Rockfire Resources (ROCK) H1 2025 earnings summary

Executive summary

• Loss attributable to shareholders for H1 2025 was £536,087, a reduction of £351,487 year-over-year.

• Focus remains on advancing the Molaoi zinc/germanium/silver/lead project in Greece, with resource category transition and pre-feasibility preparations underway.

• Significant board strengthening with the appointment of Steven Hunt, former Rio Tinto executive and current JORC Chair.

Financial highlights

• Loss for H1 2025: £536,087, compared to £887,572 in H1 2024.

• Total comprehensive loss for H1 2025: £627,224, down from £924,575 in H1 2024.

• Cash and cash equivalents at 30 June 2025: £140,079, down from £514,725 at 30 June 2024.

• Net cash outflow from operating activities for H1 2025: £547,914.

• Intangible assets increased to £5,843,194 at 30 June 2025 from £5,441,856 at 30 June 2024.

Outlook and guidance

• Drilling in H2 2025 expected to upgrade Molaoi resource from Inferred to Indicated and establish a maiden JORC germanium resource, the only one in Europe.

• Net proceeds from a £2 million placing in July 2025 will fund continued Molaoi development and working capital.