Premier African Minerals Ltd

PREM · AIM · Basic Resources · mcap £2.2m · 0.0p

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Financials · LTM to 30 Jun 26

Source: results 23 Sep 26 ↗

Going-concern uncertainty

Revenue: £0k
Operating profit: −£6.4m
Net income: −£12.7m
Free cash flow: −£5.5m
Net cash: £453k
Market cap: £3.1m
EV / EBIT: –
FCF yield: −177.6%
Price / book: 2.7×

Latest half-year · H1 26 vs H1 25 results 23 Sep 26 ↗

Revenue: £0k
Operating profit: −£2.9m
Net income: −£5.0m
Cash from operations: −£3.9m

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 in the results of each period, newest first. 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 23 Sep 26 · read the results ↗

	FY 25	FY 24
Continuing operations
EXPRESSED IN US DOLLARS Notes	$ 000	$ 000
Revenue	-	-
Cost of sales excluding depreciation and amortisation	(3,646)	(12,479)
Gross profit / (loss)	(3,646)	(12,479)
Administrative expenses	(4,395)	(4,645)
Operating profit / (loss)	(8,041)	(17,124)
Depreciation and amortisation	(791)	(364)
Other Income	33	15
Impairment of property plant and equipment	(1,375)	-
Impairment of current assets	(2,539)	-
Finance charges	(5,485)	(2,263)
Total continuing operations	(10,157)	(2,612)
Profit / (Loss) before income tax	(18,198)	(19,736)
Income tax expense	-	-
Profit / (Loss) from continuing operations	(18,198)	(19,736)
Loss for the year	(18,198)	(19,736)
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Foreign exchange loss on translation	-	-
Fair value movement on available-for-sale investment	-	(501)
Total items that are or may be reclassified subsequently to profit or loss	-	(501)
Total comprehensive income for the year	(18,198)	(20,237)
Loss attributable to
Owners of the Company	(17,775)	(19,309)
Non-controlling interests	(423)	(427)
Total loss attributable to	(18,198)	(19,736)
Total comprehensive income attributable to
Owners of the Company	(17,775)	(19,810)
Non-controlling interests	(423)	(427)
Total comprehensive income for the year	(18,198)	(20,237)
Loss per share attributable to owners of the parent (expressed in US cents)
Basic loss per share	(0.027)	(0.061)
Diluted loss per share	(0.027)	(0.061)

	H1 26$000	H2 25	H1 25$000
EXPRESSED IN US DOLLARS
Continuing operations
Revenue	-	-	-
Cost of sales excluding depreciation and amortisation expense	(2,160)	–	-
Gross profit / (loss)	(2,160)	(3,646)	-
Administrative expenses	(1,713)	(1,103)	(3,292)
Operating profit / (loss)	(3,873)	(4,749)	(3,292)
Depreciation and amortisation	(282)	(517)	(274)
Other Income	252	29	4
Impairment of property plant and equipment	-	(1,375)	-
Impairment of current assets	-	(2,539)	-
Finance charges	(2,970)	(1,360)	(4,125)
Total continuing operations	(3,000)	(5,762)	(4,395)
Profit / (Loss) before income tax	(6,873)	(10,511)	(7,687)
Income tax expense	-	-	-
Profit / (Loss) from continuing operations	(6,873)	(10,511)	(7,687)
Profit / (Loss) for the year	(6,873)	(10,511)	(7,687)
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Fair Value adjustment on investments	-	–	-
Total items that are or may be reclassified subsequently to profit or loss	-	-	-
Total comprehensive income for the year	(6,873)	(10,511)	(7,687)
Loss attributable to
Owners of the Company	(6,659)	(10,299)	(7,476)
Non-controlling interests	(214)	(212)	(211)
Total loss attributable to	(6,873)	(10,511)	(7,687)
Total comprehensive income attributable to
Owners of the Company	(6,659)	(10,299)	(7,476)
Non-controlling interests	(214)	(212)	(211)
Total comprehensive income for the year	(6,873)	(10,511)	(7,687)
Loss per share attributable to owners of the parent (expressed in US cents)
Basic loss per share	(0.052)	(0.015)	(0.012)
Diluted loss per share	(0.052)	(0.015)	(0.012)

