Savannah Resources AIM:SAV
- Incorporated
- United Kingdom
- Chief executive
- Emanuel Proença
- Employees
- 39
- Reports in
- GBP
- Companies House
- 07307107
Lithium development company advancing the Barroso project in northern Portugal, Western Europe's largest spodumene lithium deposit, targeting supply to the European battery chain. Pre-production; progress governed by permitting, community relations and lithium market conditions.
Read straight from the annual reports
5.4p at close on 5 Oct 2026 · 11 reported years, 2015–2025
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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.
4 years, at a glance
C001139-AR-2024-ch
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No current revenue drivers — pre-production company; future revenue expected from sale of spodumene concentrate and feldspar/quartz by-products once BLP reaches production (targeted 2028)
Revenue and Other Income both nil in 2025 and 2024 per Consolidated Statement of Comprehensive Income
page 80Administrative costs increase
Administrative expenses GBP4,413,039 in 2025 vs GBP4,250,179 in 2024 (4% increase, per Chairman's Statement)
page 9Foreign exchange gain
Group recognised an FX gain of GBP231,552 in 2025 vs an FX loss of GBP438,018 in 2024
page 80The lithium market environment strengthened during late 2025 and early 2026, with a notable recovery in spodumene prices and renewed sector investment... The Barroso Lithium Project is now firmly positioned as a cornerstone of Europe's emerging lithium value chain.
page 13In January 2026, Savannah formally signed an investment contract with AICEP securing a non-reimbursable Portuguese State grant of up to EUR110m; first 75% (EUR82.25m) linked to initial development expenditure and remaining 25% (EUR27.42m) linked to later operational performance milestones
page 114No dividend paid or recommended in 2025 or 2024; company is pre-revenue and funding development via equity, grants and prospective debt/project finance
page 63Auditor (BDO LLP) issued an unmodified opinion but identified a 'Material uncertainty relating to going concern' as a Key Audit Matter: the Group requires additional funding, for which there are currently no binding agreements, creating material uncertainty about the ability to continue as a going concern; the Directors nonetheless prepared the accounts on a going concern basis. Group materiality was GBP850,000 (1.5% of total assets, 2024: GBP640,000)
page 72- Attraction and Retention of Key People — Company culture/HR planning risk to executing business plansp.31
- Commodity Price Risk — inability to attract finance or maintain future productionp.31
- Country Risk — sovereign and political risks in Portugalp.31
- Cyber Risk — cyber attacks and/or failure of IT/energy/infrastructurep.31
Read from C001139-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 16 Apr 2027