Shuka Minerals

SKA · AIM · Basic Resources · mcap £5.9m · 3.4p

Beta Briefing, track record and signals & risks are not ready for Shuka Minerals yet.

We follow 817 UK small caps and every one of their announcements – often hundreds per company. 61 companies are already wired into a briefing: browse them.

Financials · LTM to 30 Jun 26

Source: results 30 Sep 26 ↗

Revenue: £0k
Operating profit: −£880k
Net income: −£935k
Free cash flow: −£879k
Net debt: £1.6m
Market cap: £6.0m
EV / EBIT: –
FCF yield: −14.7%
Price / book: 0.8×

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

Operating profit: −£370k
Net income: −£409k
Cash from operations: −£654k

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 30 Sep 26 · read the results ↗

	FY 25
Revenue - Tanzania	-
Cost of sales (excluding depreciation and amortisation)	(61,622)
Depreciation	-
Depletion of development assets	-
Gross loss	(61,622)
Administrative expenses	(797,708)
Depreciation	(25,507)
Share based payments	-
Group operating loss	(884,837)
Finance income	298
Finance cost	(18,598)
Loss on operations before taxation	(903,137)
Income tax	-
Loss for the year	(903,137)
5. Segmental information (continued)
Coal Production Assets
Coal Other Total	2024
Consolidated Income Statement £ £ £
Revenue - Tanzania	2,305
Cost of sales (excluding depreciation and amortisation)	(196,596)
Depreciation	-
Depletion of development assets	(3,970)
Gross loss	(198,261)
Administrative expenses	(1,510,373)
Depreciation (33,988))	(34,128)
Share based payments	(255,083)
Group operating loss	(1,997,845)
Finance income	2,351
Finance cost	(9,433)
Loss on operations before taxation	(2,004,927)
Income tax	-
Loss for the year	(2,004,927)
Total consolidated Income Statement £ £ £	2024
£ £ £ £ £ £
Coal	396,077
Zinc	751,487
Other	726,622
Total £ £ £ £ £ £	1,122,699
By Geographical Area
£ £ £ £ £ £
Tanzania	396,077
Zambia	751,487
Europe	726,622
Total £ £ £ £ £ £	1,122,699
5. Segmental information (continued)
Information about major customers
Total information about major customers	2024
£ £
Customer 1	1,225
Customer 2	1,080
Total £ £	2,305
6. Expenses by nature
Total 6. Expenses by nature	2024
£ £
Staff costs	734,347
Share based payments	255,083
Audit fees	72,423
Office and other administrative services	61,075
AIM related costs including investor relations	5,000
Professional, legal and consultancy fees	445,814
Travel, entertaining and subsistence	13,331
Exchange gain	51
Depreciation	34,128
Loss on sale of fixed assets	250
Provisions and expected credit losses	178,332
Other costs	-
Total £ £	1,799,584
7. Auditors' remuneration
Total 7. Auditors' remuneration	2024
£ £
Fees payable to the Company's auditor for the audit of the parent Company and consolidated accounts	64,600
8. Employees
Group 2025 2024 £
Wages and salaries	798,570
Social security costs	8,897
Pensions	-
Share based payments	255,083
Total group 2025 2024 £	1,062,550
The average number of employees and directors during the year was as follows
Group 2025	2024
Administration	6
Mining , plant processing and security	12
Total the average number of employees and directors during the year was as follows	18
Remuneration of key management personnel
Key management personnel are the Directors (see note 9).
9. Directors' remuneration
Total 9. Directors' remuneration	2024
£ £
Emoluments	733,381
Share based payment	255,083

	Latest Jun 26	FY 25	FY 24
Non-current assets
Investment in subsidiaries	–	-	18,460,460
Investments in associates	-	-	-
Property, plant and equipment	5,189,557	5,526,188	422
Intangible assets	4,259,016	338,836	-
Total non-current assets	9,448,573	5,865,024	18,460,882
Current assets
Inventories	4,204	4,454	-
Trade and other receivables	190,169	240,377	666,147
Cash and cash equivalents	47,618	36,038	33,449
Total current assets	241,991	280,869	699,596
Current liabilities
Trade and other payables	(642,568)	(891,155)	(583,794)
Borrowings	(1,602,257)	(195,307)	(150,000)
Total current liabilities	(2,244,825)	(1,086,462)	(733,794)
Current assets less current liabilities	(2,002,834)	(805,593)	(34,198)
Total assets less current liabilities	7,445,739	5,059,431	18,426,684
Non - current liabilities
Borrowings	–	-	-
Environmental rehabilitation liability	(37,967)	(36,237)	-
Total non-current liabilities	–	5,023,194	18,426,684
Net assets	7,407,772	–	–
Capital and reserves
Called-up share capital	5,270,508	4,612,482	4,612,482
Share premium account	27,508,745	24,372,638	24,372,638
Share option reserve	–	561,125	561,125
Share based payment reserve	714,374	–	–
Foreign currency translation reserve	711,694	1,014,035	-
Retained earnings	(26,773,443)	(25,512,880)	(11,119,561)
Attributable to the equity shareholders of the Company	–	6,336,665	18,426,684
Non- controlling interests	–	(24,206)	-
Issued capital and reserves attributable to owners of the parent company	7,431,878	–	–
Non-controlling interest	(24,106)	–	–
Total equity	7,407,772	5,023,194	18,426,684

