Income Statement Keras Resources Plc

Stocks

FRX

GB00BMY2T534

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. 11:35:20 2026-09-24 EDT			5-day change	1st Jan Change
1.900 ^GBX	+5.56%		+5.56%	+46.15%

09-14	EARNINGS AND TRADING: Keras trading resumes, to take Cornerstone stake	AN
09-14	WINNERS & LOSERS: Tribal to sell assets; Brave Bison ups System1 tilt	AN

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Published financial data: KERAS RESOURCES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Revenues	362K	994K	916K	1.12M	1.44M
Total Revenues	362K	994K	916K	1.12M	1.44M
Cost of Goods Sold, Total	397K	263K	386K	825K	446K
Gross Profit	-35.2K	731K	530K	294K	996K
Selling General & Admin Expenses, Total	1.16M	1.24M	687K	405K	968K
Depreciation & Amortization - (IS)	-	166K	131K	405K	78K
Amortization of Goodwill and Intangible Assets - (IS)	-	13K	8K	22K	51K
Other Operating Expenses, Total	1.16M	1.41M	826K	832K	1.1M
Operating Income	-1.19M	-683K	-296K	-538K	-101K
Interest Expense, Total	-34.4K	-183K	-	-74K	-174K
Net Interest Expenses	-34.4K	-183K	-	-74K	-174K
Income (Loss) On Equity Invest.	-92.8K	-	-	-132K	-161K
Currency Exchange Gains (Loss)	-	-	-	-	-133K
Other Non Operating Income (Expenses)	-	-	-173K	-9K	89K
EBT, Excl. Unusual Items	-1.32M	-866K	-469K	-753K	-480K
Gain (Loss) On Sale Of Investments	-290K	-	-	-	-
Asset Writedown	-	-	-	-	-2.8M
EBT, Incl. Unusual Items	-1.61M	-866K	-469K	-753K	-3.28M
Income Tax Expense	-	-	6K	-	-
Earnings From Continuing Operations	-1.61M	-866K	-475K	-753K	-3.28M
Earnings Of Discontinued Operations	-	-113K	0	-	-
Net Income to Company	-1.61M	-979K	-475K	-753K	-3.28M
Minority Interest	228K	-97K	-	-	-
Net Income - (IS)	-1.38M	-1.08M	-475K	-753K	-3.28M
Net Income to Common Incl Extra Items	-1.38M	-1.08M	-475K	-753K	-3.28M
Net Income to Common Excl. Extra Items	-1.38M	-963K	-475K	-753K	-3.28M
Per Share Items
Net EPS - Basic	-0.02	-0.01	-0.01	-0.01	-0.03
Basic EPS - Continuing Operations	-0.02	-0.01	-0.01	-0.01	-0.03
Basic Weighted Average Shares Outstanding	59.51M	73.77M	79.91M	83.03M	120M
Net EPS - Diluted	-0.02	-0.01	-0.01	-0.01	-0.03
Diluted EPS - Continuing Operations	-0.02	-0.01	-0.01	-0.01	-0.03
Diluted Weighted Average Shares Outstanding	59.51M	73.77M	79.91M	83.03M	120M
Normalized Basic EPS	-0.01	-0.01	-0	-0.01	-0
Normalized Diluted EPS	-0.01	-0.01	-0	-0.01	-0
Supplemental Items
EBITDA	-1.14M	-622K	-274K	-516K	28K
EBITA	-1.16M	-670K	-288K	-516K	-50K
EBIT	-1.19M	-683K	-296K	-538K	-101K
Effective Tax Rate - (Ratio)	-	-	-1.28	-	-
Current Foreign Taxes	-	-	6K	-	-
Total Current Taxes	-	-	6K	-	-
Normalized Net Income	-598K	-638K	-293K	-471K	-300K
Interest on Long-Term Debt	43K	52K	17K	74K	49K
Supplemental Operating Expense Items
General and Administrative Expenses	1.16M	1.24M	687K	405K	968K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	29.6K	8.86K	2.03K	11.36K	-
Total Stock-Based Compensation	29.6K	8.86K	2.03K	11.36K	-

