Amigo Resources (AMGO) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and housekeeping notes, followed by an outline of the agenda including a review of developments, financial performance, voting on resolutions, and Q&A sessions.

Financial performance review

• GBP 1.68 million raised in December 2025, including GBP 188,000 from a retail offer that was 4.7x oversubscribed and GBP 1.5 million via convertible loan notes.

• Net cash resources at end of September 2025 stood at GBP 460,000 after completion of the wind down and liquidation of subsidiaries.

• Profit for the period was GBP 70.8 million, mainly due to GBP 71.3 million of intercompany balances being waived.

• No revenue was generated during the period as trading ceased; costs were minimized through staff reductions and office moves.

• GBP 108.2 million was paid to scheme creditors, exceeding the GBP 95 million expected.

Board and executive committee updates

• Jim McColl joined as strategic consultant in March 2024, became non-executive director in September 2024, and resigned in February 2026.

• Kerry Penfold, CEO and CFO, resigned in May 2025; her duties were assumed by Nick Beale.

• Andy Chee joined as non-executive director in December 2025.