Business
Final Results for year ended 31 March 2025
Tirupati Graphite plc has released its audited annual results for the year ended 31 March 2025, reporting a total production of 2,169 metric tonnes of flake graphite, primarily from its Vatomina project. The company experienced an operating loss of £5.2 million, a pre-tax loss of £5.8 million, and an after-tax loss of £5.9 million, a significant shift from the previous year's profit. Trading of the company's shares remains suspended pending the filing of its September 2025 half-year report. The company is actively implementing a comprehensive improvement plan for its operations, which faced challenges including weather impacts, ore quality issues, and equipment failures. Disclaimer*
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[{"type":"text","content":"\n\n13 March 2026\nTirupati Graphite plc\n('Tirupati' or the 'Company')\nAnnual Report & Accounts for the year ended 31 March 2025\nTirupati Graphite plc (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces its delayed audited annual results and filing of the Annual Report & Financial Statements for the year ended 31 March 2025 (the \"2025 Annual Report\"). The 2025 Annual Report will be made available shortly at https://tirupatigraphite.co.uk/ and is being filed with Companies House today.\n\nKey points for the year ended 31 March 2025:\n· Total production was 2,169 metric tonnes (\"MT\") of flake graphite, largely from the Group's Vatomina project in Madagascar.\n· Vatomina had intermittent production during the year and since, due to a combination of weather impacts, ore quality issues, equipment failures and a number of required upgrades and improvements being identified. A comprehensive improvement plan was since developed, but needed additional funding for completion;\n· The Sahamamy project was in care and maintenance from March 2024;\n· Operating loss: £5.2 million (FY24: £5.1 million);\n· Loss before tax: £5.8 million (FY24: £0.1 million pre tax profit);\n· Loss after tax: £5.9 million (FY24: £0.01 million); and\n· Trading of the Company's shares though its listing on the LSE remains suspended pending the publication of these results and the subsequent September 2025 half year report, which is now expected to be filed very shortly.\n \n \nMark Rollins, Chairman of Tirupati Graphite, commented:\n \n\"We are pleased to publish the delayed 2025 annual report and accounts. While the annual report covers a very difficult period for the Company and all its stakeholders, the turnaround initiatives in 2025 have now placed it on a much firmer basis to realise the underlying potential of its assets.\nThis is a key step in returning to compliance with our listing obligations, the final step of which will be the filing of the September 2025 interim report, expected very shortly.\"\n\n\n \n \nSummary of the Operating Results for the year ended 31 March 2025:\n\n\n\n\n\n\n\nUnits\n\n\nFY 2024-25\n\n\nFY ...