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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Critical Minerals Financing

CMFC · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Critical Minerals Financing Corp. Plc
Listing
CMFC on the Nigerian Exchange, active · ISIN NGDEAPCAP009 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 September

Overview

Year ended 30 September 2025 · annual report, signed / final · source

Read with these figures

  • Issued under a former name. Issued under the former name 'Deap Capital Management & Trust Plc'; no registration (RC) number is printed; the directors' report says the company was incorporated in Nigeria as a private company limited by shares on 5th of June, 2002 (PDF p4), and note 1 that it is quoted on the Nigerian Stock Exchange (p15).
Full wording and sources

  • Issued under a former name

    Issued under the former name 'Deap Capital Management & Trust Plc'; no registration (RC) number is printed; the directors' report says the company was incorporated in Nigeria as a private company limited by shares on 5th of June, 2002 (PDF p4), and note 1 that it is quoted on the Nigerian Stock Exchange (p15). Identity case CRITICAL MINERALS FINANCING CORP PLC / Deap Capital Management & Trust Plc (docs/companies/filings/editorial/identity-resolutions.json): the company's notice to NGX of 18 Jun 2026 states it completed its change of name to Critical Minerals Financing Corp. Plc; same NGX security (ISIN NGDEAPCAP009) and incorporation date 2002-06-05.

    Source: Deap Capital Management & Trust Plc Annual Report and Financial Statements for the Year Ended September 30, 2025 (dated 2025-11-25)

  • Total Income

    NGN 3.14 million

    3,141 NGN thousands · p12

    Change not shown.

    Printed 'Total Income' (p12), the issuer's top line (fees and commission plus other income); an investment and trust company does not print revenue.

  • Profit / (loss) for the year

    −NGN 28.8 million

    (28,822) NGN thousands · p12

    Change not shown.

    Printed 'Loss for the year' (p12).

  • Total Loss for the year

    −NGN 9.03 million

    (9,030) NGN thousands · p12

    Change not shown.

    Printed 'Total Loss for the year' (p12), after investment income presented under other comprehensive income.

  • Total assets

    NGN 303 million

    303,442 NGN thousands · p11

    +1.0% vs 2024

    Printed 'Total Assets' (p11).

  • Total equity

    −NGN 2.33 billion

    (2,325,734) NGN thousands · p11

    Change not shown.

    Printed 'Total Equity' (p11), negative.

  • Cash from operations

    −NGN 17.5 million

    (17,459) NGN thousands · p14

    Change not shown.

    Printed 'Net Cash inflow from operating activities' (p14).

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Sep 2025 — annual report, signed / final; reported for the year · source
  • FY to 30 Sep 2024 — annual report, signed / final; comparative in the FY to 30 Sep 2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY to 30 Sep 2025 — annual report (signed / final), as reported for the year; FY to 30 Sep 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Sep 2025Annual reportreported for the yearFY to 30 Sep 2024Annual reportcomparative in FY to 30 Sep 2025 filing
Fees and commission –1 –1
Other Income 3,141 Not reported in this filing2
Total Income3 3,141 –4
Administrative Expenses (31,924) (19,252)
Finance Costs (39) (13)
Loss before taxation (28,822) (19,265)
Taxation –5 –5
Loss for the year (28,822) (19,265)
Investment Income67 19,792 Not reported in this filing8
Fair value loss on Available For Sale investments9 –10 –10
Total Loss for the year (9,030) (19,265)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_6zjfqr90175c.total_income.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
  4. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (6)
  1. Not reported in this filing: The line 'Other Income' (note 18) carries a Sep-25 amount only (3,141); the Sep-24 column is blank, showing only the underline above 'Total Income' (p12). Scanned page (no text layer); blank cell checked on the page image. Not interpreted as nil. Note 18 (p32) prints a dash in its Sep-24 column; the statement face does not.
  2. “Total Income” is an issuer-specific line, not mapped to a shared definition: Fees and commission plus other income (printed subtotal).
  3. “Investment Income” is an issuer-specific line, not mapped to a shared definition: Note 21: income from sale of shares (bonus issues); printed under the heading 'Other comprehensive income'.
  4. “Investment Income”: mapping to a shared definition is uncertain. Income from sale of shares (note 21) printed under 'Other comprehensive income'; comparative blank.
  5. Not reported in this filing: The line 'Investment Income' (note 21, under 'Other comprehensive income') carries a Sep-25 amount only (19,792); the Sep-24 column is blank (p12). Scanned page (no text layer); blank cell checked on the page image. Not interpreted as nil. Note 21 (p33) prints a dash in its Sep-24 column; the statement face does not.
  6. “Fair value loss on Available For Sale investments” is an issuer-specific line, not mapped to a shared definition: Printed under other comprehensive income.

