Interim Results for the Six Months Ended 30 June 2024

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THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

27 September 2024

 

Evrima PLC (“Evrima” or the “Company”)

 

AQSE: EVA

 

 

Interim Results for the Six Months Ended 30 June 2024

 

 

Evrima, an investment issuer with a primary focus on the commodities, mineral exploration, and development sectors, is pleased to announce its unaudited interim financial results for the six-month period ending 30 June 2024.

 

As at 30 June 2024, Evrima continued to hold a broad and varied portfolio of investments, spanning both listed and private entities. These investments reflect the Company’s dedication to seeking out opportunities that align with its focus on high-growth potential in the commodities and exploration industries.

 

The listed portion of Evrima’s investment portfolio is composed of carefully selected public companies, chosen to leverage the Company’s ability to respond to evolving global market trends. These listed investments are aligned with Evrima’s objective of maximising shareholder returns through calculated engagement with market movements and economic shifts.

 

In tandem, Evrima remains actively involved in identifying and supporting privately owned companies that demonstrate significant potential for expansion and long-term success. Each private investment is subjected to thorough due diligence and is chosen based on its alignment with Evrima’s strategic goals for value creation and long-term profitability.

 

The Company remains committed to a hands-on approach in managing its investments, continuously evaluating performance and adapting to the broader economic and geopolitical environment. Evrima’s strategy is built on a foundation of adaptability, aiming to optimise returns while mitigating risks associated with market volatility.

 

Evrima is dedicated to maintaining a well-balanced portfolio, with a continued focus on capitalising on emerging opportunities and favourable conditions within its core sectors. The Company remains vigilant in monitoring the progress of its investments, ensuring that it can respond swiftly and effectively to market dynamics.

 

The Company will continue to keep shareholders updated on any material developments regarding its portfolio in forthcoming announcements.

 

The half-yearly financial report has not been audited or reviewed by the Company’s auditors.

 

 

 

 

The Directors of the Company, who have issued this RIS announcement after due and careful enquiry, accept responsibility for its content.

 

REGULATORY ANNOUNCEMENT ENDS

 

Enquiries:

Company:

Burns Singh Tennent-Bhohi (CEO & Director)

burns@evrimaplc.com

Simon Grant-Rennick (Executive Chairman)

simon@evrimaplc.com

 

 

Novum Securities Limited (Corporate Adviser):

David Coffman / George Duxberry: + 44 (0) 20 7399 9400

 

Peterhouse Capital Limited (Corporate Stockbroker):

Lucy Williams: +44 (0) 20 7469 0930

Statement of comprehensive income for the six months ended 30 June 2024

 

 

 

 

6 months ended

 

Year ended

 

6 months ended

 

 

 

30 June

 

 31 December

 

30 June

 

 

 

2024

 

2023

 

2023

 

 

 

(unaudited)

 

(audited)

 

(unaudited)

 

 

 

£

 

£

 

£

 

 

 

 

 

 

 

 

Turnover

 

                              -  

 

-  

 

-  

 

 

 

 

 

 

 

Administrative expenses

 

(127,923)

 

(271,998)

 

(140,151)

Operating profit/(loss)

 

 (127,923)

 

 (271,998)

 

 (140,151)

 

 

 

 

 

 

 

Other operating income

 

26,282

 

29,981

 

5,000

Operating loss

 

 (101,641)

 

 (242,017)

 

 (135,151)

 

 

 

 

 

 

 

Fair value movement

 

 (107,357)

 

 (555,075)

 

 (189,811)

Profit/(loss) for the year from continuing operations

 

 (208,998)

 

 (797,092)

 

 (324,962)

 

 

 

 

 

 

 

Interest payable

 

 (65)

 

 (11,304)

 

-  

 

 

 

 

 

 

 

Loss before taxation

 

 (209,063)

 

 (808,396)

 

 (324,962)

 

 

 

 

 

 

 

Tax on loss

 

-  

 

54,780

 

-  

 

 

 

 

 

 

 

Loss for the financial year

 

 (209,063)

 

 (753,616)

 

 (324,962)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earning per share - in pence

 

(0.005)

 

(1.910)

 

(0.001)

 

 

 

 

 

 

 

 

Diluted earning per share - in pence

 

(0.005)

 

(1.910)

 

(0.001)

 

 

 

 

 

 

 

 

 

Statement of financial position as at 30 June 2024

 

 

 

 

6 months ended

 

Year ended

 

6 months ended

 

 

 

30 June

 

 31 December

 

30 June

 

 

 

2024

 

2023

 

2023

 

 

 

(unaudited)

 

(audited)

 

(unaudited)

 

 

Notes

£

 

£

 

£

Fixed assets

 

 

 

 

 

 

Investments

1

302,075

 

546,525

 

870,973

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Investments

1

462,457

 

474,086

 

741,630

Debtors

 

73,766

 

25,360

 

32,353

Cash at bank

 

5,131

 

6,886

 

172

Total current assets

 

541,354

 

506,332

 

774,155

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Creditors falling due within one year

 

31,194

 

31,559

 

140,395

Total current creditors

 

31,194

 

31,559

 

140,395

 

 

 

 

 

 

 

 

Net current assets

 

510,160

 

474,773

 

633,760

 

 

 

 

 

 

 

Total assets less current liabilities

 

812,235

 

1,021,298

 

1,504,733

 

 

 

 

 

 

 

 

Provisions for liabilities

 

-  

 

-  

 

 (54,780)

 

 

 

 

 

 

 

 

Net assets

 

812,235

 

1,021,298

 

1,449,953

 

 

 

 

 

 

 

 

Capital & reserves

 

 

 

 

 

 

Share capital

 

244,068

 

244,068

 

244,068

Share premium

 

1,360,029

 

1,360,029

 

1,360,029

Other reserves

 

44,100

 

44,100

 

44,100

Retained earnings

 

 (835,962)

 

 (626,899)

 

 (198,244)

Total capital & reserves

 

812,235

 

1,021,298

 

1,449,953

 

 

 

 

 

 

 

 

 

Statement of changes in equity as at 30 June 2024
Share
capital
Share Premium Share based payment reserve Retained earnings Total owner's equity
£ £ £ £ £
Balance at 1 January 2023 244,068 1,360,029 44,100 126,717 1,774,914
Profit for the period -   -   -    (753,616)  (753,616)
Balance at 31 December 2023 244,068 1,360,029 44,100  (626,899) 1,021,298
Profit for the period -   -   -    (209,063)  (209,063)
Balance at 30 June 2024 244,068 1,360,029 44,100  (835,962) 812,235


 

Notes to the statement of financial position

1.

Investments

 

 

 

 

 

 

 

 

 

 

 

Listed investments

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

 

Shares held

Share price a

Premium Nickel Resources Limited

 

405,000

 CAD$ 0.830

Coinsilium Group Plc

 

300,000

 US$ 0.020

Tertiary Minerals Plc

 

10,000,000

 GBP£ 0.093

Rover Crital Minerals Corp

 

100,000

 CAD$ 0.025

Katoro Gold Plc

 

20,000,000

 GBP£ 0.105

 

 

 

 

Unlisted investments

 

 

 

 

 

 

 

 

 

 

Company

 

 

 

Shares held

Share price b

Kalahari Key Mineral Exploration Pty

 

3,802

 GBP£ 18.928

Eastport Ventures Inc

 

4,026,902

 CAD$ 0.200

 

 

 

 

 

 

 

 

  1. The listed investments share price was the quoted price at the close of trading on 30 June 2024
  1. The unlisted investments share price is a fair value assessment on 30 June 2024

 

 

 

 

 

 

 

 

 

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