	Latest Jun 26	FY 25	FY 24
EXPRESSED IN US DOLLARS
Notes	$ 000	$ 000	$ 000
ASSETS
Non-current assets
Intangible assets	4,686	4,686	4,686
Investments	-	-	-
Property, plant and equipment	54,214	53,872	55,586
Loans receivable	340	318	284
Total non-current assets	59,240	58,876	60,556
Current assets
Inventories	675	653	628
Trade and other receivables	1,733	1,757	5,196
Cash and cash equivalents	781	30	12
Total current assets	3,189	2,440	5,836
TOTAL ASSETS	62,429	61,316	66,392
LIABILITIES
Non-current liabilities
Deferred tax	–	-	-
Provisions - rehabilitation	360	360	360
Total non-current liabilities	360	360	360
Current liabilities
Trade and other payables	60,379	60,126	58,420
Borrowings	180	180	180
Total current liabilities	60,559	60,306	58,600
TOTAL LIABILITIES	60,919	60,666	58,960
NET ASSETS	1,510	650	7,432
EQUITY
Share capital	120,417	112,684	101,268
Share based payment and warrant reserve	3,897	3,897	3,897
Revaluation reserve	711	711	711
Foreign currency translation reserve	(13,150)	(13,150)	(13,150)
Accumulated loss	(96,146)	(89,487)	(71,712)
Total equity attributed to the owners of the parent company	15,729	14,655	21,014
Non-controlling interest	(14,219)	(14,005)	(13,582)
TOTAL EQUITY	1,510	650	7,432

	H1 26	H2 25	H1 25	H2 24
EXPRESSED IN US DOLLARS
Notes	$ 000	$ 000	$ 000	$ 000
ASSETS
Non-current assets
Intangible assets	4,686	4,686	4,686	4,686
Investments	-	-	-	-
Property, plant and equipment	54,214	53,872	55,643	55,586
Loans receivable	340	318	335	284
Total non-current assets	59,240	58,876	60,664	60,556
Current assets
Inventories	675	653	713	628
Trade and other receivables	1,733	1,757	5,354	5,196
Cash and cash equivalents	781	30	29	12
Total current assets	3,189	2,440	6,096	5,836
TOTAL ASSETS	62,429	61,316	66,760	66,392
LIABILITIES
Non-current liabilities
Deferred tax	–	-	–	-
Provisions - rehabilitation	360	360	360	360
Total non-current liabilities	360	360	360	360
Current liabilities
Trade and other payables	60,379	60,126	60,338	58,420
Borrowings	180	180	180	180
Total current liabilities	60,559	60,306	60,518	58,600
TOTAL LIABILITIES	60,919	60,666	60,878	58,960
NET ASSETS	1,510	650	5,882	7,432
EQUITY
Share capital	120,417	112,684	107,405	101,268
Share based payment and warrant reserve	3,897	3,897	3,897	3,897
Revaluation reserve	711	711	711	711
Foreign currency translation reserve	(13,150)	(13,150)	(13,150)	(13,150)
Accumulated loss	(96,146)	(89,487)	(79,188)	(71,712)
Total equity attributed to the owners of the parent company	15,729	14,655	19,675	21,014
Non-controlling interest	(14,219)	(14,005)	(13,793)	(13,582)
TOTAL EQUITY	1,510	650	5,882	7,432

	FY 25	FY 24
EXPRESSED IN US DOLLARS Notes	$ 000	$ 000
Net cash outflow from operating activities	(7,162)	(10,017)
Investing activities
Acquisition of property plant and equipment	(452)	(2,716)
Expenditure on intangible assets	-	-
Loans advanced to investment	(34)	(299)
Net cash used in investing activities	(486)	(3,015)
Financing activities
Proceeds from borrowings granted	-	-
Net proceeds from issue of share capital	7,745	12,775
Finance charges	(79)	(273)
Net cash from financing activities	7,666	12,502
Net decrease in cash and cash equivalents	18	(530)
Cash and cash equivalents at beginning of year	12	542
Net cash and cash equivalents at end of year	30	12
1. Reporting entity
2. Basis of accounting
Details of the Group's accounting policies are detailed below.
Functional and presentation currency
Use of judgements and estimates
3. Significant accounting policies
3.1 Change in significant accounting policies
IAS 21 Lack of Exchangeability (Amendments to IAS Requires a consistent approach to assessing whether a currency is exchangeable and, when it is not, to determining the exchange rate to use and the disclosures to provide . 1 January 2025	21)	–
IFRS 1, 7, 9,10 & IAS 7 Annual Improvements to IFRS Accounting Standards - Volume Minor amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 7 Financial Instruments: Disclosures, IFRS 9 Financial Instruments, IFRS 10 Consolidated Financial Statements and IAS 7 Statement of Cash Flows. 1 January 2026	114	–