Balance sheet

Balance sheet, NGN thousands. Columns: FY to 30 Sep 2025 — annual report (signed / final), as reported for the year; FY to 30 Sep 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Sep 2025Annual reportreported for the yearFY to 30 Sep 2024Annual reportcomparative in FY to 30 Sep 2025 filing
Cash and cash equivalents 2,378 94
Loans and Advances1 700 40
Available for sale financial assets2 300,364 300,364
Total Assets 303,442 300,498
Ordinary Shares Capital 750,330 750,330
Share Premium 448,484 448,484
Accumulated Losses (5,213,652) (5,830,301)
Deposit for Shares3 1,689,104 1,689,154
Total Equity (2,325,734) (2,942,332)
Managed Accounts4 569,437 569,437
Borrowings 437,354 2,314,503
Other Payables5 335,845 323,785
Deferred Income6 1,251,433 –7
Current Tax Liabilities 27,216 27,216
Deferred Tax Liabilities 7,890 7,890
Total liabilities 2,629,176 3,242,832
Total Equity and liabilities 303,442 300,498
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (6)
  1. “Loans and Advances” is an issuer-specific line, not mapped to a shared definition: Note 7.
  2. “Available for sale financial assets” is an issuer-specific line, not mapped to a shared definition: Note 8.
  3. “Deposit for Shares” is an issuer-specific line, not mapped to a shared definition: Note 11; presented within equity.
  4. “Managed Accounts” is an issuer-specific line, not mapped to a shared definition: Note 12; funds held on managed accounts, within liabilities.
  5. “Other Payables”: mapping to a shared definition is uncertain. Printed 'Other Payables' (note 14).
  6. “Deferred Income” is an issuer-specific line, not mapped to a shared definition: Note 15 (transfer from bank loan reduction).

Cash flow

Cash flow, NGN thousands. Columns: FY to 30 Sep 2025 — annual report (signed / final), as reported for the year; FY to 30 Sep 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Sep 2025Annual reportreported for the yearFY to 30 Sep 2024Annual reportcomparative in FY to 30 Sep 2025 filing
Loss before taxation1 (28,822) (19,265)
Loss of disposal of assets2 –3 –3
Other Adjustments For The Year4 625,679 2,133
(Increase)/Decrease in Receivables5 (660) 10
Decrease in Finance Lease6 –3 –3
Increase /(Decrease) in Borrowings7 (1,877,149) –3
Increase/(Decrease) in Other Payables8 12,060 16,153
Increase/(Decrease) in Deferred Income9 1,251,433 Not reported in this filing10
Cash generated from operations (17,459) (969)
Tax paid –11 –11
Net Cash inflow from operating activities (17,459) (969)
Proceeds from Sales of Shares12 19,792 –13
Cash ouflow on new investment14 –13 Not reported in this filing15
Deposits for shares16 (50) Not reported in this filing17
Net Cash outflow from investing activities 19,742 –18
Proceeds from managed fund converted to shares19 –20 –20
Net Cash inflow from financing activities –21 –21
Net Increase/(Decrease) in Cash & Cash Equivalents 2,283 (278)
Cash and Cash Equivalent at the beginning of the year 95 372
Cash and Cash Equivalent at the end of the year 2,378 94
(Increase)/Decrease in Financial Assets22 Not reported in this filing23 –3
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_generated_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  4. Printed “-”; reading unresolved, so no amount is shown. Printed dash (2024); the printed 2024 net change in cash (278) does not equal the section totals, so arithmetic cannot confirm a nil.
  5. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  6. Printed “-”; reading unresolved, so no amount is shown. Printed dash; the only financing line is also a dash, and the printed 2024 net change in cash (278) does not equal the section totals.
Notes and alternative reported figures (17)
  1. “Loss before taxation” is an issuer-specific line, not mapped to a shared definition: Starting point of operating activities.
  2. “Loss of disposal of assets” is an issuer-specific line, not mapped to a shared definition: Adjustment for non-cash items.
  3. “Other Adjustments For The Year” is an issuer-specific line, not mapped to a shared definition: Adjustment for non-cash items.
  4. “(Increase)/Decrease in Receivables” is an issuer-specific line, not mapped to a shared definition: Change in working capital.
  5. “Decrease in Finance Lease” is an issuer-specific line, not mapped to a shared definition: Change in working capital.
  6. “Increase /(Decrease) in Borrowings” is an issuer-specific line, not mapped to a shared definition: Change in working capital (printed within operating activities).
  7. “Increase/(Decrease) in Other Payables” is an issuer-specific line, not mapped to a shared definition: Change in working capital.
  8. “Increase/(Decrease) in Deferred Income” is an issuer-specific line, not mapped to a shared definition: Change in working capital.
  9. Not reported in this filing: The line 'Increase/(Decrease) in Deferred Income' carries a Sep-25 amount only (1,251,433); the Sep-24 column is blank (p14). Scanned page (no text layer); blank cell checked on the page image. Not interpreted as nil.
  10. “Proceeds from Sales of Shares” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  11. “Cash ouflow on new investment” is an issuer-specific line, not mapped to a shared definition: Investing activities (printed 'ouflow').
  12. Not reported in this filing: The line 'Cash ouflow on new investment' carries a Sep-25 entry only (a dash); the Sep-24 column is blank (p14). Scanned page (no text layer); blank cell checked on the page image. Not interpreted as nil.
  13. “Deposits for shares” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  14. Not reported in this filing: The line 'Deposits for shares' carries a Sep-25 amount only ((50)); the Sep-24 column is blank, showing only the underline above 'Net Cash outflow from investing activities' (p14). Scanned page (no text layer); blank cell checked on the page image. Not interpreted as nil.
  15. “Proceeds from managed fund converted to shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  16. “(Increase)/Decrease in Financial Assets” is an issuer-specific line, not mapped to a shared definition: Change in working capital.
  17. Not reported in this filing: The line '(Increase)/Decrease in Financial Assets' carries a Sep-24 entry only (a dash); the Sep-25 column is blank (p14). Scanned page (no text layer); blank cell checked on the page image. Not interpreted as nil.

