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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (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

Kore Potash

KP2 · A2X Markets · Consolidated statements

On this page
Company details
Legal name
Kore Potash plc
Listing
KP2 on the A2X Markets, active · ISIN GB00BYP2QJ94 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Read with these figures

  • Going-concern warning. The auditor's report for the year ended 31 December 2025 states a material uncertainty about whether the company can continue as a going concern.
Full wording and sources

  • Auditor's report, year to 2025-12-31: material uncertainty related to going concern

    Material uncertainty relating to going concern: We draw attention to the Going concern section of Note 1 (b) to the financial statements, which explains that the Group needs to raise finance through an equity placing or other means within the going concern period in order to be able to meet obligations as they fall due. At the date of signing these financial statements, there is no guarantee that sufficient additional funds will be raised within the necessary timeframe. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the ability of the Group and Company to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include any adjustments that might be necessary should the Group not continue as a going concern. Our opinion is not modified in respect of this matter.

    Source: Kore Potash plc Annual Report 2025, p80 (dated 2026-03-24)

  • Revenue

    Not reported in this filing

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    −USD 985,276

    (985,276) USD units · p92

    Change not shown.

  • Total assets

    USD 210 million

    209,966,765 USD units · p93

    +22.6% vs 2024

  • Total equity

    USD 210 million

    209,513,114 USD units · p93

    +25.2% vs 2024

  • Cash from operations

    −USD 1.84 million

    (1,838,111) USD units · p96

    Change not shown.

Large amounts are rounded for reading (USD 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 USD units 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

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, USD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Other Revenue1 –2 –2
Directors' remuneration3 (236,871) (143,500)
Depreciation (473) –2
Equity compensation benefits (excluding di- rectors)4 –2 (34,560)
Salaries, employee benefits and consul- tancy expense5 (257,574) (252,097)
Administration expenses (894,048) (688,430)
Interest income 123,971 32,468
Interest and finance expenses (3,989) (3,363)
Net realised and unrealised foreign exchange losses6 283,708 (57,053)
Loss before income tax expense (985,276) (1,146,535)
Income tax –7 –7
Loss for the year (985,276) (1,146,535)
Other comprehensive income/(loss) for the year 20,911,340 (9,608,251)
TOTAL COMPREHENSIVE (LOSS) / INCOME FOR THE YEAR 19,926,064 (10,754,786)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (5)
  1. “Other Revenue” is an issuer-specific line, not mapped to a shared definition: Note 2(a); nil for the Group (the Parent's management fees from subsidiaries).
  2. “Directors' remuneration” is an issuer-specific line, not mapped to a shared definition: Note 20.
  3. “Equity compensation benefits (excluding di- rectors)” is an issuer-specific line, not mapped to a shared definition: Note 2(b); share-based payments to non-directors.
  4. “Salaries, employee benefits and consul- tancy expense”: mapping to a shared definition is uncertain. Printed 'Salaries, employee benefits and consultancy expense'; excludes directors' remuneration and includes consultancy.
  5. “Net realised and unrealised foreign exchange losses” is an issuer-specific line, not mapped to a shared definition: Printed label says 'losses'; 2025 is a gain (positive).

Balance sheet

Balance sheet, USD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash and cash equivalents 10,555,176 1,339,321
Trade and other receivables 177,676 173,874
TOTAL CURRENT ASSETS 10,732,852 1,513,195
Trade and other receivables1 40,563 36,085
Property, plant and equipment 400,937 326,591
Exploration and evaluation expenditure2 198,792,413 169,347,870
TOTAL NON CURRENT ASSETS 199,233,913 169,710,546
TOTAL ASSETS 209,966,765 171,223,741
Trade and other payables 453,651 3,919,672
Derivative financial liability –3 26
TOTAL CURRENT LIABILITIES 453,651 3,919,698
TOTAL LIABILITIES 453,651 3,919,698
NET ASSETS4 209,513,114 167,304,043
Contributed equity – Ordinary Shares 5,175,938 4,377,870
Reserves5 264,193,421 221,797,142
Accumulated losses (59,291,159) (58,306,605)
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY 210,078,200 167,868,407
Non-controlling interests (565,086) (564,364)
TOTAL EQUITY 209,513,114 167,304,043
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (4)
  1. “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 5.
  2. “Exploration and evaluation expenditure” is an issuer-specific line, not mapped to a shared definition: Capitalised exploration and evaluation assets (note 7).
  3. “NET ASSETS” is an issuer-specific line, not mapped to a shared definition: Total assets less total liabilities, printed before equity.
  4. “Reserves”: mapping to a shared definition is uncertain. Note 11 reserves: share-based payments, share premium, foreign currency translation and merger reserves combined.

