Oriole Resources plc
Oriole Resources PLC is a UK-incorporated, AIM-listed gold exploration and development company operating a project generator model, with its principal assets being the Bibemi and Mbe gold projects (50% joint-venture interests via earn-in with BCM International) and the Central Licence Package in Cameroon, an 85%-owned limestone project (Wapouzé) in Cameroon, a 35% interest in the Senala gold project in Senegal, and legacy investment/royalty positions in Turkey (Muratdere copper, 1.2% NSR) and Djibouti (7.60% stake in Thani Stratex Djibouti). The company was originally incorporated as Stratex International PLC in 2005. It is pre-revenue, funding exploration through equity raises and partner earn-ins.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 20 Apr 2026 · 91 pages · Companies House
Oriole Resources PLC explores for gold, mainly in Cameroon, and does not yet earn any revenue. Its loss after tax for 2025 widened to £702k, from £225k the year before.
The wider loss mainly reflects a one-off gain of £460k in the previous year, from payments by its partner BCM International, which was not repeated. Oriole also wrote off a licence it gave up. Its operating loss narrowed to £634k from £1.1m, helped by BCM contributing to running costs.
Oriole ended the year with £2.5m in cash, up from £705k, and no borrowings, after raising £2.4m by selling new shares. It has no formal dividend policy. The chair called 2025 a turning point. She expects a significant increase in the company's gold resources by early in the third quarter of 2026, and a mining licence for its Bibemi project during 2026. The report warns that Cameroon's elections may delay that licence, and that the company depends on raising more money from shareholders. The auditor raised no doubt about the company's ability to keep going.
No revenue generated; company funded via equity and partner earn-in contributions
Pre-revenue exploration company; loss for year £0.65m (2024: loss £0.30m); administration expenses £1.50m (2024: £1.53m)
page 28CEO Martin Rosser: gross contained JORC Resources for projects increased from 530,000oz to 1,485,000oz during 2025, some +180%; net attributable to Oriole basis rose to 980,000oz, up 150% on the net figure at the start of 2025.
page 4BCM earn-in funding reduces Oriole's own cash exploration spend
Exploration expenditure of £2.14m (2024: £2.66m) funded partly via BCM earn-in agreements which completed Bibemi earn-in Nov 2025 and Mbe earn-in Feb 2026, each for $4m exploration spend
page 2£135k charge: Impairment of intangible asset (Gamboukou licence, relinquished during the year)
page 7211 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. 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.
3 figures restated in a later report
Every figure is read again from the following year’s report: 269 confirmed, 3 differ, 3 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
3 more figures were restated in FY2015 to FY2022, which a free account opens.