ARIANA RESOURCES PLC

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 in the consolidated financial statements, which indicates that continued operations of the group is dependent on the group's ability to obtain additional financing and generate profitable operations in the future.

1. ARIANA RESOURCES PLC 2005-05-27 → present
2. COBCO 679 PLC 2005-03-24 → 2005-05-27

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 in the consolidated financial statements, which indicates that continued operations of the group is dependent on the group's ability to obtain additional financing and generate profitable operations in the future.”

Group structure

1. ARIANA RESOURCES PLC · parent
   1. Ariana Exploration & Development Limited 100% · United Kingdom · Exploration
   2. Rockover Holdings Limited 100% · British Virgin Islands · Holding Company
   3. Canister Resources (Pvt) Limited 100% · Zimbabwe · Exploration
   4. Portswood Resources Limited 100% · British Virgin Islands · Holding company
   5. Galata Mineral Madencilik San. ve Tic. A.S. 100% · Türkiye · Exploration
   6. Greater Pontides Exploration B.V. 100% · Netherlands · Holding company
   7. Asgard Metals Pty. Ltd. 100% · Australia · Exploration
   8. Western Tethyan Resources Ltd 76.36% · United Kingdom · Holding company
   9. Kosovo Mineral Resources LLC 100% · Republic of Kosovo · Exploration
   10. Kosovo Mining Ventures LLC 100% · Republic of Kosovo · Exploration
   11. Angros Resources LLC 100% · Republic of Kosovo · Exploration
   12. North Macedonia Mineral Resources LLC 100% · North Macedonia · Exploration
   13. Bulgaria Mineral Resources LLC 100% · Bulgaria · Exploration

Significant events

• “Reforestation programme around Kiziltepe mine site.”
• “Beekeeping activities continued at Kiziltepe mine site.”
• “Three environmental audits successfully completed by the Ministry of Environment, Urbanisation and Climate Change.”
• “ISO 14001-Environmental Management System studies implemented at the mine.”
• “Carbon footprint and water footprint reporting completed.”
• “Environmental training for employees continued.”
• “Flora and Fauna report prepared to track biodiversity.”
• “Rehabilitation of drill pads, roads and sumps in Zimbabwe.”
• “Re-purposing bore holes for community well projects in Zimbabwe.”
• “Repair of bore hole pipes at local primary school in Zimbabwe.”
• “Fumigation and repair of damaged roof of local clinic in Zimbabwe.”
• “Wet season environmental flora and fauna survey completed in Zimbabwe.”
• “Acquisition of Dokwe Gold Project in Zimbabwe.”
• “Tavsan Mine commenced mining operations early in the year.”

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

Filings

10

last 12 months

Capital events

6

last 24 months

Officers appointed

1

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.

• Turnover

  —

  Not reported

• Cash

  -63.7%

  £2,517,000 → £913,000

• Net assets

  +101.8%

  £21,514,000 → £43,407,000

• Employees

  +25%

  40 → 50

• Operating profit

  -41.9%

  -£2,046,000 → -£2,904,000

• Profit before tax

  +4,494.9%

  £59,000 → £2,711,000

• Wages

  +18.4%

  £1,041,000 → £1,233,000

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