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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

Ronchess Global Resources

RONCHESS · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Ronchess Global Resources Plc
Listing
RONCHESS on the Nigerian Exchange, active · ISIN NGRONCHESS06 (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 · audited financial statements, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Key audit matter (p15): impairment of investment in subsidiaries; the auditor notes the company 'is striving to improve its cash flow position to support its financial obligations'.
  • Company-only statements, not group results. These are Ronchess Global Resources Plc's own (separate) statements; its investment in subsidiaries of ₦795,277k is carried as an investment (p24, p57), and no consolidated statements are printed in this document or referred to as published; the auditor reviewed 'the disclosures in the separate financial statements' (p15).
Full wording and sources

  • Auditor's emphasis of matter

    Key audit matter (p15): impairment of investment in subsidiaries; the auditor notes the company 'is striving to improve its cash flow position to support its financial obligations'. No material-uncertainty or emphasis-of-matter paragraph is printed. Current liabilities (7,730,586) exceed current assets (2,697,409) (p24).

    Source: Ronchess Global Resources Plc Audited Financial Statements and Supplementary Financial Information for the year ended 31 December 2025 (dated 2026-03-25)

  • Company-only statements, not group results

    These are Ronchess Global Resources Plc's own (separate) statements; its investment in subsidiaries of ₦795,277k is carried as an investment (p24, p57), and no consolidated statements are printed in this document or referred to as published; the auditor reviewed 'the disclosures in the separate financial statements' (p15). The figures are the parent company's and are not group results.

    Source: Ronchess Global Resources Plc Audited Financial Statements and Supplementary Financial Information for the year ended 31 December 2025 (dated 2026-03-25)

  • Revenue

    NGN 3.03 billion

    3,031,595 NGN thousands · p23

    −54.9% vs 2024

  • Operating profit / (loss)

    −NGN 3.67 billion

    (3,668,229) NGN thousands · p23

    Change not shown.

  • Profit / (loss) for the year

    −NGN 5.98 billion

    (5,984,281) NGN thousands · p23

    Change not shown.

  • Total assets

    NGN 9.78 billion

    9,775,962 NGN thousands · p24

    −8.8% vs 2024

  • Total equity

    NGN 2.05 billion

    2,045,376 NGN thousands · p24

    −57.5% vs 2024

  • Cash from operations

    −NGN 1.16 billion

    (1,162,808) NGN thousands · p27

    Change not shown.

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

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Revenue 3,031,595 6,721,132
Direct Expenses (4,644,265) (5,406,120)
Gross Profit /(Loss) (1,612,670) 1,315,011
Other Income 26,046 1,373
Personnel Expenses (746,398) (865,700)
Administrative Expenses (889,684) (1,535,869)
Depreciation & Amortisation Charges1 (445,522) (588,769)
Operating Profit (3,668,229) (1,673,954)
Finance Income –2 –2
Finance Cost (2,300,894) (630,612)
Profit /(Loss) Before Taxation (5,969,123) (2,304,566)
Income Tax Expenses (15,158) (33,613)
Profit /(Loss) for the year after taxation (5,984,281) (2,338,179)
Exchange difference on translating foreign operations net of tax3 –4 –4
Share of associate's other comprehensive income5 –4 –4
Other Comprehensive income for the year, net of tax –6 –6
Total Comprehensive income for the year (5,984,281) (2,338,179)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (3)
  1. “Depreciation & Amortisation Charges”: mapping to a shared definition is uncertain. Depreciation and amortisation printed as one line.
  2. “Exchange difference on translating foreign operations net of tax” is an issuer-specific line, not mapped to a shared definition: OCI line; printed dash.
  3. “Share of associate's other comprehensive income” is an issuer-specific line, not mapped to a shared definition: OCI line; printed dash.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Property, Plant and Equipment 6,283,276 6,373,969
Investment1 795,277 795,277
Deferred tax assets –2 –2
Total Non-Current Assets 7,078,553 7,167,246
Inventories 21,743 8,036
Trade Receivables3 2,319,852 2,589,855
Other Receivables & Prepayments4 313,726 294,123
Withholding Tax5 –6 –6
Cash & Bank balance 42,089 663,505
Total Current Assets 2,697,409 3,555,520
TOTAL ASSETS 9,775,962 10,722,766
Directors Loan Account –7 –7
Deferred Tax Liabilities –7 –7
Total Non-Current Liabilities –8 –8
Trade and Other Payables 548,934 94,464
Short Term borrowing 7,166,494 5,783,035
Current Tax Liabilities 15,158 33,613
Total Current Liabilities 7,730,586 5,911,112
TOTAL LIABILITIES 7,730,586 5,911,112
Share Capital 101,000 101,000
Revaluation Reserve 4,449,363 4,449,363
Retained Earnings (2,504,987) 261,291
Total Equity 2,045,376 4,811,654
TOTAL EQUITY AND LIABILITIES 9,775,962 10,722,766
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (4)
  1. “Investment” is an issuer-specific line, not mapped to a shared definition: Non-current investment (no note reference); the key audit matter (PDF p15) describes it as the investment in subsidiaries / other related companies.
  2. “Trade Receivables”: mapping to a shared definition is uncertain. Trade receivables only; other receivables and prepayments printed separately (note 13).
  3. “Other Receivables & Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 13; printed apart from trade receivables.
  4. “Withholding Tax”: mapping to a shared definition is uncertain. Withholding tax receivable; printed dash in both years.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
CASH FLOW FROM OPERATING ACTIVITIES1 (1,162,808) (1,634,877)
Taxation Paid –2 –2
Purchase of Property, Plant & Equipment (356,829) (1,204,303)
Proceeds from sale of Property, Plant & Equipment –3 –3
Finance Income4 –3 –3
Share Capital5 –3 10,000
Witholding tax Utilization6 –3 –3
Short term loan7 1,383,459 4,654,124
Deposits for Shares8 –3 –3
Finance Cost9 –3 (630,612)
NET DECREASE IN LIQUID FUNDS (136,177) 1,194,332
OPENING BALANCE CASH AND BANK 178,268 (1,016,064)
CLOSING BALANCE CASH AND BANK 42,089 178,268
  1. Printed “-”; reading unresolved, so no amount is shown. Printed dash below the operating amount; no printed subtotal confirms a nil reading.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.net_change_in_cash.
Notes and alternative reported figures (7)
  1. “CASH FLOW FROM OPERATING ACTIVITIES”: mapping to a shared definition is uncertain. The operating section prints one amount on its heading line (note 20: 'Net cash generated from operations'), followed by 'Taxation Paid' (dash) and no after-tax subtotal.
  2. “Finance Income”: mapping to a shared definition is uncertain. 'Finance Income' in the investing section.
  3. “Share Capital” is an issuer-specific line, not mapped to a shared definition: Financing activities: share capital issued.
  4. “Witholding tax Utilization” is an issuer-specific line, not mapped to a shared definition: Financing activities line as printed; printed dash.
  5. “Short term loan” is an issuer-specific line, not mapped to a shared definition: Financing activities: net movement in short-term borrowing (note 15b).
  6. “Deposits for Shares” is an issuer-specific line, not mapped to a shared definition: Financing activities; printed dash.
  7. “Finance Cost”: mapping to a shared definition is uncertain. 'Finance Cost' in the financing section; dash in 2025 although the income statement charges 2,300,894.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)1 (59.25) (23.15)
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Earning per share (Naira)”.