Fiscal Period: December	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Assets
Cash And Equivalents	166K	207K	185K	249K	153K
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	166K	207K	185K	249K	153K
Accounts Receivable, Total	7K	69K	91K	237K	512K
Other Receivables	87K	85K	71K	74K	68K
Total Receivables	94K	154K	162K	311K	580K
Inventory	273K	668K	621K	532K	482K
Prepaid Expenses	-	37K	9K	8K	11K
Other Current Assets, Total	-	1.56M	-	-	-
Total Current Assets	533K	2.62M	977K	1.1M	1.23M
Gross Property Plant And Equipment	1M	762K	729K	1.53M	1.64M
Accumulated Depreciation	-234K	-260K	-383K	-109K	-176K
Net Property Plant And Equipment	769K	502K	346K	1.42M	1.46M
Long-term Investments	-	-	-	57K	-
Other Intangibles, Total	4.61M	3.56M	3.4M	3.57M	517K
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	5.91M	6.68M	4.73M	6.15M	3.2M
Liabilities
Accounts Payable, Total	962K	262K	238K	404K	292K
Accrued Expenses, Total	93K	59K	176K	118K	182K
Short-term Borrowings	-	-	-	-	112K
Current Portion of Leases	107K	126K	-	-	-
Other Current Liabilities	603K	1.31M	599K	683K	171K
Total Current Liabilities	1.76M	1.76M	1.01M	1.2M	757K
Long-Term Debt	-	-	-	2M	2.02M
Long-Term Leases	112K	-	-	-	-
Other Non Current Liabilities	749K	1.15M	531K	-	-
Total Liabilities	2.63M	2.9M	1.54M	3.2M	2.78M
Common Stock, Total	630K	797K	801K	954K	1.57M
Additional Paid In Capital	4.03M	5.84M	5.85M	6.07M	6.26M
Retained Earnings	-1.72M	-2.99M	-3.46M	-4.22M	-7.38M
Comprehensive Income and Other	111K	282K	-2K	142K	-25K
Total Common Equity	3.05M	3.93M	3.18M	2.95M	424K
Minority Interest	229K	-146K	-	-	-
Total Equity	3.28M	3.78M	3.18M	2.95M	424K
Total Liabilities And Equity	5.91M	6.68M	4.73M	6.15M	3.2M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	62.96M	79.74M	80.1M	95.4M	157M
ECS Total Common Shares Outstanding	62.96M	79.74M	80.1M	95.4M	157M
Book Value / Share	0.05	0.05	0.04	0.03	0
Tangible Book Value	-1.55M	369K	-221K	-623K	-93K
Tangible Book Value Per Share	-0.02	0	-0	-0.01	-0
Total Debt	219K	126K	0	2M	2.14M
Net Debt	53K	-81K	-185K	1.75M	1.98M
Minority Interest, Total (Incl. Fin. Div)	229K	-146K	-	-	-
Equity Method Investments, Total	-	-	-	57K	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	273K	668K	621K	532K	482K
Inventories - Others	-	-	-	-	-
Machinery, Total	689K	409K	387K	972K	1.12M
Full Time Employees	7	6	5	5	5

Fiscal Period: December	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Net Income	-1.38M	-1.08M	-475K	-753K	-3.28M
Depreciation & Amortization - CF	108K	166K	131K	64K	78K
Amortization of Goodwill and Intangible Assets - (CF)	29.6K	13K	8K	22K	51K
Depreciation & Amortization, Total	138K	179K	139K	86K	129K
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	92.8K	-	-	132K	161K
Stock-Based Compensation (CF)	29.6K	118K	2K	-	-
Net Cash From Discontinued Operations	-	-	-45K	-	-
Other Operating Activities, Total	-170K	231K	185K	-83K	2.8M
Change In Accounts Receivable	88.8K	-97K	10K	-147K	-272K
Change In Inventories	-173K	-395K	9K	90K	49K
Change In Accounts Payable	432K	119K	-392K	414K	-72K
Cash from Operations	-945K	-921K	-567K	-261K	-485K
Capital Expenditure	-150K	-	-	-1.13M	-232K
Sale of Property, Plant, and Equipment	-	-	-	-	39K
Cash Acquisitions	126K	-286K	-272K	-639K	-583K
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-430K	-	-	-146K	-
Investment in Marketable and Equity Securities, Total	-	-	-	-191K	-104K
Other Investing Activities, Total	-	-	1.28M	-	-
Cash from Investing	-454K	-286K	1.01M	-2.11M	-880K
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	100K	-	2.08M	969K
Total Debt Issued	-	100K	-	2.08M	969K
Long-Term Debt Repaid, Total	-	-468K	-483K	-	-
Total Debt Repaid	-	-468K	-483K	-	-
Issuance of Common Stock	1.18M	1.64M	15K	377K	205K
Cash from Financing	1.18M	1.27M	-468K	2.46M	1.17M
Foreign Exchange Rate Adjustments	-	-25K	6K	-24K	95K
Net Change in Cash	-218K	41K	-22K	64K	-96K
Supplemental Items
Cash Interest Paid	-	52K	17K	208K	308K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-	-2.43M	965K	-1.43M	-1.06M
Unlevered Free Cash Flow	-	-2.32M	965K	-1.38M	-948K
Change In Net Working Capital	-	2.08M	-1.01M	-133K	782K
Net Debt Issued / Repaid	-	-368K	-483K	2.08M	969K

