Galileo Resources plc AIM:GLR
- Incorporated
- United Kingdom
- Chief executive
- Colin Bird
- Employees
- 3
- Reports in
- GBP
- Companies House
- 05679987
Read straight from the annual reports
0.8p at close on 5 Oct 2026 · 12 reported years, 2015–2026
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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.
No figures have been read for this company yet.
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£253k charge: Impairment of trade receivables (non-cash, added back in cash flow note 21)
page 59'We enter the new financial year with a strong portfolio, an improving environment for the commodities to which we are exposed...' (Chairman, Colin Bird).
page 5Sanderson Capital Partners £600,000 unsecured, interest-free convertible loan facility (announced May 2026) in three tranches of £200,000 (drawable from 18 May 2026, 30 July 2026 and 15 October 2026); 5% fee settled in cash or shares; repayable on first anniversary of each tranche; conversion fixed at 1.00p per share; Lender paid an arrangement fee via 5,419,355 shares at 0.775p (issued 26 May 2026). Company has no obligation to draw.
page 65No dividends were declared or paid during the year; no proposed final dividend and no stated dividend policy are disclosed.
page 15Unmodified opinion from MAH Chartered Accountants (Mohammed Haque, senior statutory auditor), signed 29 September 2026: true and fair view under UK-adopted IFRS and the Companies Act 2006, with no material uncertainty identified over going concern for at least twelve months. Group materiality 132,000 (1% of gross assets). Key audit matters: (1) carrying value and classification of intangible exploration and evaluation assets under IFRS 6 (no impairment identified); (2) valuation and classification of investments in subsidiaries, JVs and associates, other financial assets and assets held for sale under IFRS 5 (no material misstatements identified). Going concern (Directors' Report and note 27) relies on Sandfire sale proceeds and the standby 600,000 convertible facility post year end.
page 25- Licence and tenure risk: Luansobe Small-Scale Mining Licences removed from the Zambian Mining Cadastre after year end; Statunga challenge and third-party claims (Mopani) ongoing; Group cannot assure outcome.p.66
- Zimbabwe tenure: Sinamatella EPO renewal pending on 3-year EPOs issued 12 March 2021; Gold/lithium asset carried at 3,332,776.p.9
- Going-concern and funding: cash 185,482 at year end against cash used in operations of 1,423,923; reliance on equity raises, the Sandfire proceeds and a standby convertible facility at 1.00p conversion; dilution from options (40m) and warrants (221.9m).p.12
- Sandfire transaction: Success Payment (US$20m-US$80m) contingent on a First Qualifying Ore Reserve of at least 400kt copper; not guaranteed as no Mineral Resource is defined on the licences.p.67
Read from C000514-AR-2026-website.
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 (10), Company website (1)
FY2027Next report expected 3 Oct 2027