Kingsrose Mining (KRM) H1 2026 earnings summary

Executive summary

• Continued exploration of nickel, copper, and PGE projects in Fennoscandia, with a focus on the Finnmark Alliance in Norway, fully funded by BHP, and ongoing permitting at the Penikat Project in Finland.

• No sales revenue was recorded for the half year ended 31 December 2025; activities focused on exploration and business development.

• Net loss after tax for the half year was $1,975,331, an improvement from a $2,368,372 loss in the prior year period.

• No board or management changes occurred during the period.

Financial highlights

• Net loss after tax: $1,975,331 for H2 2025, compared to $2,368,372 for H2 2024.

• EBIT: $(1,943,135); EBITDA: $(1,790,407) for the half year.

• Total assets at 31 December 2025: $30,155,170; net assets: $24,313,220.

• Cash and cash equivalents at period end: $22,443,727, down from $27,286,583 at 30 June 2025.

• No sales revenue recorded in the period.

Outlook and guidance

• The company remains focused on acquiring advanced-stage base and precious metals projects to complement its portfolio and drive value creation.

• Adequate cash flows are forecasted to sustain operations for at least 15 months from the reporting date.