Eurasia Mining Reports £6.4m Profit Before Tax for H1 2025 as Sales More Than Triple Year-on-Year

For the six months ended 30 June 2025, sales were not reported. For the twelve months ended 31 December 2024, sales were £6.64 million, while gross profit for the period was negative £65,130. Administrative costs for the six months to 30 June 2025 were £1.22 million, compared to £885,970 for the same period in 2024. Investment income for the most recent six-month period was £186,702, up from £2,958 in the first half of 2024. Finance costs for the six months to 30 June 2025 reached £280,093, compared to £49,145 for the first half of 2024. Other gains for the six months to 30 June 2025 were £7.87 million, while other losses were £135,190. Profit before tax was £6.42 million for the six months to 30 June 2025, compared to a loss before tax of £571,703 for the first half of 2024. Income tax expense for the period was £1,242. Profit for the period amounted to £6.42 million, compared to a loss of £571,703 for the six months to 30 June 2024. Total comprehensive income for the six months to 30 June 2025 was £2.51 million, compared to a comprehensive loss of £970,857 for the first half of 2024. Foreign exchange differences on translation of foreign operations impacted comprehensive income, with the parent's share at negative £2.75 million and the non-controlling interest share at negative £1.16 million for the six months to 30 June 2025. The group's profit before tax for the first half of 2025 reflects the reversal of foreign exchange losses from 2024, resulting in a positive contribution to the bottom line. Six wholly-owned enrichment plants were launched to full commercial scale production, doubling installed enrichment capacity compared to the previous period and representing six times the average enrichment capacity utilized over the past two years.

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