Per share and shares

Per share and shares. Columns: FY to 30 Sep 2025 — annual report (signed / final), as reported for the year; FY to 30 Sep 2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Sep 2025Annual reportreported for the yearFY to 30 Sep 2024Annual reportcomparative in FY to 30 Sep 2025 filing
Earnings / (loss) per share (per share)2 (0.01)1 (0.01)1
  1. Printed as (1) kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Deap Capital Management & Trust Plc Annual Report and Financial Statements for the Year Ended September 30, 2025

    Year ended 30 September 2025 · Annual report · signed / final

    Audit: Doyin Owolabi & Co. (Chartered Accountants), Lagos, unmodified opinion · signed

    Auditor's sign-off: Doyin Owolabi & Co (Chartered Accountants); Adedoyin Idowu Owolabi, FCA

    Final status: Report of the independent auditors to the members of Deap Capital Management & Trust Plc (PDF pp8-10, scanned): unmodified opinion (p8); handwritten signature over the ICAN stamp (0865608), Adedoyin Idowu Owolabi, FCA (FRC/2013/PRO/ICAN/004/00000000101), For: Doyin Owolabi & Co (Chartered Accountants), Lagos, Nigeria, 25th November 2025 (p10, page image). The opinion paragraph names the statement of financial position and the profit or loss account (p8); the statement of cash flows is not named in it. The financial statements were approved by the Board on 25 November 2025 and hand-signed by Dr. Kenneth Olise (Chairman), Mr. Jonathan Idudu (Director) and Mr. Femi Olaleye (Chief Finance Officer) (p11, page image).

    Document date
    25 Nov 2025
    Auditor's report
    25 Nov 2025
    Board approval
    25 Nov 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Sep 2025, FY to 30 Sep 2024
    Basis
    company statements · NGN thousands (printed “N'000”)
    • Printed 'DEAP CAPITAL MANAGEMENT & TRUST PLC' on every page and 'incorporated in Nigeria as a private company limited by shares on 5th of June, 2002' (p4); the directory name is 'CRITICAL MINERALS FINANCING CORP PLC' (NGX CMFC), the same company renamed. No registration number is printed.
    • Investment income of 19,792 (note 21, sale of bonus shares) is printed under 'Other comprehensive income' and added to the loss for the year to give 'Total Loss for the year' (9,030) (p12). Several cells are blank rather than dashes (other income 2024, investment income 2024, deferred income movement 2024, financial assets 2025, new investment and deposits for shares 2024). Opening cash in the statement of cash flows for 2025 is 95, against 94 at 30 September 2024 in the statement of financial position and as the 2024 closing cash (pp11, 14); kept as printed. 2024 total equity (2,942,332) and 2025 total liabilities 2,629,176 differ by 1 from the sum of their printed components. Changes in 2024 total equity and liabilities is printed 300,498 against 300,500 from the printed total equity and total liabilities (and the 2024 liabilities components add to 3,242,831 against 3,242,832 printed). The 2024 net decrease in cash (278) does not equal net cash from operating activities (969) with nil investing and financing; it does equal opening 372 less closing 94. All kept as printed and checked on the render. Changes in borrowings and deferred income are presented within operating activities; the headings 'Net Cash inflow' and 'Net Cash outflow' do not match the signs.
    • The auditor's report heading prints 'FOR THE YEAR ENDED SEPTEMBER 30, 2015' (p8); the opinion paragraph itself refers to the year ended September 30, 2025.
    Technical details
    File
    35 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    d459dbe980ca74f8e1ca3fa8a62f63f7e859e43499dada5a7298de991a24b90c
    Entity as printed
    Deap Capital Management & Trust Plc
    Exchange copy
    retrieved 2026-10-08T18:03:07Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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