Business
Interim results
Keras Resources PLC reported a reduced loss of £299,000 for the six months ending June 30, 2025, compared to a loss of £436,000 for the same period in 2024, primarily due to decreased operating and administrative costs. Revenue decreased to £415,000 from £556,000 in the prior year's first half, but revenue to the end of September 2025 has already surpassed the total for the six months ended December 31, 2024. Sales of PhosAgri Organic increased by 21% to 3,934 tons from 3,238 tons in the previous period. The company issued convertible loan notes totaling £750,000 and launched an open offer, raising approximately £150,782 at 1.4 pence per share. The company received its first payment from the Cooperation Agreement with the Republic of Togo, following the shipment of 2,700 tonnes of ore. Disclaimer*
About this update from Keras Resources Plc
Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining 29 September 2025 Keras Resources plc ('Keras' or the 'Company') Interim Results Keras Resources plc (AIM: KRS) announces its unaudited half year results for the six months ending 30 June 2025. Overview · Loss of £299,000 compared to loss of £436,000 in the six-month period ended 30 June 2024. The reduced loss was largely due to an overall reduction in operating and administrative costs in the group compared to the previous period; · Although revenue was lower at £415,000 for the period compared to the £556,000 in the six month period ended 30 June 2024, the second half of the year has been significantly stronger with revenue to the end of September 2025 already outstripping the total for the six months ended 31 December 2024. · Sales of PhosAgri Organic for the period totalled 3,934 tons, an increase of 21% from the 3,238 tons sold in the previous 2024 period; · Colton Hale was appointed Managing Director ("MD") of FIR in March 2025 and has overseen some significant operational changes in the US operation including what we believe is FIR's entry into the ever-growing liquids market; · The Company has now received its first payments in terms of the Cooperation Agreement it signed in 2023 with the Republic of Togo; and · Long term fundamentals of the organic fertiliser marker remain robust. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. **ENDS** For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following: Russell Laming Keras Resources plc [email protected] Nominated Adviser & Joint Broker Ewan Leggat / Jen Clarke Joint Broke...
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