Eurasia Mining (EUA) H2 2025 earnings summary

Executive summary

• Achieved first significant net profit after tax of £7.2 million for 2025, reversing a prior year loss of £8.6 million.

• Strategic focus remains on the planned sale of Russian assets, particularly the 68% interest in ZAO Kosvinsky Kamen (West Kytlim mine), with shareholder approval obtained but completion pending regulatory approvals.

• Raised approximately US$4 million in March 2025, providing funding for at least 24 months.

• Continued advancement of Arctic assets (Monchetundra and NKT projects), which represent 99.7% of total reserves and resources.

Financial highlights

• Revenue for 2025 was £5.4 million, down from £6.6 million in 2024.

• Gross profit of £1.24 million, compared to a gross loss of £65,130 in 2024.

• Operating profit of £8.47 million, up from a loss of £6.39 million in 2024, mainly due to foreign exchange gains.

• Profit after tax of £7.17 million, compared to a loss of £8.65 million in 2024.

• Basic earnings per share of 0.15p (2024: loss of 0.23p).

Outlook and guidance

• Strategy remains focused on maximizing shareholder value through the potential disposal of Russian assets, including West Kytlim and Arctic projects.

• Directors are not considering any equity raise before a settlement in Ukraine; may consider equity financing for Arctic assets if market value improves post-settlement.

• Ongoing monitoring of geopolitical and sanctions environment; financial discipline and optionality to be maintained.