Business
2025 Half-Yearly Financial Report
Aminex PLC reported a loss of US$1.50 million for the six months ended June 30, 2025, compared to a loss of US$1.35 million for the same period in 2024. Revenues from continuing operations were US$17,000, with a cost of sales of US$18,000, resulting in a gross loss of US$1,000. Administrative expenses totaled US$0.91 million, and impairments against exploration and evaluation assets were US$132,000. The company also recognized an impairment against property, plant, and equipment assets of US$163,000. Finance costs amounted to US$293,000, including a decommissioning interest charge of US$194,000. The Group drew US$0.75 million from the Eclipse funding facility, bringing cash and cash equivalents to US$0.95 million. Disclaimer*
About this update from Aminex Plc
[{"type":"text","content":"\n\n26 September 2025\n \n2025 HALF-YEARLY FINANCIAL REPORT\n \nAminex PLC (\"Aminex\" or \"the Group\" or \"the Company\") announces its unaudited half-yearly report for the six months ended 30 June 2025.\n \n \nREPORTING PERIOD HIGHLIGHTS\n \n· Ntorya Gas Development enters construction phase with the award of the Ntorya-Madimba pipeline contract, with the procurement process already commenced and groundwork starting in January 2026 and completion targeted by July 2026.\n· Updated Field Development Plan submitted by ARA Petroleum Tanzania, outlining a phased approach with a 35-year production horizon and a materially higher gas plateau of 280 MMcfd - exceeding Tanzania's current national production.\n· Initial production to reach 60 MMcfd from three wells (Ntorya-2, Ntorya-1 and Chikumbi-1) once the pipeline is commissioned, with first gas expected shortly after mid-2026.\n· Strategic national impact, with Ntorya positioned to alleviate energy poverty by replacing polluting fuels, expanding reliable gas supply for power, industry, and agriculture, and strengthening Tanzania's long-term energy security.\n· Carried interest from the Ruvuma PSA Farm-Out still expected to cover Aminex's participating interest of cash calls through to commercial production, whilst operating costs have been maintained at recent historically low levels.\n· Loss for the period of US$1.50 million (30 June 2024: loss of US$1.35 million).\n \nCharles Santos, Executive Chairman of Aminex commented:\n \n\"The Ntorya Gas Development has now entered its construction phase, marking a decisive turning point for Aminex and for Tanzania's energy future. With a long-term development plan submitted, strong support from the Ministry of Energy, TPDC and PURA, and first gas expected shortly after mid-2026, Ntorya is positioned to deliver cleaner, reliable energy that will help alleviate energy poverty, drive industrial growth and create lasting value for both Tanzania and our shareholders.\"\n \n\n\n\n\n\n\n\n\n \nFor further information:\n \n\n\n\n\n\n\n\nAminex PLC\n\n\n+44 203 355 9909\n\n\n\n...