Eurasia Mining (EUA) H1 2026 earnings summary

Executive summary

• Majority interest in West Kytlim mine approved for sale to focus on Arctic Kola assets, which hold 99.7% of reserves and resources.

• Significant progress at Monchetundra and NKT mines, aiming to establish a new mining cluster in the Arctic.

• Geopolitical developments, especially Ukraine conflict negotiations, are influencing business priorities and market value.

Financial highlights

• Revenue for H1 2026 reached £2.3 million, compared to nil in H1 2025.

• Gross profit for H1 2026 was £1.07 million, with profit before tax at £806,404.

• Basic and diluted EPS for H1 2026 was 0.01 pence per share, down from 0.16 pence in H1 2025.

• Net foreign exchange gain of £671,507 contributed to other gains.

• Total comprehensive loss for H1 2026 was £403,368, compared to a profit of £2.5 million in H1 2025.

Outlook and guidance

• Focus remains on advancing Kola Arctic assets, with updates expected as work progresses.

• Ongoing multinational peace efforts are expected to positively impact operations and value creation.