First Development Resources plc AIM:FDR
- Incorporated
- United Kingdom
- Chief executive
- Tristan Pottas
- Employees
- 5
- Reports in
- GBP
- Companies House
- 13367677
Read straight from the annual reports
1.7p at close on 5 Oct 2026 · 3 reported years, 2023–2025
| Line | FY202306/23 | FY202406/24 | FY202506/25 | FY2026unreported |
|---|---|---|---|---|
| Operating profit | ||||
| Net finance cost | ||||
| Profit before tax | ||||
| Tax charge | ||||
| Profit for the year | ||||
| EBITDA | ||||
| Basic EPS | — | |||
| Diluted EPS | — | |||
| Dividend per share | — |
GBP millions, negatives in brackets. Per-share lines in pence, 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.
3 years, at a glance
C000475-AR-2025-ch
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Administrative cost growth including AIM listing (IPO) costs and higher staff costs
Administrative expenses rose to £465k from £296k; included IPO-related costs of £83k, staff costs of £111k and legal fees of £51k.
page 40£83k charge: IPO / AIM admission related costs within administrative expenses
page 40Working capital will be deployed into the exploration portfolio, focused on gold and REE potential at Selta; disciplined capital deployment is expected to define early-stage drill targets there.
page 629 July 2025: AIM admission with gross proceeds of £2.3m at 6.67p per share. The note 21 share count is 34,482,759 new shares (the CEO review gives 34,482,758). Convertible loan notes converted into shares in the same event.
page 48No dividend proposed for FY2025 (FY2024: nil). The Chairman's governance statement says the Company intends to deliver shareholder returns through capital appreciation and, in future, through dividends or distribution of assets.
page 13Directors adopted the going concern basis. They say cash flow forecasts show funds for operations and corporate costs to December 2026, relying on the post-year-end AIM placing (£2.3m) and the October 2025 placing (£1.0m). The auditor (PKF Littlejohn LLP) gave an unmodified opinion on the group and parent financial statements and found no material going-concern uncertainty, using forecasts to November 2026. KAMs: (1) accuracy and valuation of exploration assets (IFRS 6 capitalisation and impairment), and (2) recoverability of parent-company investments in subsidiaries and intragroup receivables. Materiality was £75,000.
page 22- Exploration failure: the Wallal Phase I drillhole did not reach its target basement, and the Eastern anomaly remains untested. Targets may be redefined or abandoned.p.5
- Funding and going concern: no revenue, cash of £17k at year end, and reliance on equity raises and related-party funding to reach December 2026.p.13
- Permitting: Australian approvals are needed for drilling at Wallal (including the Border anomaly access agreement and Permit of Works) and for Selta programmes. Delays or refusals could stop planned work.p.8
- Environmental regulation: stricter standards, higher penalties, and a potentially significant, unquantified remediation exposure.p.8
Read from C000475-AR-2025-ch.
2 annual reports read, FY2024 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (2)
FY2026Next report expected 2 Dec 2026