Talisman Metals: Interim Results

RNS Number : 0749X Talisman Metals PLC 30 September 2026 RNS Number:0749X Talisman Metals PLC 30 September 2026 Talisman Metals PLC ("Talisman" or the "Company") Interim Results for the six months ended 30 June 2026 Talisman Metals PLC (“Talisman” or the “Company”) announces its interim financial statements and report covering the six‐months ended 30 June 2026. A copy of the interim results is available at the Company’s website, https://talismanmetalsplc.com/investors/reports and extracts are included at the end of this announcement. CEO Statement Today we published Talisman's financial statements covering the six‐month period to the end of June 2026, which are also posted on our website. On 27 January 2026 the Company’s shareholders approved a transaction to acquire 100% of Tadeen International Limited ("Tadeen"), a UK‐registered company, which indirectly owns 100% of a portfolio of mineral exploration licenses in Morocco prospective for copper and silver (the “Transaction”). The Transaction set Talisman on a new course of development with a new team and focus. On 16 February 2026 the Company announced a binding agreement to acquire the Tirzzit Copper Project in Morocco from Aya Gold and Silver, Inc. (which is still in the process of regulatory transfer and management anticipates will be complete later this year). Subsequent to the reporting period end, on 20 August 2026 the Company completed a share placement of £501,800 in gross proceeds through the issue of 7,168,570 new ordinary shares. Throughout the entire reporting period and subsequently, the Company performed ongoing exploration work at both the Fougnar and Tirzzit Projects. As at 30 June 2026, the Company had cash and cash equivalents amounting to €1.417 million (US$ 1.615 million) and management continues to carefully manage Talisman’s financial resources. The Company has no long-term debt nor any contingent future payments relating to its assets and projects. The costs incurred during the reporting period relate to the costs of closing the Transaction, as well as exploration activities and administration costs. I note that under IFRS accounting rules, and the financial nature of the Transaction, our Interim Results have not recognised any goodwill on the acquisition of our Moroccan projects as a non-current asset and all subsequent exploration expenditure has been expensed to the Income Statement. However, as we advance our Moroccan projects, the accounting treatment of this activity will be kept under review and may change. I would like to thank the management team of the Company, our partners and contractors, and the Board of Directors for their support. Tim McCutcheon – CEO and Director End For further information: Talisman Metals PLC Tim McCutcheon (Chief Executive Officer and Director) Tel +353 (0) 1 525 6710 contactus@talismanmetalsplc.com Beaumont Cornish Limited (Nominated Adviser) James Biddle / Roland Cornish Tel: +44 (0) 207 628 3396 CMC Markets UK Plc (Broker) Thomas Smith / Thomas Curran Tel: +44 (0) 20 3003 8255 BlytheRay (Financial PR) Megan Ray / Said Izagaren Tel: +44 (0) 20 7138 3204 talismanmetals@blytheray.com Nominated Adviser Statement Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other person for providing the protections afforded to customers of Beaumont Cornish nor for advising them in relation to the transaction and arrangements described in the announcement or any matter referred to in it. Half Year Report Distribution This announcement has been notified via a Regulatory Information Service and it is not authorised for distribution into North America or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction. Half Year Report Talisman Metals PLC Interim results for the six months ended 30 June 2026 CONDENSED CONSOLIDATED INCOME STATEMENT Unaudited Unaudited Unaudited Unaudited 6 Months ended 6 Months ended 6 Months ended 6 Months ended 30/06/2026 30/06/2025 30/06/2026 30/06/2025 €'000 €'000 US $'000 US $'000 Continuing Operations Exploration costs written off - - - - Gross loss - - - - Administration expenses (856) (632) (994) (729) Share option expense (8) 0 (9) 0 Other gains / losses (335) (531) (389) (612) Operating loss (1,199) (1,163) (1,392) (1,341) Finance costs (4) (3) (5) (3) Finance income - - - - Loss for the period before tax (1,203) (1,166) (1,397) (1,343) Income tax - - - - Loss for the period from continuing operations (1,203) (1,166) (1,397) (1,343) Discontinued operations - 401 - 464 Loss from discontinued operations net of tax - 401 - 464 Loss for the period (1,203) (765) (1,397) (879) Loss for the period attributable to: Owners of the parent (1,203) (765) (1,397) (879) (1,203) (765) (1,397) (879) Earning / (Loss) per share Basic loss per share from continuing operations (6.11) (1.32) (7.10) (1.54) Basic earnings per share from discontinued operations - 0.45 - 0.52 Fully diluted loss per share from continuing operations (6.11) (1.32) (7.10) (1.54) Fully diluted earnings per share from discontinued operations - 0.45 - 0.52 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE (LOSS)/INCOME Unaudited Unaudited Unaudited Unaudited 6 Months ended 6 Months ended 6 Months ended 6 Months ended 30/06/2026 30/06/2025 30/06/2026 30/06/2025 €'000 €'000 US $'000 US $'000 Loss for the period (1,203) (765) (1,397) (879) Other comprehensive income/(expense): Items that may not be reclassified subsequently to profit or loss Fair value movement on equity securities designated as at FVOCI - - - - Exchange movement on equity securities designated as at FVOCI - - - - Items that may be reclassified subsequently to profit or loss Foreign exchange gain/(loss) arising from translation of financial statements of a foreign operation (1,274) (31) (1,531) 216 Total comprehensive loss for the period (2,477) (796) (2,928) (663) Total comprehensive loss for the period attributable to: Owners of the parent (2,477) (796) (2,928) (663) (2,477) (796) (2,928) (663) There is no income tax impact in respect of components recognised within the consolidated statement of comprehensive income. Read More

Talisman Metals: Interim Results

Andere Nachrichten des Unternehmens