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Investment in subsidiaries	–	-	–	18,460,460
Investments in associates	-	-	-	-
Property, plant and equipment	5,189,557	5,526,188	5,041,065	422
Intangible assets	4,259,016	338,836	309,806	-
Total non-current assets	9,448,573	5,865,024	5,350,871	18,460,882
Current assets
Inventories	4,204	4,454	4,072	-
Trade and other receivables	190,169	240,377	230,045	666,147
Cash and cash equivalents	47,618	36,038	16,622	33,449
Total current assets	241,991	280,869	250,739	699,596
Current liabilities
Trade and other payables	(642,568)	(891,155)	(931,345)	(583,794)
Borrowings	(1,602,257)	(195,307)	(335,686)	(150,000)
Total current liabilities	(2,244,825)	(1,086,462)	(1,267,031)	(733,794)
Current assets less current liabilities	(2,002,834)	(805,593)	(1,016,292)	(34,198)
Total assets less current liabilities	7,445,739	5,059,431	4,334,579	18,426,684
Non - current liabilities
Borrowings	–	-	–	-
Environmental rehabilitation liability	(37,967)	(36,237)	(33,132)	-
Total non-current liabilities	–	5,023,194	–	18,426,684
Net assets	7,407,772	–	4,301,447	–
Capital and reserves
Called-up share capital	5,270,508	4,612,482	4,628,732	4,612,482
Share premium account	27,508,745	24,372,638	24,486,388	24,372,638
Share option reserve	–	561,125	–	561,125
Share based payment reserve	714,374	–	510,727	–
Foreign currency translation reserve	711,694	1,014,035	538,897	-
Retained earnings	(26,773,443)	(25,512,880)	(25,838,492)	(11,119,561)
Attributable to the equity shareholders of the Company	–	6,336,665	–	18,426,684
Non- controlling interests	–	(24,206)	–	-
Issued capital and reserves attributable to owners of the parent company	7,431,878	–	4,326,252	–
Non-controlling interest	(24,106)	–	(24,805)	–
Total equity	7,407,772	5,023,194	4,301,447	18,426,684

	FY 25	FY 24
Operating activities
Operating loss	(1,997,845)	(1,361,968)
Adjustments to reconcile profit before tax to net cash flows: Depreciation	38,098	140
Loss on sale of fixed assets	-	-
Share based payments	255,083	255,083
Expected credit losses	(301)	-
Impairment of inventories	75,313	-
Provisions	178,637	-
Foreign exchange difference Working capital changes: Decrease/(increase) in inventories	-	-
Decrease/(increase) in trade and other receivables	(1,067)	(130,265)
Increase in trade and other payables	351,457	433,258
Net cash outflow from operating activities	(1,093,064)	(803,752)
Tax paid	(912)	-
Cash flows from investing activities Capital introduced to subsidiaries	-	(183,161)
Investment in associate	-	-
Purchase of property, plant and equipment	-	–
Finance income	2,351	2,351
Net cash (used in)/from investing activities	2,351	(180,810)
Cash flows from financing activities
New loans	150,000	150,000
Repayment of lease liabilities	(21,190)	-
Interest payable	-	-
Lease interest	(4,910)	-
Proceeds from issue of ordinary shares	368,350	368,350
Net cash inflow from financing activities	492,250	518,350
Net decrease in cash and cash equivalents	(599,375)	(466,212)
Cash and cash equivalents at beginning of year	633,093	499,661
Effect of foreign exchange rate changes on cash and cash equivalents	2,320	-
Cash and cash equivalents at end of year	36,038	33,449

