KAVANGO RESOURCES PLC
Listed on the London Stock Exchange, the company acts as a parent group for subsidiaries engaged in the exploration of base and precious metals across Botswana and Zimbabwe.
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Cash
£3.5M
USD 4,599,000
+316.2% highest in 3 filed years
Net assets
£16M
USD 21,534,000
+59.1% highest in 3 filed years
Employees
198
+85% highest in 3 filed years
Profit before tax
-£11M
USD -14,933,000
-72.4% lowest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £334,511 | £1,289,935 | +285.6% | |
| Operating profit | -£2,475,381 | -£6,445,163 | -£11,208,750 | -73.9% | |
| Profit before tax | -£2,475,381 | -£6,511,313 | -£11,225,288 | -72.4% | |
| Net profit | -£2,475,381 | -£6,511,313 | -£11,225,288 | -72.4% | |
| Cash | £2,550,553 | £830,640 | £3,457,115 | +316.2% | |
| Total assets less current liabilities | £13,796,136 | £10,173,645 | £16,354,958 | +60.8% | |
| Net assets | £13,796,136 | £10,173,645 | £16,187,326 | +59.1% | |
| Equity | £13,796,136 | £10,173,645 | £16,187,326 | +59.1% | |
| Average employees | 43 | 107 | 198 | +85% | |
| Wages | £622,416 | £1,186,199 | £2,056,679 | +73.4% | |
| Directors' remuneration | £491,294 | £306,586 | £403,374 | +31.6% |
Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -17.9% | -63.4% | -68.5% | |
| Gearing (liabilities / total assets) | 6.5% | 28.8% | 7.0% | |
| Current ratio | 3.66x | 0.73x | 4.25x | |
| Interest cover | — | -72.05x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- KAVANGO RESOURCES PLC 2018-01-24 → present
- KAVANGO RESOURCES LIMITED 2017-12-28 → 2018-01-24
- F2D MINERALS LIMITED 2017-05-31 → 2017-12-28
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The consolidated and Company financial statements have been prepared on a going concern basis. In assessing whether the going concern assumption remains appropriate, the Directors have considered all relevant available information about the current and forecast financial position of the Group, including the Group's cash resources, expected operating expenditures, capital commitments and the timing and likelihood of future funding.”
Group structure
- KAVANGO RESOURCES PLC · parent
- Kavango Minerals (Pty) Ltd 100%
- Kanye Resources (Pty) Ltd 100%
- Shongwe Resources (Pty) Ltd 90%
- Ashmead Holdings (Pty) Ltd 90%
- Icon-Trading Company (Pty) Ltd 90%
- Kavango Zimbabwe Holdings (Private) Limited 100%
- Kavango Mining (Private) Ltd 100%
- Kavango Drilling (Private) Ltd 100%
- Kavango Exploration (Private) Ltd 100%
- Triangle Box Investments (Private) Ltd 100%
Significant events
- “In September 2025, the Company's ordinary shares were admitted to trading on the Victoria Falls Stock Exchange ("VFEX") by way of a secondary listing.”
- “In April 2025, Kavango announced that the Company had entered into a US$5 million interest free convertible loan note facility.”
- “£6.5 million was raised at a price of £0.007 via subscription from a combination of new and existing shareholders during January 2025, following the publication of the FCA approved prospectus.”
- “The transfer of the Hillside claims into the name of Kavango Zimbabwe (Private) Limited was completed in Q4 2025.”
- “At Nara, having exercised the option mid 2025 to acquire 100% of Nara for a consideration of US$3,960,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHITEHORN, Lorraine | Secretary | 2024-09-30 | — | — |
| DALAL, Gautam Shashichandra | Director | 2025-07-01 | Jan 1955 | British |
| GORMAN, Alexandra Rose | Director | 2024-06-06 | Dec 1990 | British |
| GUMBO, Hillary Nyakunengwa | Director | 2021-06-24 | Dec 1962 | Zimbabwean |
| MCALISTER, Donald Alexander Robert | Director | 2024-06-06 | Apr 1959 | British |
| MPOFU, Thamsanqa Paul Bonginkosi | Director | 2026-07-01 | Aug 1959 | Zimbabwean |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORREST, John Charles | Secretary | 2018-02-06 | 2020-05-29 |
| FORREST, John Charles | Secretary | 2018-01-24 | 2021-06-30 |
| GRIST, Brett James | Secretary | 2023-09-18 | 2024-09-30 |
| ONE ADVISORY LIMITED | Corporate Secretary | 2021-07-01 | 2023-09-18 |
| BRETT, Jeremy | Director | 2023-01-01 | 2024-05-27 |
| FORREST, John Charles | Director | 2017-05-31 | 2018-02-06 |
| FOSTER, Michael James Elliot | Director | 2017-05-31 | 2021-12-31 |
| GRIST, Brett James | Director | 2022-02-07 | 2024-05-29 |
| MOLES, Charles Michael | Director | 2018-02-06 | 2022-08-31 |
| SMITH, David | Director | 2021-01-11 | 2025-06-30 |
| TURNEY, Matthew Benjamin | Director | 2021-01-11 | 2025-10-22 |
| WRIGHT, Douglas John | Director | 2018-02-06 | 2020-12-22 |
| WYNTER BEE, Peter Francis | Director | 2023-01-01 | 2026-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Douglas John Wright | Individual | Shares 25–50%, Voting 25–50% | 2017-05-31 | Ceased 2017-12-07 |
| Mr John Charles Forrest | Individual | Shares 25–50%, Voting 25–50% | 2017-05-31 | Ceased 2017-12-07 |
| Mr Michael James Elliott Foster | Individual | Shares 25–50%, Voting 25–50% | 2017-05-31 | Ceased 2017-12-07 |
Filing timeline
Last 20 of 122 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-22 | AA | accounts | Accounts with accounts type group | |
| 2026-06-17 | SH01 | capital | Capital allotment shares | |
| 2026-06-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-17 | SH01 | capital | Capital allotment shares | |
| 2026-03-17 | SH01 | capital | Capital allotment shares | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-23 | SH01 | capital | Capital allotment shares | |
| 2025-12-17 | SH01 | capital | Capital allotment shares | |
| 2025-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-20 | SH01 | capital | Capital allotment shares | |
| 2025-10-08 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-28 | SH01 | capital | Capital allotment shares | |
| 2025-09-09 | SH01 | capital | Capital allotment shares | |
| 2025-08-15 | ANNOTATION | miscellaneous | Legacy | |
| 2025-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 8
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.