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.

  • Ronchess Global Resources Plc Audited Financial Statements and Supplementary Financial Information for the year ended 31 December 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: LAO Professionals (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: HRM Lateef Olawale Awojobi FCA, engagement partner, for LAO Professionals

    Final status: Independent auditors' report (opinion PDF p14) signed (handwritten) by HRM Lateef Olawale Awojobi FCA, engagement partner, for LAO Professionals (Chartered Accountants), Lagos, dated 25th March 2026, with the ICAN seal (PDF p18, page image). Statements approved by the board on 31st March 2026 and signed (handwritten) by the board chairman, the CEO and the CFO (PDF p25, page image). The auditor's report is dated six days before the board approval.

    Document date
    25 Mar 2026
    Auditor's report
    25 Mar 2026
    Board approval
    31 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “₦'000”)
    • Retained earnings (note 19, p61; statement of changes in equity p26): a 'Prior year adjustment' of 3,218,003 is credited to 2025 retained earnings (261,291 + 3,218,003 - 5,984,281 = (2,504,987)) without restating the comparatives; the same 3,218,003 is added back in the operating cash-flow reconciliation (note 20). Comparatives are not marked restated.
    • Statement of cash flows (p27): comparative closing cash 178,268 (net of a bank overdraft (485,238) and a balance with Ronchess Group and other subsidiaries (661,530)) while the 2024 statement of financial position prints cash & bank 663,505 (p24) and the 'represented by' block prints bank and cash 1,976; 2025 opening 178,268 less the decrease (136,177) is 42,091 against the printed closing 42,089. The comparative cumulative subtotal is printed '(2,839.180)'. Kept as printed.
    • Statement of financial position (p24, checked on the page image): 2024 total non-current assets are printed 7,167,246 while property, plant and equipment 6,373,969 plus investment 795,277 (deferred tax assets a dash) is 7,169,246, a difference of 2,000; total assets 10,722,766 agree with the printed subtotal. The 2024 deferred-tax-assets dash therefore cannot be confirmed as nil by that subtotal. Kept as printed.
    • The cash-flow statement (p27) prints one operating amount on its heading line, no investing or financing subtotal, and a cumulative unlabelled subtotal after the investing lines; investing and financing lines are placed directly within the net change in cash.
    • Earnings per share is printed on the income statement as '(₦59.25)' (2024: '(₦23.15)') under the heading 'Basic & diluted Earnings per share (kobo)' (p23); the amount is in naira (loss 5,984,281 thousand / 101,000 thousand shares). It is read from the five-year summary, 'Earning per share (Naira) (59.25) (23.15)' (p67), which the auditor's opinion covers. Dividend per share printed as a dash (p23) is not transcribed.
    Technical details
    File
    73 pages, with a text layer
    SHA-256
    0b1e131540ef110b7725c2d80fa9f0ed80f37c4748217987b8b99e3223f8f22e
    Entity as printed
    RONCHESS GLOBAL RESOURCES PLC
    Exchange copy
    retrieved 2026-10-08T18:00:54Z

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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