Business
Annual Results for the year ended 31 December 2025
Cadence Minerals PLC reported its annual results for the year ended December 31, 2025, showing a net loss of £1.71 million, an improvement from the previous year's £3.33 million loss, primarily due to reduced losses on its investment portfolio. The company's net assets increased to £18.62 million from £17.21 million, reflecting debt reduction and share issuances. The strategic focus remains on the Amapá Iron Ore Project, specifically the Azteca restart, which has progressed into the execution phase following the receipt of key environmental and installation licenses. Post-period, the company secured litigation funding for its Sonora Lithium Project claims and continues to manage its capital to advance its development plans, though the commissioning timetable for Azteca has been extended. Disclaimer*
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\", or \"the Company\")\n \nAnnual Results for the year ended 31 December 2025\nCadence Minerals (AIM: KDNC) is pleased to announce its final results for the year ending 31 December 2025. The full Annual Report and Audited Financial Statements will be available on the Company's website at https://www.cadenceminerals.com/ and will be posted to shareholders shortly.\nChairman's Statement\nDear Shareholders,\n \nI present the Company's Annual Report and Audited Financial Statements for the year ended 31 December 2025.\n \nThe year under review was one of measured progress for Cadence, set against continued uncertainty in commodity and capital markets. The Company remained pre-production at year end, and I recognise that progress has taken longer than shareholders would have wished. During the year the Board made one important strategic decision. Rather than pursuing the full redevelopment of Amapá as a single project, we prioritised Azteca as the first operating stage. That decision reduced initial capital requirements and established a more practical route toward operating cash flow.\n \nCommodity conditions were mixed. Iron ore proved relatively resilient, particularly where product quality was higher, while lithium experienced a more pronounced correction. These cycles are part of the sector. The Board's response was to concentrate capital on assets with clearer near-term value drivers and to maintain financial discipline. On those measures, I believe Cadence ended the year in a stronger position than it began.\n \nFor reporting purposes, Amapá is presented as two related stages: Azteca, the near-term restart project, and the Amapá DR Project, the larger redevelopment opportunity.\n \nDuring the year, Cadence completed several defined Azteca milestones. We defined the production plan, agreed heads of terms for a prepayment offtake structure ...
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