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Capital Metals plc AIM:CMET

Incorporated
United Kingdom
Reports in
USD
Companies House
05555087
Basic Materials
Where the figures come from
How we read

Read straight from the annual reports

Share price and financials

3.8c at close on 5 Oct 2026 · 13 reported years, 2015–2026

Years in viewFY2015 – FY2027
5 Oct 20263.8c−80.1% since 14 Jan 2021
3.8c
LineFY201509/15FY201609/16FY201709/17FY201809/18FY201909/19FY202003/20FY202009/20FY202103/21FY202203/22FY202303/23FY202403/24FY202503/25FY202603/26FY2027unreported
Revenue————————
Operating profit
Net finance cost
Profit before tax
Tax charge
Profit for the year
EBITDA
Basic EPS
Diluted EPS

USD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.

2 figures

5 years, at a glance

USD · %
050k100k150k200k-6000%-4000%-2000%0%FY2016FY2020

Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.

FY2020Revenue$11kOperating margin−4,836.4%
The latest report

FY2026 annual report

year to 31 Mar 2026 · approved 7 Sept 2026 · 68 pages · Companies House

Open the reportJSONComing soon
Next report14 Sept 2027for the year to 31 Mar 2027, the date the register holds, plus this company's usual gap to publication
Sixty seconds on this reportPlaceholder

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From the reportevery line sits on the page it names
What drove revenue

No revenue; value driven by progression of Taprobane project to FID and production

'The Group generated no revenue during the year ended 31 March 2026 (2025: $Nil)'. The strategy is to progress the Taprobane Minerals Project 'towards production in the near future'. Construction is anticipated to take nine to twelve months to first production after FID.

page 49
And

Resource upgrade in Initial Mining Area

November 2025 MRE upgrade: 897kt to 13.1Mt at 5.5% Heavy Minerals (2% HM cut-off), a 14.6x increase. Resource is predominantly Indicated, suited to mine planning.

page 4
What moved the marginheadwind

Administrative expense growth

Administrative expenses $1,749,301 (2025: $1,166,430); 16% of total assets (2025: 15%). Operations costs rose to $602,546 from $211,744.

page 66
Andheadwind

Share-based payment charge

Charge of $469,277 (2025: $4,611), mainly options granted to Silver Pine Pacific for the Ambeon introduction.

page 35
One-offs in the year

$469k charge: Share-based payment charge (options to Silver Pine Pacific for Ambeon introduction, and consultants)

page 35
What management said

'The Company is well positioned to take FID and to begin construction in short order once outstanding approvals have been received.' Anticipated construction period is nine to twelve months before first production.

page 6
After the year end

18 June 2026: 153,595 new ordinary shares issued to Hannam & Partners for broking and research fees at £0.050783 per share. Issued share capital increased to 492,299,412 ordinary shares.

page 68
The dividend

No dividend recommended for FY2026 (2025: Nil). No stated dividend policy.

page 14
Going concern and the audit

Unmodified audit opinion from PKF Littlejohn LLP (Adam Humphreys, dated 7 September 2026), with a 'Material uncertainty related to going concern' paragraph. The Group needs additional funding that is not committed, and forecasts to 30 September 2027 assume an equity raise. Key audit matters: (1) carrying value of capitalised exploration costs of $6,993,279, with an observation on the lapsed or expired licences (EL168 expired, EL199 lapsed, EL430 renewal outstanding) and no adjustment made; (2) parent-only carrying value of investments in subsidiaries and intragroup balances. Group materiality $229k. Sri Lankan subsidiaries were audited by component auditors Ernst & Young.

page 27
The risks it names first
  • Licensing and permitting delay or refusal (IML applications, EL199 retention lapsed 9 July 2026, EL430 renewal) could defer FID and impair E&E assets of $6.99mp.8
  • Funding and liquidity: going-concern material uncertainty. Group moves to a cash shortfall before 30 September 2027 without an equity raise. Only sources are equity or partners.p.41
  • Sri Lankan political, regulatory and fiscal change, including the new National Minerals Policy and value-addition requirementsp.9
  • Exploration, evaluation and development risk. There is no guarantee that mineralisation becomes proven and probable reserves.p.8

Read from C000251-AR-2026-ch.

Filings

11 annual reports read, FY2016 to FY2026

Open a year to see what its report said. Every line in it carries the page it was read from.

Sources: Companies House (11)

  1. FY2027Next report expected 14 Sept 2027

Every figure above,
back to the page it was printed on