EV METALS GROUP PLC

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  Given the current cash position, there is a material uncertainty about whether the Group can continue as a going concern.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. EV METALS GROUP PLC 2017-12-07 → present
2. AUSINOX PLC 2014-07-24 → 2017-12-07

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

HGA Chartered Accountants

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“Given the current cash position, there is a material uncertainty about whether the Group can continue as a going concern.”

Group structure

1. EV METALS GROUP PLC · parent
   1. EV Metals Australia Pty Limited 100% · Australia · Provide management and technical services for the Group
   2. EVM Nickel Chemicals Pty Limited 100% · Australia · Evaluate and develop the Nickel chemicals plant in Saudi Arabia
   3. EVM Lithium Pty Limited 100% · Australia · Evaluate and develop a Lithium Spodumene supply chain in Australia
   4. EVM Lithium Chemicals Pty Limited 100% · Australia · Evaluate and develop the Lithium chemicals plant ("LCP") in Saudi Arabia
   5. Ausinox Pty Limited 100% · Australia · Evaluate and develop stainless steel project
   6. EV Metals Arabia Company for Industry 100% · Saudi Arabia · Evaluate and develop Lithium, Nickel and CAM chemical projects in Saudi Arabia
   7. Riwaq Al-Mawarid Co. for Mining 90% · Saudi Arabia · Acquires and evaluates exploration licenses for the development of the Saudi supply chain in Saudi Arabia
   8. Australian Lithium Alliance Pty Limited 100% · Australia · Manager of the lithium exploration program and prospective joint ventures
   9. EVM Battery Materials Technology Limited 100% · England and Wales · Dormant company
   10. EVM Resources Limited 100% · Australia · Dormant company
   11. EVM Kalgoorlie Nickel Pty Limited 100% · Australia · Dormant company
   12. Beebyn Pastoral Company Pty Limited 100% · Australia · Dormant company
   13. EV Metals Germany Pty Limited 100% · Australia · Dormant company
   14. EV Metals Poland Pty Limited 100% · Australia · Dormant company
   15. EV Metals Poland spółka z ograniczoną odpowiedzialnością 100% · Poland · Dormant company

Significant events

• “EV Metals Group plc entered into an agreement with KM Securities Pty Ltd ("KMS") to sell the shares held in Caerus Mineral Resources plc ("CMRS") for a consideration of £375,000.”
• “The Group received a Notice of Termination from Johnson Matthey plc ("JM") dated 22 September 2023 in relation to the completion of the purchase of battery chemical assets in Poland and Germany.”
• “JM appointed administrators to EVM Nickel Pty Limited under the security documents on 18 February 2024. A Deed of Company arrangement was entered into in February 2025 which saw the control of EVM Nickel Pty Ltd pass to Podium Minerals Ltd.”
• “The Group has withdrawn from the Joint Venture with Zenith Minerals Ltd with a consequent impairment of exploration expenditure of £5million.”
• “Directors commissioned an Ernst and Young ("EY") valuation report which indicated that the estimated value of 100% of equity of EVMA (on a pre-money basis) is between USD$155m to USD$181m at the Valuation Date of 30 June 2024.”

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

Filings

13

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -53.3%

  £2,521,041 → £1,176,928

• Net assets

  -90.8%

  £45,894,279 → £4,212,159

• Employees

  —

  Not reported

• Profit before tax

  -155.5%

  -£21,641,985 → -£55,297,612

• Wages

  -33.5%

  £3,898,008 → £2,590,919

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