Fiscal Period: December	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Profitability
Return on Assets	-	-6.78	-3.24	-6.18	-1.35
Return on Total Capital	-	-11.52	-5.22	-8.27	-1.68
Return On Equity %	-	-24.52	-13.64	-24.55	-194.37
Return on Common Equity	-	-27.59	-13.36	-24.55	-194.37
Margin Analysis
Gross Profit Margin %	-9.73	73.54	57.86	26.27	69.07
SG&A Margin	320.35	124.25	75	36.19	67.13
EBITDA Margin %	-313.94	-62.58	-29.91	-46.11	1.94
EBITA Margin %	-321.9	-67.4	-31.44	-46.11	-3.47
EBIT Margin %	-330.09	-68.71	-32.31	-48.08	-7
Income From Continuing Operations Margin %	-445.58	-87.12	-51.86	-67.29	-227.46
Net Income Margin %	-382.52	-108.25	-51.86	-67.29	-227.46
Net Avail. For Common Margin %	-382.52	-96.88	-51.86	-67.29	-227.46
Normalized Net Income Margin	-165.24	-64.21	-32	-42.06	-20.8
Levered Free Cash Flow Margin	-	-244.71	105.35	-127.89	-73.29
Unlevered Free Cash Flow Margin	-	-233.2	105.35	-123.76	-65.75
Asset Turnover
Asset Turnover	-	0.16	0.16	0.21	0.31
Fixed Assets Turnover	-	1.56	2.16	1.27	1
Receivables Turnover (Average Receivables)	-	26.16	11.45	6.82	3.85
Inventory Turnover (Average Inventory)	-	0.56	0.6	1.43	0.88
Short Term Liquidity
Current Ratio	0.3	1.5	0.96	0.91	1.62
Quick Ratio	0.15	0.21	0.34	0.46	0.97
Operating Cash Flow to Current Liabilities	-0.54	-0.52	-0.56	-0.22	-0.64
Days Sales Outstanding (Average Receivables)	-	13.95	31.88	53.64	94.79
Days Outstanding Inventory (Average Inventory)	-	652.98	609.44	255.76	414.92
Average Days Payable Outstanding	-	339.21	269.17	159.63	320.76
Cash Conversion Cycle (Average Days)	-	327.72	372.14	149.77	188.96
Long Term Solvency
Total Debt/Equity	6.67	3.33	-	67.67	503.54
Total Debt / Total Capital	6.26	3.22	-	40.36	83.43
LT Debt/Equity	3.41	-	-	67.67	477.12
Long-Term Debt / Total Capital	3.2	-	-	40.36	79.05
Total Liabilities / Total Assets	44.45	43.43	32.66	52.04	86.77
EBIT / Interest Expense	-34.7	-3.73	-	-7.27	-0.58
EBITDA / Interest Expense	-30.7	-2.75	-	-2.35	0.16
(EBITDA - Capex) / Interest Expense	-35.07	-2.75	-	-17.66	-1.17
Total Debt / EBITDA	-0.21	-0.25	-	-11.48	76.25
Net Debt / EBITDA	-0.05	0.16	1.18	-10.05	70.79
Total Debt / (EBITDA - Capex)	-0.18	-0.25	-	-1.53	-10.47
Net Debt / (EBITDA - Capex)	-0.04	0.16	1.18	-1.34	-9.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	174.89	-7.85	22.16	28.86
Gross Profit, 1 Yr. Growth %	-	-2.18K	-27.5	-44.53	238.78
EBITDA, 1 Yr. Growth %	-	-42.79	-55.95	88.32	-106.19
EBITA, 1 Yr. Growth %	-	-39.96	-57.02	79.17	-90.31
EBIT, 1 Yr. Growth %	-	-40.38	-56.66	81.76	-81.23
Earnings From Cont. Operations, 1 Yr. Growth %	-	-44.6	-45.15	58.53	335.59
Net Income, 1 Yr. Growth %	-	-22.21	-55.86	58.53	335.59
Normalized Net Income, 1 Yr. Growth %	-	11.52	-54.07	60.55	-36.26
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-54.47	52.56	201.22
Accounts Receivable, 1 Yr. Growth %	-	885.71	31.88	160.44	116.03
Inventory, 1 Yr. Growth %	-	144.69	-7.04	-14.33	-9.4
