KODAL MINERALS PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +3.4%

  £16,326,507 → £16,888,231

• Net assets

  -20.6%

  £57,430,256 → £45,583,547

• Employees

  -3.3%

  60 → 58

• Operating profit

  +26.9%

  -£3,344,304 → -£2,446,081

• Profit before tax

  -140.6%

  £27,186,424 → -£11,026,378

• Wages

  +299.9%

  £24,726 → £98,869

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. KODAL MINERALS PLC 2013-12-19 → present
2. KODAL MINERALS LIMITED 2013-07-08 → 2013-12-19
3. CLEARPHOS LIMITED 2011-03-14 → 2013-07-08
4. LSNR LIMITED 2010-04-13 → 2011-03-14

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the group's and parent company's ability to continue to adopt the going concern basis of accounting included: Reviewing the group's cashflow forecasts, including challenge of the forward-looking assumptions used by management in their assessment; Checking the mathematical accuracy of management's cashflow models and agreeing opening balances to 31 March 2025 actual figures; Corroborating the inputs into the cashflow forecast by checking that they are consistent with the testing performed in respect of management's impairment review; Considering the impact of reasonably foreseeable alternative scenarios on management's cash flow model based on our own assumptions; Reviewing the accuracy and completeness of disclosures in the financial statements”

Group structure

1. KODAL MINERALS PLC · parent
   1. Kodal Norway (UK) Ltd 100% · UK · Dormant company
   2. International Goldfields (Bermuda) Limited 100% · Bermuda · Holding company
   3. International Goldfields Côte d'Ivoire SARL 100% · Côte d'Ivoire · Mining exploration
   4. International Goldfields Mali SARL 100% · Mali · Mining exploration
   5. Jigsaw Resources CIV Ltd 100% · Bermuda · Holding company
   6. Corvette CIV SARL 100% · Côte d'Ivoire · Mining exploration

Significant events

• “On 2 July 2025, the Company issued 33,333,334 ordinary shares to Steven Zaninovich, a Director of the Company, following the exercise of warrants. Total subscription proceeds for the Company from the exercise was £65,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.