KORE POTASH PLC

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  Material uncertainty over going concern

  The 31 December 2025 annual report has been prepared on a going concern basis that contemplates the continuity of normal business activities and the realisation of assets and extinguishment of liabilities in the ordinary course of business. The Directors prepare a cash flow forecast for the period ending 31 March 2027, which indicates that the Group will not have sufficient liquidity to meet its working capital requirements to the end of the going concern period (March 2027). These conditions indicate the existence of a material uncertainty which may cast significant doubt about the ability of the Group to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.

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  Going-concern uncertainty disclosed

Figures converted to GBP from USD at 0.749 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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The 31 December 2025 annual report has been prepared on a going concern basis that contemplates the continuity of normal business activities and the realisation of assets and extinguishment of liabilities in the ordinary course of business. The Directors prepare a cash flow forecast for the period ending 31 March 2027, which indicates that the Group will not have sufficient liquidity to meet its working capital requirements to the end of the going concern period (March 2027). These conditions indicate the existence of a material uncertainty which may cast significant doubt about the ability of the Group to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. KORE POTASH PLC · parent
   1. Kore Potash Limited 100% · Australia · Mining exploration
   2. Sintoukola Potash S.A. 97% · RoC · Mining exploration
   3. Kore Potash Mining S.A. 100% · RoC · Mining exploration
   4. Douguou Potash Mining S.A. 100% · RoC · Mining exploration

Significant events

• “On 10 June 2025, the Company announced that it signed non-binding Term Sheets for availing the total funding requirement for the Kola Project with OWI-RAMS GMBH. Pursuant to the non-binding Term Sheets, OWI-RAMS GMBH has indicated its intention to arrange and then provide a funding package for the Kola Project, amounting to approximately USD2.2 billion, through a blend of senior secured project finance and royalty financing.”

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

Filings

4

last 12 months

Capital events

7

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.