Business
Unaudited Interim Results
Reabold Resources PLC reported a loss attributable to shareholders of £1.4 million for the first half of 2025, compared to a £2.0 million loss in the first half of 2024. Administrative expenses increased to £1.2 million, including £0.3 million from Rathlin, which was consolidated into the Group in January 2025. Exploration expenses were £0.0 million, down from £0.3 million. The share of losses of associates decreased to £0.2 million. Net cash stood at £4.0 million as of June 30, 2025. Exploration and evaluation assets increased to £29.8 million, including £22.4 million related to Rathlin's West Newton interest. Investments in associates decreased to £9.6 million. Decommissioning provisions increased to £1.9 million. Reabold acquired 20.4% of shares in Rathlin for £700,000. Disclaimer*
About this update from Reabold Resources Plc
[{"type":"text","content":"\n\n30 September 2025\n \nREABOLD RESOURCES PLC\n(\"Reabold\" or the \"Company\")\n \nUnaudited Interim Results for the Six Months Ended 30 June 2025\n \nReabold Resources plc (AIM: RBD), the investing company focussed on developing strategic gas projects for European energy security, announces its unaudited interim results for the six months ended 30 June 2025. The results are included below and are also available at www.reabold.com.\n \nHighlights\nLNEnergy - Colle Santo gas field, Italy\n \n· LNEnergy Limited (\"LNEnergy\") acquired the entire outstanding issued share capital of LNEnergy S.r.l. LNEnergy S.r.l is the Italian company that has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy, a highly material gas resource with an estimated 65Bcf of 2P reserves1.\n \n· Post period end, LNEnergy's Small Scale-LNG development plan in Colle Santo, Italy, was granted a positive opinion by the Independent Environmental Impact Assessment (\"EIA\") Commission of the Italian Ministry for the Environment and Energy Security - a significant milestone towards the final EIA Ministerial Decree and the award of the Natural Gas Production Concession.\n \n· In July 2025, Reabold increased its interest in LNEnergy to 46.2%.\n \nRathlin Energy (UK) Limited (\"Rathlin\") and West Newton - PEDL 183\n \n· Reabold increased its interest in West Newton via the acquisition of 20.4% of the shares in Rathlin from Connaught Oil & Gas Limited for a total cash consideration of £700,000. Reabold's total shareholding in Rathlin now stands at 79.8%, and its economic interest in West Newton stands at 69.9%.\n \n· Post period end, Reabold announced the potential use of gas produced from the existing wells at West Newton to generate on-site electricity and power crypto mining activities, and that it had entered into a non-binding LOI with 360 Energy, Inc. to scope and design a potential bitcoin mining solution at West Newton, subject to regulatory and third-party approvals.\n \n· Paul Harris, former CEO of NEO Energy, was appointed to the Board of Rathlin.\n \n \n1 RPS estimate, September 2022\n\n\n \n&nb...