	H1 26	H2 25	H1 25
Cash flows from operating activities
Operating loss	(369,610)	(1,622,910)	(374,935)
Adjustments to reconcile profit before tax to net cash flows
Depreciation	9,968	–	11,707
Loss on sale of fixed assets	130	-	-
Share based payments	82,160	255,083	-
Loan arrangement fees	45,000	–	-
Directors' remuneration	84,000	–	-
Liabilities settled in shares	9,000	–	-
Foreign exchange differences	(19,776)	–	25,528
Working capital changes
Movement in inventories	(56)	–	382
Movement in trade and other receivables	36,451	–	10,332
Movement in trade and other payables	(531,615)	–	167,088
Net cash used in operating activities	(654,348)	–	(159,898)
Tax Paid	-	(912)	-
Cash flows from investing activities
Investment in associate	-	-	-
Purchase of subsidiary	(911,102)	–	-
Purchase of exploration & evaluation assets	(371,713)	–	-
Finance income	1,376	2,140	211
Net cash (used in)/from investing activities	(1,281,439)	2,140	211
Cash flows from financing activities
New loans	903,000	-	150,000
Repayment of lease liabilities	(2,241)	(13,215)	(7,975)
Lease interest	-	(3,264)	(1,646)
Proceeds on issue of ordinary shares	1,080,997	–	-
Finance costs	(2,911)	–	-
Net cash generated from financing activities	1,978,845	–	140,379
Net increase/(decrease) in cash and cash equivalents	43,058	–	(19,308)
Cash and cash equivalents at beginning of year	4,569	597,055	36,038
Exchange losses on cash and cash equivalents	(9)	–	(108)
Cash and cash equivalents at end of the	47,618	–	16,622

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	–	0.0	0.0
Operating profit	(0.9)	(0.9)	(2.0)
Depreciation (owned assets)	0.0	0.0	–
Share-based payments	–	0.0	0.3
Operating profit to net income
Finance costs	–	(0.0)	(0.0)
Profit before tax	(0.9)	(0.9)	(2.0)
Net income (owners)	(0.9)	(0.9)	(2.0)
Per share
EPS basic	(1.2p)	(1.4p)	(3.3p)
EPS diluted	(1.2p)	(1.4p)	(3.3p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Operating profit	(0.4)	n/m	(0.5)	(0.4)
Depreciation (owned assets)	0.0	n/m	0.0	0.0
Share-based payments	0.1	–	–	–
Operating profit to net income
Profit before tax	(0.4)	n/m	(0.5)	(0.4)
Net income (owners)	(0.4)	n/m	(0.5)	(0.4)
Per share
EPS basic	(0.3p)	–	(0.8p)	(0.5p)
EPS diluted	(0.3p)	–	(0.8p)	(0.5p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(0.8)	(0.3)	(1.1)
Tax paid	–	0.0	(0.0)
Investing activities
Capex (PP&E)	–	(0.0)	–
Financing activities
Lease principal paid	(0.0)	(0.0)	(0.0)
Lease interest paid	–	(0.0)	(0.0)
Shares issued	–	(0.0)	0.4

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(0.7)	n/m	(0.2)	(0.2)
Financing activities
Lease principal paid	(0.0)	n/m	(0.0)	(0.0)
Lease interest paid	–	–	(0.0)	(0.0)
Shares issued	1.1	–	–	–

	Latest Jun 26	FY 25	FY 24
Non-current assets
Other intangibles	4.3	0.3	0.3
Property, plant & equipment	5.2	5.1	5.5
Associates & JVs	–	0.8	0.0
Current assets
Inventories	0.0	0.0	0.0
Trade receivables	0.2	0.2	0.2
Cash	0.0	0.0	0.0
Current assets	0.2	0.2	0.3
Current liabilities
Trade payables	0.6	1.2	0.9
Borrowings, current	1.6	0.8	0.2
Current liabilities	2.2	2.0	1.1
Equity
Non-controlling interests	(0.0)	(0.0)	(0.0)
Total equity	7.4	4.4	5.0

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Other intangibles	4.3	0.3	0.3	0.3
Property, plant & equipment	5.2	5.1	5.0	5.5
Associates & JVs	–	0.8	–	0.0
Current assets
Inventories	0.0	0.0	0.0	0.0
Trade receivables	0.2	0.2	0.2	0.2
Cash	0.0	0.0	0.0	0.0
Current assets	0.2	0.2	0.3	0.3
Current liabilities
Trade payables	0.6	1.2	0.9	0.9
Borrowings, current	1.6	0.8	0.3	0.2
Current liabilities	2.2	2.0	1.3	1.1
Equity
Non-controlling interests	(0.0)	(0.0)	(0.0)	(0.0)
Total equity	7.4	4.4	4.3	5.0

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

Company filings. Not investment advice.