Tirupati Graphite Plc (LSE:TGR) has released its delayed 2024 annual report, outlining the financial and operational hurdles encountered throughout the year, including liquidity pressures and executive changes. Despite these setbacks, the company has taken important steps in 2025 to stabilize its business and enhance its financial position, centering on unlocking the value of its core assets.

While the year ended with a modest loss after tax, the acquisition of Suni Resources in Mozambique provided a financial boost that helped mitigate operating losses. Production volumes rose by 49%, yet margin pressures persisted due to operational inefficiencies and challenging market conditions. With these improvements, Tirupati Graphite is now better positioned to comply with listing requirements and advance its growth ambitions.

About Tirupati Graphite Plc

Tirupati Graphite Plc specializes in the flake graphite sector, delivering critical minerals vital for the global energy transition. The company’s operations focus on mining and production activities in Madagascar and Mozambique.

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