AIM:KOD · Basic Materials · AIM-listed lithium and gold mineral exploration and development company (mining sector, West Africa focus)

Kodal Minerals plc

Kodal Minerals plc is a UK-incorporated, AIM-listed mineral exploration and development company. Its principal asset is a 49% interest in the Bougouni Lithium Project in Mali, held via associate Kodal Mining UK Limited (KMUK, 51% owned by Hainan Mining Co Ltd), which completed construction of its Stage 1 Dense Media Separation (DMS) plant within its US$65m budget and produced first lithium spodumene concentrate in February 2025. Kodal also retains a portfolio of gold exploration licences in Mali and Côte d'Ivoire. The Group generated no third-party revenue in the year as it remains in the exploration/development phase and does not consolidate KMUK (equity-accounted as an associate).

Export the Kodal Minerals plc factsheetfree account Open the FY2025 report

AIM:KODClose, 16 Oct 2026

0.0% on the day−3.4% over a year

Market cap£56.7m
52-week range0.2p – 0.6p
Free cash flow yield−4.6%
Shares traded a day32.4m

Prices to 16 Oct 2026 · ratios on the FY2025 accounts · not investment advice

The company

Admitted30 Dec 2013
Registered officePrince Frederick House, 35-39 Maddox Street, London W1S 2PP
IncorporatedUnited Kingdom
Employees58
Reports inGBP
Companies House07220790
Websitekodalminerals.com
Chief executiveBernard Aylward
ChairRobert Wooldridge
AuditorRSM UK Audit LLPclean opinion in all 10 reports read · going-concern uncertainty in 1
Adviser and brokerSP Angel Corporate Finance LLP (Nominated Adviser and Financial Adviser/Joint Broker); Canaccord Genuity (Joint Broker, referenced as source of lithium price forecast)
Next annual reportExpected 4 Sept 2026for the year to 31 Mar 2026

Share price and financials

0.3p at close on 16 Oct 2026 · 11 reported years, FY2015–FY2025

Years in viewFY2015 – FY2026

16 Oct 20260.3p+300.0% since 4 Jan 2016 43.2m traded

0.3p

Line	FY2015locked	FY2016locked	FY2017locked	FY2018locked	FY2019locked	FY2020locked	FY2021locked	FY2022locked	FY202503/25
Operating profit	(2.5)	(1.8)	(2.4)	(3.0)	(1.9)	(2.8)	(3.2)	(2.9)
Exceptional items	0.56	1.1	1.1	0.81	0.48	0.49	0.82	0.85	—
Net finance cost	(0.20)	(0.16)	(0.20)	(0.24)	(0.15)	(0.23)	(0.11)	(0.18)
Profit before tax	(16.6)	(8.8)	(12.7)	(14.2)	(18.3)	(14.6)	(9.0)	(17.3)
Tax charge	0	0	0	0	0	0	0	0
Profit for the year	(18.6)	(12.3)	(8.7)	(14.5)	(11.5)	(18.7)	(13.5)	(10.6)
EBITDA	(3.5)	(3.3)	(2.8)	(2.9)	(2.3)	(1.7)	(3.0)	(1.9)
Basic EPS	(0.08p)	(0.07p)	(0.09p)	(0.10p)	(0.07p)	(0.06p)	(0.06p)	(0.05p)
Diluted EPS	(0.04p)	(0.07p)	(0.07p)	(0.10p)	(0.07p)	(0.10p)	(0.09p)	(0.09p)

GBP millions, negatives in brackets. Per-share lines in pence. 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.

Operating profit

3 years, at a glance

GBP

FY2025Operating profit−£2.4m

C000748-AR-2025-ch