CONCORD RESOURCES LIMITED

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

UK-adopted international accounting standards

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements (the "going concern period").”

Group structure

1. CONCORD RESOURCES LIMITED · parent
   1. Concord Resources International Commercial and Trading (Shanghai) Co. Limited 100% · China (Shanghai) Free Trade Zone
   2. Concord Resources Europe B.V. 100% · Netherlands

Significant events

• “Another negative impact in the year was Nevada Copper, an operation which was genuinely extremely promising, filed for bankruptcy in 2024.”
• “In December 2025, Atlantic Alumina Company LLC ("Atalco") closed a significant equity financing agreement with the United States Department of War ("DoW") which will provide US$150m of new equity funding from the DoW alongside US$300m of new equity funding underwritten by Concord's existing majority Shareholders, to support the re-expansion of the alumina and bauxite operations back to their nameplate capacity.”
• “On 30 December 2025, subsequent to the reporting date and prior to the date on which these financial statements were authorised for issue, control of the Company changed. As a result, the Company's ultimate parent undertaking is Pinnacle Asset Management LP, a limited partnership organised in the United States.”

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

0

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.

• Turnover

  -32.2%

  £2,050,123,054 → £1,388,989,622

• Cash

  -43.5%

  £11,289,844 → £6,376,575

• Net assets

  -11%

  £166,644,181 → £148,305,411

• Employees

  -3.8%

  53 → 51

• Operating profit

  -78.5%

  £25,292,809 → £5,429,948

• Profit before tax

  +2.2%

  -£10,638,992 → -£10,402,520

• Wages

  +4.6%

  £7,349,889 → £7,688,658

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