Jangada Mines plc
Jangada Mines Plc is an AIM-listed mineral exploration and development holding company operating through Brazilian subsidiaries. During FY2025 the Board repositioned the Group's strategy from vanadium-titanomagnetite toward gold, acquiring an initial 33.3% interest in MT Gold Mineração Ltda (owner of the Paranaíta Gold Project) and advancing the Molly Gold Project and the legacy Pitombeiras Vanadium-Titanomagnetite Project, all pre-revenue exploration assets in Brazil.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 29 Jun 2026 · 60 pages · Companies House
Jangada Mines explores for minerals in Brazil and has no revenue yet. It made a loss after tax of $1.8m in the year to 31 December 2025, wider than the $1.2m loss the year before.
During the year the board shifted its focus from vanadium to gold, buying an initial 33.3% interest in the owner of the Paranaíta Gold Project. The loss was increased by one-off costs: an $859k write-off of its stake in Fodere Titanium and a loss on selling its Blencowe Resources shares, partly offset by a gain in the value of an investment.
Cash at the year end was $1.8m, up from $66k, after raising $1.8m from new shares. There are no borrowings and no dividend. Management expects more drilling and an updated resource estimate at its Molly gold project. The audit opinion was clean and the directors saw no significant doubt about the company's ability to keep trading, but the report warns that two key Brazilian licences have formally expired and are under regulatory review, with an uncertain outcome.
The period ahead is one of the most exciting in Jangada's history. We enter it with two high-quality gold projects, a strengthened balance sheet, an experienced operational team in Brazil, and a gold market that continues to provide an exceptionally supportive backdrop for quality exploration and development stories... At current valuations, we believe the market has yet to fully recognise the potential of what we are building.
page 7The directors do not recommend payment of a dividend (2024: nil). No dividend policy beyond this is stated; Company is pre-revenue.
page 149 Feb 2026: signed letter of intent for exclusive option to acquire 100% of the Molly Gold Project; 7 May 2026: signed definitive acquisition agreement with BGold Mineração Ltda for the 6,656.2-hectare Molly Gold Project.
page 6010 years on one page · FY2016–FY2025
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USD millions, negatives in brackets. Per-share lines in cents. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
2 figures restated in a later report
Every figure is read again from the following year’s report: 208 confirmed, 17 differ, 2 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
2 more figures were restated in FY2016 to FY2022, which a free account opens.