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)
burns@evrimaplc.com
Simon Grant-Rennick (Executive Chairman)
simon@evrimaplc.com
Novum
Securities Limited (Corporate Adviser):
David Coffman / George
Duxberry: + 44 (0) 20 7399 9400
Peterhouse
Capital Limited (Corporate Stockbroker):
Lucy Williams: +44 (0) 20 7469 0930
|
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
|
|
|
|
|
|
|
|
|
|
|