EUROMAX RESOURCES (MACEDONIA) UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2 to the financial statements, which indicates that the Company is reliant on the Euromax Resources Limited ("Group") for financial support. The Group consolidated financial statements included a material uncertainty related to going concern which has a direct impact on the Group's ability to financially support the Company. As stated in Note 2, these events or conditions, along with other matters set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -30.1%

  EUR 1,582 → EUR 1,106

• Net assets

  +5.4%

  EUR 10,532,551 → EUR 11,105,576

• Employees

  —

  Not reported

• Operating profit

  +35.1%

  EUR -341,074 → EUR -221,391

• Profit before tax

  +35.1%

  EUR -392,201 → EUR -254,578

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Collards, Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2 to the financial statements, which indicates that the Company is reliant on the Euromax Resources Limited ("Group") for financial support. The Group consolidated financial statements included a material uncertainty related to going concern which has a direct impact on the Group's ability to financially support the Company. As stated in Note 2, these events or conditions, along with other matters set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. EUROMAX RESOURCES (MACEDONIA) UK LIMITED · parent
   1. Euromax Resources DOO Skopje 15% · exploration and development of the Ilovica-Shtuka gold-copper project

Significant events

• “101,250,000 share purchase warrants expired on January 23, 2025.”
• “On February 3, 2025, the Group closed the Second Debt Settlement Agreement to settle portion of the EBRD convertible loan, whereby $0.355 million representing a portion of outstanding interest of the EBRD convertible loan that has been paid off by issuing 23,698,977 common shares to EBRD.”
• “On February 28, 2025 both EBRD convertible loan and CCI convertible loan were extended to February 28, 2026.”
• “On April 28, 2025 the Group issued a promissory note of US$0.475 million to its major shareholder.”

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

Filings

17

last 12 months

Capital events

17

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.