Rockfire Resources (ROCK) H2 2025 earnings summary

Executive summary

• Achieved significant progress at the Molaoi project, including resource expansion and technical milestones, positioning it as a key European source of germanium and zinc.

• Raised substantial capital through two equity placings, attracting institutional investors and strengthening the balance sheet.

• Advanced corporate maturity with new board appointments and expanded broking capabilities.

Financial highlights

• Reported a net loss of £1,286,937 for 2025, a reduction from £2,292,396 in 2024.

• Administrative expenses decreased to £1,428,330 from £2,000,761 year-over-year.

• Cash and cash equivalents at year-end were £1,057,236, up from £936,205.

• Raised £2 million in July 2025 and £3 million in January 2026 via share placings.

• Share capital increased to £12,308,110 from £9,933,289.

Outlook and guidance

• Focus remains on advancing the Molaoi project towards production, with ongoing pre-feasibility studies and baseline environmental monitoring.

• Continued exploration and expansion in Greece and Australia, with joint ventures and farm-in agreements to leverage external funding.

• Directors confident in securing additional funding as required, despite challenging equity markets.