Technology Minerals PLC, a UK-listed company focused on creating a sustainable circular economy for battery metals, reported its interim results for the six months to 31 December 2025. The company highlighted several key achievements, including identifying potential multi-commodity targets at its Cameroon project, progressing with rare earth element recovery from industrial by-products in the UK, and strengthening its strategic positioning through proposed board appointments.
Recyclus Group Ltd, a 48.35% owned subsidiary, achieved significant commercial and operational progress, with increased production, strong revenue growth, and its first months of positive cash flow in July and August 2025. Recyclus also secured a £1.1 million loan from Close Brothers and joined a consortium with Jaguar Land Rover and others to advance UK lithium-ion battery recycling innovation.
Post-period highlights include board appointments, a £350,000 fundraise, amended loan terms with Recyclus, and a crowdfunding campaign by Recyclus at a £30 million pre-money valuation. The company remains focused on disciplined execution and long-term value creation, despite a temporary suspension of trading pending the publication of its Annual Report and Accounts.
| Metric | H1 2024 (Restated) | Year Ended 30 June 2025 (Audited) | H1 2025 (Unaudited) |
|---|---|---|---|
| Revenue (£'000) | 695 | 1,499 | 1,499 |
| Gross Profit (£'000) | 487 | 1,141 | 1,319 |
| Operating Loss (£'000) | (1,770) | (5,071) | (1,116) |
| Loss Before Taxation (£'000) | (1,736) | (11,280) | (1,065) |
| Loss for the Period (£'000) | (1,655) | (13,576) | (1,585) |
| Total Assets (£'000) | 20,986 | 12,119 | 12,166 |
| Total Liabilities (£'000) | 10,414 | 12,520 | 14,154 |
| Net (Liabilities)/Assets (£'000) | 10,572 | (401) | (1,988) |
| Current Borrowings (£'000) | 4,376 | 6,237 | 6,780 |
| Non-Current Borrowings (£'000) | 559 | 0 | 1,033 |
| Derivative Financial Liability (£'000) | 696 | 619 | 546 |