	H1 26$000	H2 25	H1 25$000
EXPRESSED IN US DOLLARS
Net cash outflow from operating activities	(5,246)	(1,493)	(5,669)
Investing activities
Acquisition of property plant and equipment	(624)	(121)	(331)
Expenditure on intangible assets	-	-	-
Loans advanced	(22)	–	(51)
Net cash used in investing activities	(646)	(104)	(382)
Financing activities
Proceeds from borrowings granted	-	-	-
Net proceeds from issue of share capital	6,643	1,608	6,137
Finance charges	-	(10)	(69)
Net cash from financing activities	6,643	1,598	6,068
Net decrease in cash and cash equivalents	751	1	17
Cash and cash equivalents at beginning of year	30	-	12
Net cash and cash equivalents at end of year	781	1	29

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	0.0	0.0	0.0
Gross profit	(4.4)	(2.8)	(9.8)
Operating profit	(6.4)	(6.1)	(13.4)
Operating profit to net income
Finance costs	(3.2)	(4.2)	(1.8)
Profit before tax	(13.0)	(13.8)	(15.4)
Tax	0.0	0.0	0.0
Net income (owners)	(12.7)	(13.5)	(15.1)
Per share
EPS basic	(16.9p)	(13.9p)	(4.9p)
EPS diluted	(16.9p)	(13.9p)	(4.9p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	0.0	n/m	0.0	0.0
Gross profit	(1.6)	n/m	(2.8)	0.0
Operating profit	(2.9)	n/m	(3.6)	(2.5)
Operating profit to net income
Finance costs	(2.2)	−31%	(1.0)	(3.2)
Profit before tax	(5.1)	n/m	(7.9)	(5.9)
Tax	0.0	n/m	0.0	0.0
Net income (owners)	(5.0)	n/m	(7.7)	(5.8)
Per share
EPS basic	(3.9p)	–	(13.0p)	(0.9p)
EPS diluted	(3.9p)	–	(13.0p)	(0.9p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(5.0)	(5.4)	(7.8)
Investing activities
Capex (PP&E)	(0.6)	(0.3)	(2.1)
Financing activities
Shares issued	6.1	5.9	10.0

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(3.9)	n/m	(1.1)	(4.4)
Investing activities
Capex (PP&E)	(0.5)	+82%	(0.1)	(0.3)
Financing activities
Shares issued	4.9	+4%	1.1	4.7

	Latest Jun 26	FY 25	FY 24
Non-current assets
Other intangibles	3.5	3.5	3.7
Property, plant & equipment	40.9	40.0	44.3
Non-current assets	44.7	43.7	–
Current assets
Inventories	0.5	0.5	0.5
Trade receivables	1.3	1.3	4.1
Cash	0.6	0.0	0.0
Current assets	2.4	1.8	–
Total assets	47.1	45.5	52.9
Current liabilities
Trade payables	45.6	44.6	46.6
Borrowings, current	0.1	0.1	0.1
Current liabilities	45.7	44.8	46.7
Non-current liabilities
Non-current liabilities	0.3	0.3	0.3
Total liabilities	46.0	45.0	47.0
Equity
Non-controlling interests	(10.7)	(10.4)	(10.8)
Total equity	1.1	0.5	5.9
Net cash and other figures
Shares in issue	–	9,489.8m	–

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Other intangibles	3.5	3.5	3.4	3.7
Property, plant & equipment	40.9	40.0	40.6	44.3
Non-current assets	44.7	43.7	44.2	–
Current assets
Inventories	0.5	0.5	0.5	0.5
Trade receivables	1.3	1.3	3.9	4.1
Cash	0.6	0.0	0.0	0.0
Current assets	2.4	1.8	4.4	–
Total assets	47.1	45.5	48.7	52.9
Current liabilities
Trade payables	45.6	44.6	44.0	46.6
Borrowings, current	0.1	0.1	0.1	0.1
Current liabilities	45.7	44.8	44.1	46.7
Non-current liabilities
Non-current liabilities	0.3	0.3	0.3	0.3
Total liabilities	46.0	45.0	44.4	47.0
Equity
Non-controlling interests	(10.7)	(10.4)	(10.1)	(10.8)
Total equity	1.1	0.5	4.3	5.9
Net cash and other figures
Shares in issue	–	9,489.8m	–	–

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

Company filings. Not investment advice.