Eurasia Mining (EUA) H1 2025 earnings summary

Executive summary

• Achieved significant operational improvements in H1 2025, including a major production scale-up at West Kytlim and an extension of the NKT licence to 2027, enabling further development and permitting.

• Six enrichment plants reached full commercial production, doubling enrichment capacity and achieving record mining volumes, supporting a long-term annual target of 64Koz precious metals.

• Secondary listing completed on the Astana International Exchange, expanding market access.

Financial highlights

• Revenue for H1 2025 was £6.6m, more than tripling year-over-year and setting a historical high.

• Profit before tax reached £6.4m, reversing prior year losses due to positive foreign exchange movements.

• Net profit for the period was £6.4m, compared to a loss of £0.6m in H1 2024.

• Total comprehensive income was £2.5m, a significant turnaround from a £0.97m loss in H1 2024.

• Cash and cash equivalents at period end were £1.87m, down from £3.68m at year-end 2024.

Outlook and guidance

• West Kytlim is positioned to achieve a long-term annual production target of 64Koz of precious metals over a 20-year mine life.

• NKT licence extension to 2027 allows time for resource-to-reserve upgrade and production permit application.

• Ongoing efforts to achieve liquidity events for shareholders and further asset enhancement.