Evrima Plc - Interim Results for the Six Months Ended 30 June 2024

Evrima Plc - Interim Results for the Six Months Ended 30 June 2024

PR Newswire

LONDON, United Kingdom, September 27

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

27 September 2024

 

Evrima PLC (“Evrima” or the “Company”)

 

AQSE: EVA

 

 

Interim Results for the Six Months Ended 30 June 2024

 

 

Evrima, an investment issuer with a primary focus on the commodities, mineral exploration, and development sectors, is pleased to announce its unaudited interim financial results for the six-month period ending 30 June 2024.

 

As at 30 June 2024, Evrima continued to hold a broad and varied portfolio of investments, spanning both listed and private entities. These investments reflect the Company’s dedication to seeking out opportunities that align with its focus on high-growth potential in the commodities and exploration industries.

 

The listed portion of Evrima’s investment portfolio is composed of carefully selected public companies, chosen to leverage the Company’s ability to respond to evolving global market trends. These listed investments are aligned with Evrima’s objective of maximising shareholder returns through calculated engagement with market movements and economic shifts.

 

In tandem, Evrima remains actively involved in identifying and supporting privately owned companies that demonstrate significant potential for expansion and long-term success. Each private investment is subjected to thorough due diligence and is chosen based on its alignment with Evrima’s strategic goals for value creation and long-term profitability.

 

The Company remains committed to a hands-on approach in managing its investments, continuously evaluating performance and adapting to the broader economic and geopolitical environment. Evrima’s strategy is built on a foundation of adaptability, aiming to optimise returns while mitigating risks associated with market volatility.

 

Evrima is dedicated to maintaining a well-balanced portfolio, with a continued focus on capitalising on emerging opportunities and favourable conditions within its core sectors. The Company remains vigilant in monitoring the progress of its investments, ensuring that it can respond swiftly and effectively to market dynamics.

 

The Company will continue to keep shareholders updated on any material developments regarding its portfolio in forthcoming announcements.

 

The half-yearly financial report has not been audited or reviewed by the Company’s auditors.

 

 

 

 

The Directors of the Company, who have issued this RIS announcement after due and careful enquiry, accept responsibility for its content.

 

REGULATORY ANNOUNCEMENT ENDS

 

Enquiries:

Company:

Burns Singh Tennent-Bhohi (CEO & Director)

[e-mail]

Simon Grant-Rennick (Executive Chairman)

[e-mail]

 

 

Novum Securities Limited (Corporate Adviser):

David Coffman / George Duxberry: + 44 (0) 20 7399 9400

 

Peterhouse Capital Limited (Corporate Stockbroker):

Lucy Williams: [phone]

Statement of comprehensive income for the six months ended 30 June 2024
			6 months ended		Year ended		6 months ended
			30 June		31 December		30 June
			2024		2023		2023
			(unaudited)		(audited)		(unaudited)
			£		£		£
Turnover			-		-		-
Administrative expenses			(127,923)		(271,998)		(140,151)
Operating profit/(loss)			(127,923)		(271,998)		(140,151)
Other operating income			26,282		29,981		5,000
Operating loss			(101,641)		(242,017)		(135,151)
Fair value movement			(107,357)		(555,075)		(189,811)
Profit/(loss) for the year from continuing operations			(208,998)		(797,092)		(324,962)
Interest payable			(65)		(11,304)		-
Loss before taxation			(209,063)		(808,396)		(324,962)
Tax on loss			-		54,780		-
Loss for the financial year			(209,063)		(753,616)		(324,962)
Basic earning per share - in pence			(0.005)		(1.910)		(0.001)
Diluted earning per share - in pence			(0.005)		(1.910)		(0.001)

 

Statement of financial position as at 30 June 2024
			6 months ended		Year ended		6 months ended
			30 June		31 December		30 June
			2024		2023		2023
			(unaudited)		(audited)		(unaudited)
		Notes	£		£		£
Fixed assets
Investments		1	302,075		546,525		870,973
Current assets
Investments		1	462,457		474,086		741,630
Debtors			73,766		25,360		32,353
Cash at bank			5,131		6,886		172
Total current assets			541,354		506,332		774,155
Current liabilities
Creditors falling due within one year			31,194		31,559		140,395
Total current creditors			31,194		31,559		140,395
Net current assets			510,160		474,773		633,760
Total assets less current liabilities			812,235		1,021,298		1,504,733
Provisions for liabilities			-		-		(54,780)
Net assets			812,235		1,021,298		1,449,953
Capital & reserves
Share capital			244,068		244,068		244,068
Share premium			1,360,029		1,360,029		1,360,029
Other reserves			44,100		44,100		44,100
Retained earnings			(835,962)		(626,899)		(198,244)
Total capital & reserves			812,235		1,021,298		1,449,953

 

Statement of changes in equity as at 30 June 2024
		Share capital	Share Premium	Share based payment reserve	Retained earnings	Total owner's equity
		£	£	£	£	£
Balance at 1 January 2023		244,068	1,360,029	44,100	126,717	1,774,914
Profit for the period		-	-	-	(753,616)	(753,616)
Balance at 31 December 2023		244,068	1,360,029	44,100	(626,899)	1,021,298
Profit for the period		-	-	-	(209,063)	(209,063)
Balance at 30 June 2024		244,068	1,360,029	44,100	(835,962)	812,235

 

Notes to the statement of financial position

1.	Investments
Listed investments
Company					Shares held	Share price a
Premium Nickel Resources Limited					405,000	CAD$ 0.830
Coinsilium Group Plc					300,000	US$ 0.020
Tertiary Minerals Plc					10,000,000	GBP£ 0.093
Rover Crital Minerals Corp					100,000	CAD$ 0.025
Katoro Gold Plc					20,000,000	GBP£ 0.105
Unlisted investments
Company					Shares held	Share price b
Kalahari Key Mineral Exploration Pty					3,802	GBP£ 18.928
Eastport Ventures Inc					4,026,902	CAD$ 0.200
The listed investments share price was the quoted price at the close of trading on 30 June 2024
The unlisted investments share price is a fair value assessment on 30 June 2024

 

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