Net Property, Plant and Equip., 1 Yr. Growth %	-	-34.72	-31.08	310.98	2.74
Total Assets, 1 Yr. Growth %	-	13.13	-29.28	30.17	-47.93
Tangible Book Value, 1 Yr. Growth %	-	-123.76	-159.89	181.9	-85.07
Common Equity, 1 Yr. Growth %	-	28.63	-18.95	-7.29	-85.63
Cash From Operations, 1 Yr. Growth %	-	-8.19	-38.44	-53.97	85.82
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-79.52
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-139.67	-248.3	-2.99
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-141.63	-243.51	-9.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	59.16	6.1	25.47
Gross Profit, 2 Yr. CAGR %	-	-	288.03	-36.58	37.09
EBITDA, 2 Yr. CAGR %	-	-	-49.8	-8.92	-68.03
EBITA, 2 Yr. CAGR %	-	-	-49.2	-12.24	-58.33
EBIT, 2 Yr. CAGR %	-	-	-49.17	-11.25	-41.59
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-44.88	-6.75	162.78
Net Income, 2 Yr. CAGR %	-	-	-41.4	-16.35	162.78
Normalized Net Income, 2 Yr. CAGR %	-	-	-28.43	-14.13	1.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-16.65	114.37
Accounts Receivable, 2 Yr. CAGR %	-	-	260.56	85.33	137.2
Inventory, 2 Yr. CAGR %	-	-	50.82	-10.76	-11.9
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-32.92	68.31	105.49
Total Assets, 2 Yr. CAGR %	-	-	-10.55	-4.05	-17.67
Tangible Book Value, 2 Yr. CAGR %	-	-	-62.28	29.94	-35.13
Common Equity, 2 Yr. CAGR %	-	-	2.11	-13.31	-63.5
Cash From Operations, 2 Yr. CAGR %	-	-	-24.82	-46.77	-7.51
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-23.29	4.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-22.71	-0.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	45.72	13.2
Gross Profit, 3 Yr. CAGR %	-	-	-	102.89	10.86
EBITDA, 3 Yr. CAGR %	-	-	-	-22	-64.43
EBITA, 3 Yr. CAGR %	-	-	-	-22.67	-57.9
EBIT, 3 Yr. CAGR %	-	-	-	-22.27	-47.12
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-21.61	55.88
Net Income, 3 Yr. CAGR %	-	-	-	-18.35	45
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-6.31	-22.25
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	27.9
Accounts Receivable, 3 Yr. CAGR %	-	-	-	223.51	95.05
Inventory, 3 Yr. CAGR %	-	-	-	24.91	-10.31
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	22.74	42.77
Total Assets, 3 Yr. CAGR %	-	-	-	1.36	-21.74
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-26.25	-36.83
Common Equity, 3 Yr. CAGR %	-	-	-	-1.13	-52.38
Cash From Operations, 3 Yr. CAGR %	-	-	-	-36.16	-19.25
Capital Expenditures, 3 Yr. CAGR %	-	-	-	96.03	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-24.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-25.77
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	-	-
EBITA, 5 Yr. CAGR %	-	-	-	-	-
EBIT, 5 Yr. CAGR %	-	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-
Net Income, 5 Yr. CAGR %	-	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-
Total Assets, 5 Yr. CAGR %	-	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-
Common Equity, 5 Yr. CAGR %	-	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-