Reabold Resources (RBD) H2 2025 earnings summary

Executive summary

• Achieved strategic transformation by increasing interests in key gas assets: West Newton (UK) and Colle Santo (Italy).

• Launched KryptoByte Ltd to monetize stranded gas via Bitcoin mining and data centers.

• Completed sale of LNEnergy interest to Beacon Energy for shares and a €16m earn-out, crystallizing value and reducing future funding needs.

• Raised £4.2m post year-end to fund West Newton development and maintain liquidity.

Financial highlights

• Loss attributable to shareholders was £7.8m (2024: £3.4m), mainly due to a £4.0m impairment on Danube.

• Cash at year-end was £2.1m (2024: £6.2m); post year-end raise increased cash to £4.4m.

• Net assets at year-end were £35.9m (2024: £38.9m).

• Exploration and evaluation assets rose to £29.0m (2024: £7.0m) due to Rathlin consolidation.

• Administrative expenses increased to £2.7m (2024: £2.0m), reflecting Rathlin consolidation.

Outlook and guidance

• Well positioned to progress West Newton with planned A-2 well recompletion in H2 2026.

• Anticipates further reductions in G&A at Rathlin and continued focus on disciplined capital allocation.

• Expects to complete full divestment of LNEnergy to Beacon in Q3 2026, unlocking further value.