Interim Results for the Six Months Ended 30 June 2024
27/09/2024 07:00
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 Share Premium Share based payment reserve Retained earnings Total owner's equity
capital
£ £ £ £ £
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
1. The listed investments share price was the quoted price at the close of trading on 30 June 2024
1. The unlisted investments share price is a fair value assessment on 30 June 2024
Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved