Keras Resources : Interim results 30 June 2025

About this update from Keras Resources Plc

Registered no. 07353748 KERAS RESOURCES PLC UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2025 Page Company Information 1 Chairman's Review 2 Condensed Consolidated Statement of Comprehensive Income 5 Condensed Consolidated Statement of Financial Position 6 Condensed Consolidated Statement of Changes in Equity - 30 June 2025 7 Condensed Consolidated Statement of Changes in Equity - 31 December 2024 8 Condensed Consolidated Statement of Changes in Equity - 30 June 2024 9 Condensed Consolidated Statement of Cash Flows 10 Notes to the Condensed Consolidated Interim Financial Report 11 Directors: R Lamming Executive Chairman B Moritz C Parry Non-Executive Director Non-Executive Director Company secretary: B Moritz Company number: 07353748 Registered office: Coveham House Downside Bridge Road Cobham, Surrey KT11 3EP Nominated advisor & Joint Broker: SP Angel Corporate Finance LLP 35-39 Maddox Street London W1S 2PP Joint broker: Solicitors: Shard Capital Partners LLP 25 Ecclestone Place, London, SW1W 9NF Howard Kennedy 1 London Bridge, London SE1 9BG Auditors: MAH, Chartered Accountants 154 Bishopsgate London EC2M 4LN Registrars: Share Registrars Limited 3 The Millenium Centre Crosby Way Farnham Surrey GU9 7XX I am pleased to provide an update on our progress since the last report and to set out our outlook for the business going forward. The first half of 2025 has been a positive and transitional period for the Company which saw changes in management at the Company's 100% owned Falcon Isle Resources Corp ("FIR"), the final payment to the previous owner of FIR and the bedding down of the 8.4-acre property in Sutherland, 8 miles north of the town of Delta, Utah ("Delta Facility") which includes the Integrated Granulator Plant ("Granulator Plant"). 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. In addition to the positive trends in the US, and as outlined in the Financial review below, the Company has now received its first payments in terms of the Cooperation Agreement it signed in 2023 with the Republic of Togo ("State")("Cooperation Agreement") with regards the Nayéga manganese mine ("Nayéga") in northern Togo owned by Société Togolaise ...

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