CAPITAL METALS PLC

1. CAPITAL METALS PLC 2021-01-12 → present
2. EQUATORIAL PALM OIL PLC 2008-05-02 → 2021-01-12
3. EQUATORIAL BIOFUELS PLC 2006-11-15 → 2008-05-02
4. NARDINA RESOURCES PLC 2005-09-27 → 2006-11-15
5. TARI RESOURCES PLC 2005-09-06 → 2005-09-27

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

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: Obtaining the directors' going concern assessment and evaluating the appropriateness of the assessment; Checking the arithmetical accuracy of the cash flow forecast and assessing the Group's historical forecasting accuracy; Reviewing the budgets and cashflow forecasts which cover the period to 31 March 2027 and challenging management's basis for the underlying assumptions in the forecasts, agreeing to supporting documentation such as license commitments, post year end bank statements, management accounts and regulatory news service announcements; Performing sensitivity analysis on the cashflow forecasts to assess the available cash headroom; Comparing management's forecasts to actual results subsequent to the year end and discussing variances to the forecast results; Verifying available cash resources including the post year end fund raising; Reviewing the external market factors affecting the group and its future economic viability and ensuring this is appropriately reflected in the forecasts; and Reviewing the adequacy of the disclosures in respect of going concern to ensure in line with the reporting requirements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CAPITAL METALS PLC · parent
   1. Capital Metals Limited 100% · British Virgin Islands · Holding company
   2. Brighton Metals Limited 100% · British Virgin Islands · Holding company
   3. Redgate Lanka (Pvt) Limited 100% · Sri Lanka · Holding/Investment
   4. Damsila Exports (Pvt) Limited 60.01% · Sri Lanka · Exploration
   5. Eastern Minerals (Pvt) Limited 100% · Sri Lanka · Exploration
   6. Green Tech Minerals (Pvt) Limited 100% · Sri Lanka · Holding/Investment

Significant events

• “We made significant progress during the Year in advancing the Taprobane Minerals Project... materially reduced Stage 1 Project capex, worked with key suppliers to advance engineering and plant design, strengthened our leadership and in-country team, and commenced a drilling programme which is now positioning the Company to materially enlarge its Mineral Resource.”
• “In April 2024, we announced the appointment of Bruce Griffin as a Non-Executive Director.”
• “In July 2024, Stuart Forrester, an experienced engineering professional... was appointed as Chief Operating Officer (non-Board position).”
• “In March 2025, we were pleased to announce the appointment of Hannam & Partners as Broker and Financial Adviser.”
• “Post Year End, in May 2025, we announced a landmark strategic investment of US$2 million into the Company by way of a share subscription by Ambeon, together with an option to invest up to a further US$2 million (the 'Ambeon Option').”
• “Alongside the Ambeon investment, we were delighted that our major shareholder, Sheffield, exercised its right to maintain its 10% shareholding in the Company with a further investment of $267,000.”
• “Other existing shareholders invested a further £400,000 via an oversubscribed retail offer. In total, Capital Metals raised over US$2.8 million in June 2025 with a further US$825,000 in August 2025 pursuant to the Ambeon Option.”
• “In July 2025, we received the first and second batches of drill assay results from the Phase 1 drilling programme.”
• “On 4 August 2025, the Company announced the appointment of Aravinda De Silva and Savanth Sebastian as Non-Executive Directors.”

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

Filings

18

last 12 months

Capital events

10

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -56.2%

  £2,288,606 → £1,001,849

• Net assets

  -14.1%

  £5,322,857 → £4,574,829

• Employees

  +85.7%

  14 → 26

• Operating profit

  -25.5%

  -£691,666 → -£868,117

• Profit before tax

  -22.5%

  -£690,569 → -£845,761

• Wages

  +47.5%

  £69,997 → £103,237

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