Helium ONE Global Ltd AIM:HE1
- Incorporated
- British Virgin Islands
- Chief executive
- Lorna Blaisse
- Employees
- 7
- Reports in
- USD
Read straight from the annual reports
0.4c at close on 8 Oct 2026 · 6 reported years, 2020–2025
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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 years, at a glance
C000612-AR-2023-website
Helium One Global is an explorer developing helium projects in Tanzania and Colorado, and it does not yet sell anything. It had no revenue in the year to 30 June 2025, and its loss narrowed to $5.5m from $8.7m the year before. The loss shrank mainly because a one-off write-off was much smaller this year, at $1,486,806. It covered exploration areas in Tanzania that the company gave up. Against that, the cost of share awards to staff rose to $2,113,655. During the year the company also bought a half share in a helium project in Colorado. Cash fell to $3.2m from $11.6m as spending on exploration continued. The company has no borrowings, raised $8.4m from shareholders and pays no dividend. Management said the company was awarded Tanzania's first helium mining licence in July 2025, and it expects the first gas from Colorado in late 2025. The directors expect to have enough money for planned work to December 2026. The auditor flagged doubt over recovering $1.3m of tax refunds owed in Tanzania, and the report rates raising future funding as a high risk.
No revenue generated; administrative expense as % of total assets KPI rose to 7.5% (FY24: 6.0%)
Directors' Report KPI table
page 31Share-based payment charge increased to $2,113,655 (FY24: $615,823), inflating administrative expenses
Expenses by nature note 6
page 54$1.5m charge: Impairment of intangible exploration assets (Eyasi and Balangida prospecting licence areas, relinquished/not renewed)
page 58Chairman: formal Mining Licence offer accepted March 2025, awarded in July 2025 post period-end; Board still awaiting execution of regulatory agreements and formal signing ceremony.
page 6Mining Licence for southern Rukwa formally awarded 4 July 2025 for an initial 10-year period, annual cost $960,000
page 69The Company is at an early stage of development and to date does not generate revenues or make profits; it would not be appropriate to propose a dividend until the Group is making sufficient profits and has adequate distributable reserves.
page 31Financial statements prepared on going concern basis; Directors have projections to December 2026 showing sufficient funds for currently contemplated work programmes. Auditor PKF Littlejohn LLP issued an unqualified opinion with an Emphasis of Matter regarding uncertainty over recoverability of the $1.3m VAT receivable (Notes 4 and 13). Key Audit Matter: valuation and recoverability of intangible exploration/evaluation assets ($45.7m, FY24: $32m).
page 36- Limited geographical spread of assets (Medium impact)p.16
- No history of production and no assurance commercial quantities of Helium will be discovered at any of the Group's licences (Medium impact)p.16
- Difficulty raising external funding for exploration activities in volatile capital markets (High impact)p.16
- Future availability of debt/equity financing is uncertain given significant future capex requirements (High impact)p.16
Read from C000612-AR-2025-website.
5 annual reports read, FY2021 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (5)
FY2026Next report expected 26 Nov 2026