Eurasia Mining : Annual Report and Accounts 31 December 2025

About this update from Eurasia Mining Plc

EURASIA MINING PLC Company number 03010091 Annual Report and Accounts 31 December 2025 Contents Chairman's statement 2 Strategic Report 5 Environmental, social and governance 12 Directors' report 16 Independent Auditors' Report 26 Consolidated statement of profit or loss and other comprehensive income 34 Consolidated statement of financial position 35 Company statement of financial position 36 Consolidated statement of changes in equity 37 Company statement of changes in equity 39 Consolidated statement of cash flows 40 Company statement of cash flows 41 Notes to the financial statements 42 General information 42 Going concern 42 Changes in accounting policies 43 Summary of material accounting policies 45 Critical accounting judgements and key sources of estimation uncertainty 50 Segmental information 51 Employees 51 Revenue 52 Profit/(loss) for the year 53 Finance cost 53 Other gains and losses 54 Income taxes 55 Property, plant and equipment 56 Intangible assets 57 Subsidiaries 58 Other financial assets 60 Inventories 61 Trade and other receivables 61 Cash and cash equivalents 61 Issued capital 62 Share based payments 63 Other reserves 64 Borrowings 64 Trade and other payables 65 Provisions 65 Related party transactions 66 Earnings (loss) per share 67 Risk management objectives and policies 68 Subsequent events 71 Chairman's statement The Group achieved its first significant net profit after tax of £7.2 million in 2025, marking an important milestone in the Company's development. The continuing planned sale remains the primary focus for the Company. In late 2025, our indirect subsidiary Eurasia Mining Services was presented with an opportunity to sell its 68% interest in ZAO Kosvinsky Kamen ("KK"), which owns the West Kytlim mine and represents approximately 0.3% of the Group's total reserves and resources. In early 2026, an Extraordinary General Meeting was held in relation to this potential transaction, with all resolutions passed successfully. Completion of the sale remains subject to the receipt of the necessary approvals, which are currently awaited. As Chairman, it is worth sharing some strategic thoughts with shareholders. Today we expect the global geopolitical situation to improve with firstly the already achieved ceasefire in the Middle East and secondly a possible "imperfect peace" in Ukraine, much as JPMorgan put it in its report of last mon...

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