Metals Exploration plc (AIM:MTL)

Metals Exploration Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	9	41.17	31.22	0.34	0.86	4.74
Cash & Short-Term Investments	9	41.17	31.22	0.34	0.86	4.74
Cash Growth	-80.40%	31.86%	9083.82%	-60.51%	-81.82%	-46.97%
Accounts Receivable	7.87	12.97	10.89	3.04	5.81	3.99
Other Receivables	14.67	3.29	-	1.74	2.13	1.78
Receivables	22.54	16.27	10.89	4.78	7.94	5.77
Inventory	18.04	17.21	18.12	18.7	21.22	17.22
Prepaid Expenses	1.52	0.78	-	0.22	0.2	0.2
Total Current Assets	51.1	75.43	60.24	24.04	30.21	27.92
Property, Plant & Equipment	264.07	218.15	93.54	140.6	81.46	95.94
Long-Term Investments	0.18	0.13	0.13	0.12	0.11	0.18
Other Intangible Assets	-	13.83	0.62	0.01	0.03	0.07
Other Long-Term Assets	27.26	15.62	17.25	16.72	8.8	5.53
Total Assets	342.61	323.15	174.29	181.48	120.61	129.65

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	20.89	28.48	8.14	8.86	8.71	4.07
Accrued Expenses	2.1	2.35	0.33	6.12	2.82	4.32
Short-Term Debt	-	-	6.89	-	-	-
Current Portion of Long-Term Debt	-	-	-	23.9	30	23.83
Current Income Taxes Payable	-	-	8.18	-	0.15	0.17
Other Current Liabilities	0.99	1.43	9.13	1.44	1.06	2.09
Total Current Liabilities	23.98	32.26	32.68	40.32	42.74	34.5
Long-Term Debt	-	-	-	-	51.98	78.86
Pension & Post-Retirement Benefits	-	0.16	3.15	2.47	2.46	1.87
Long-Term Deferred Tax Liabilities	14.59	14.53	0.56	0.54	0.57	0.81
Other Long-Term Liabilities	25.36	23.41	4.34	4.22	5.08	4.09
Total Liabilities	63.93	70.37	40.74	47.55	102.84	120.12

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.39	0.39	0.24	0.28	0.28	27.95
Additional Paid-In Capital	83.16	79.26	0.31	0.14	-	195.86
Retained Earnings	204.49	182.31	153.36	127.78	7	-225.54
Treasury Stock	-19.28	-19.28	-25.35	-	-	-
Comprehensive Income & Other	9.83	9.99	4.59	5.73	10.48	11.26
Total Common Equity	278.59	252.66	133.15	133.93	17.76	9.52
Minority Interest	0.08	0.12	0.4	-	-	-
Shareholders' Equity	278.67	252.79	133.55	133.93	17.76	9.52
Total Liabilities & Equity	342.61	323.15	174.29	181.48	120.61	129.65

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	-	-	6.89	23.9	81.98	102.69
Net Cash (Debt)	9	41.17	24.33	-23.56	-81.12	-97.95
Net Cash Growth	-80.40%	69.19%	-	-	-	-
Net Cash Per Share	0.00	0.01	0.01	-0.01	-0.04	-0.05
Filing Date Shares Outstanding	2,986	2,941	1,728	2,098	2,089	2,071
Total Common Shares Outstanding	2,986	2,941	1,728	2,098	2,089	2,071
Working Capital	27.13	43.16	27.55	-16.28	-12.53	-6.57
Book Value Per Share	0.09	0.09	0.08	0.06	0.01	0.00
Tangible Book Value	278.59	238.83	132.53	133.93	17.73	9.45
Tangible Book Value Per Share	0.09	0.08	0.08	0.06	0.01	0.00
Buildings	-	8.52	4.17	4.17	4.16	4.16
Machinery	-	159.85	157.96	155.14	115.87	111.94
Construction In Progress	-	178.85	7.16	3.84	5.89	3.37

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 16, 2026

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