Oracle Power (ORCP) H1 2026 earnings summary

Executive summary

• Loss for the six months ended 30 June 2026 was £249,423, a slight improvement from £267,715 in the same period last year.

• Major milestone achieved with the granting of the Mining Lease for the Northern Zone Gold Project in Australia post period end.

• Continued progress on renewable energy and green hydrogen projects in Pakistan, with ongoing discussions for power offtake and potential partnerships.

• Ongoing divestment efforts for the Thar Block VI asset, with interest from potential partners.

Financial highlights

• Operating loss for the period was £261,725, compared to £280,927 for the same period last year.

• Loss before tax was £249,423, compared to £267,715 year-over-year.

• Basic and diluted loss per share remained at (0.002)p, unchanged from the prior year.

• Total comprehensive loss for the period was £148,042, improved from £409,708 in the prior year.

• Cash and cash equivalents at period end were £305,419, down from £557,986 at 30 June 2025 and £697,085 at 31 December 2025.

Outlook and guidance

• Focus remains on advancing the Northern Zone Gold Project towards production, with the Mine Development and Closure Plan in preparation.

• Continued commitment to developing renewable energy, green hydrogen, and Thar Block VI projects in Pakistan.

• Ongoing evaluation of strategic and funding opportunities to support project development.