.8)	n/m	(2.3)	0.1
Profit before tax	(1.8)	n/m	(11.9)	(1.6)
Tax	0.2	–	–	–
Net income (owners)	(1.5)	n/m	(11.5)	(1.1)
Discontinued operations	0.0	n/m	0.0	(0.0)
Per share
EPS basic	(0.1p)	–	(0.6p)	(0.1p)

	LTM Dec 25	FY Jun 25	FY Jun 24
Operating activities
Cash from operations	(1.9)	(1.6)	(3.0)
Investing activities
Capex (PP&E)	(0.1)	(0.0)	(0.6)
Capex (intangibles)	(0.0)	(0.0)	(0.4)
Financing activities
Shares issued	0.2	0.2	0.0

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Operating activities
Cash from operations	(1.2)	n/m	(0.7)	(0.9)
Investing activities
Capex (PP&E)	(0.1)	n/m	(0.0)	(0.0)
Capex (intangibles)	(0.0)	n/m	(0.0)	(0.0)
Financing activities
Shares issued	0.0	n/m	0.2	0.0

	31 Dec 25	30 Jun 25	30 Jun 24
Non-current assets
Other intangibles	6.7	6.6	15.3
Property, plant & equipment	3.4	3.4	3.6
Associates & JVs	–	0.3	0.0
Non-current assets	11.0	11.2	19.8
Current assets
Inventories	0.0	0.0	0.1
Trade receivables	1.2	0.7	0.8
Cash	0.0	0.1	0.0
Current assets	1.2	1.0	1.8
Total assets	12.2	12.1	21.6
Current liabilities
Trade payables	5.0	4.8	2.4
Borrowings, current	6.8	6.2	3.9
Lease liabilities, current	0.1	0.1	0.1
Current liabilities	11.9	11.2	6.5
Non-current liabilities
Borrowings, non-current	1.0	0.0	1.9
Lease liabilities, non-current	0.6	0.7	0.8
Non-current liabilities	2.2	1.3	3.3
Total liabilities	14.2	12.5	9.8
Equity
Non-controlling interests	(3.8)	(3.7)	(2.8)
Total equity	(2.0)	(0.4)	11.9
Net cash and other figures
Shares in issue	2,794.4m	–	–

	31 Dec 25	30 Jun 25	31 Dec 24	30 Jun 24
Non-current assets
Other intangibles	6.7	6.6	15.3	15.3
Property, plant & equipment	3.4	3.4	3.5	3.6
Associates & JVs	–	0.3	–	0.0
Non-current assets	11.0	11.2	19.7	19.8
Current assets
Inventories	0.0	0.0	0.1	0.1
Trade receivables	1.2	0.7	0.3	0.8
Cash	0.0	0.1	0.0	0.0
Current assets	1.2	1.0	1.3	1.8
Total assets	12.2	12.1	21.0	21.6
Current liabilities
Trade payables	5.0	4.8	3.9	2.4
Borrowings, current	6.8	6.2	4.4	3.9
Lease liabilities, current	0.1	0.1	0.0	0.1
Current liabilities	11.9	11.2	8.3	6.5
Non-current liabilities
Borrowings, non-current	1.0	0.0	0.6	1.9
Lease liabilities, non-current	0.6	0.7	0.9	0.8
Non-current liabilities	2.2	1.3	2.1	3.3
Total liabilities	14.2	12.5	10.4	9.8
Equity
Non-controlling interests	(3.8)	(3.7)	(3.3)	(2.8)
Total equity	(2.0)	(0.4)	10.6	11.9
Net cash and other figures
Shares in issue	2,794.4m	–	–	–

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

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Company filings. Not investment advice.