Cash flow

Cash flow, USD units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Payments to suppliers1 (1,450,645) (441,677)
Payments to employees2 (387,466) (180,636)
Net cash (used in) operating activi- ties (1,838,111) (622,313)
Payments for plant and equipment (73,060) –3
Payments for exploration activities4 (11,450,343) (2,410,980)
Amounts advanced to related parties5 –3 –3
Interest received 123,971 32,468
Net cash (used in) investing activi- ties (11,399,432) (2,378,512)
Proceeds from issue of shares6 22,650,721 2,854,918
Payment for share issue costs7 (502,650) (43,753)
Net cash provided by financing activ- ities 22,148,071 2,811,165
Net increase/(decrease) in cash & cash equivalents held 8,910,528 (189,660)
Cash and cash equivalents at begin- ning of financial year 1,339,321 1,583,657
Foreign currency differences 305,327 (54,676)
Cash and cash equivalents at end of financial year 10,555,176 1,339,321
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (6)
  1. “Payments to suppliers” is an issuer-specific line, not mapped to a shared definition: Direct-method operating outflow.
  2. “Payments to employees” is an issuer-specific line, not mapped to a shared definition: Direct-method operating outflow.
  3. “Payments for exploration activities” is an issuer-specific line, not mapped to a shared definition: Investing outflow (note 7).
  4. “Amounts advanced to related parties” is an issuer-specific line, not mapped to a shared definition: Investing outflow (note 5); nil for the Group.
  5. “Proceeds from issue of shares” is an issuer-specific line, not mapped to a shared definition: Financing inflow (note 11).
  6. “Payment for share issue costs” is an issuer-specific line, not mapped to a shared definition: Financing outflow (note 11).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)3 (0.0002)1 (0.0003)2
Profit / (loss) attributable to shareholders (USD units)4 (984,554) (1,146,179)
  1. Printed as (0.02) cents; value converted to USD at 100 cents = 1 USD.
  2. Printed as (0.03) cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted loss per share (cents per share)”.
  2. Profit / (loss) attributable to shareholders: printed as “Owners of the Company”.

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.

  • Kore Potash plc Annual Report 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: BDO LLP, Statutory Auditor, London, unmodified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: Jack Draycott (Senior Statutory Auditor) for and on behalf of BDO LLP (DocuSign signature)

    Final status: Independent auditor's report to the members of Kore Potash plc (PDF pp80-91), unmodified opinion with a material uncertainty related to going concern, closing with a DocuSign signature of Jack Draycott (Senior Statutory Auditor) for and on behalf of BDO LLP, London, dated 24 March 2026 (PDF p91, page image). The statement of financial position carries the handwritten signature of David Hathorn, Non-Executive Chairman, under a sentence printing approval by the Board on '24 March 2025' (PDF p93, page image; see notes).

    Document date
    24 Mar 2026
    Auditor's report
    24 Mar 2026
    Board approval
    24 Mar 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · USD units (printed “USD”)
    • The approval sentence under the statement of financial position reads 'These Financial Statements for Kore Potash plc, registered number 10933682, were approved by the Board of Directors on 24 March 2025' (p93), a date before the period end; the auditor's report (p91) and the Directors' Report and Strategic Report approvals (pp37, 47) are dated 24 March 2026. Recorded as printed.
    • Each statement prints the Parent columns first and the Consolidated Entity columns second (pp92-96); only the consolidated columns are transcribed. No total equity and liabilities line is printed; the balance sheet closes with net assets and equity. The 'NON CURRENT LIABILITIES' heading prints one line, 'Design optimisation works', with dashes in all columns and no subtotal (p93). The FX line is labelled 'losses' but prints a gain for 2025 (283,708). Loss per share is printed in cents ((0.02); 2024: (0.03)) and stored in dollars with the printed figure and unit kept. The cash flow statement uses the direct method.
    • The directory lists the A2X (ZAR) listing; the statements are presented in USD. The report also refers to the Company's AIM and JSE listings.
    Technical details
    File
    138 pages, with a text layer
    SHA-256
    3bcf6f68572afdc5537ee56152b5f2486bbba3ebf97a77542f3188a71f9ee429
    Entity as printed
    Kore Potash plc, registered number 10933682 (the 'Parent Company'), and its subsidiaries (the 'Group')
    Issuer copy
    retrieved 2026-10-08T18:52:43Z

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 the document's text) (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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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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