RNS Number : 6101O

Wolfram Resources PLC

27 June 2025

27 June 2025

Wolfram Resources Plc (formerly Miotal Plc)

("Wolfram" or the "Company")

Interim Results for the Six Months Ended 31 March 2025

I am pleased to present the interim results for Wolfram Resources Plc ("Wolfram" or the "Company") for the period ended 31 March 2025.  The Company was admitted to the Standard Listing of the Main Market of the London Stock exchange on 5 June 2023 (XLON: WFR).

Chairman's Statement

During the period the Company made a loss of £226,161, compared with a loss of £142,812 for the same period last year.  The loss is largely due to everyday administration, travel, salaries and professional fees, whilst the Board has been diligently attempting  identify a suitable business with which to enter into a potential transaction. The Board has been working attentively to reduce the administrative costs of the Company, reducing salaries and outsourced administrative assistance. As at 31 March 2025, the Company's cash position was £84,983 (2024: £506,165).

These interim results have not been audited by the Company's auditor.

Post period events

Since the end of the reported period, the Company has continued to actively pursue alternative acquisition opportunities since the termination of the Heads of Terms with SMT Holdings Limited. The Company has also changed its name and TIDM ticker on 2 April 2025.

Directors of the company

The directors who have served during the period and up to the date of approval were as follows:

Graeme Muir	(Chairman)
Daniel Monks	(Executive Director)

Results and dividends

The interim statement of comprehensive income is set out below and shows the loss for six month period to 31 March 2025.  The directors consider the loss for the period to be in line with expectations.  The directors do not recommend a payment of a dividend.

This report was approved by the Board and signed on its behalf:

Graeme Muir

Chairman

The Directors of the Company accept responsibility for the content of this announcement.

Enquiries:

Company

Wolfram Resources Plc

Graeme Muir

gm@wolframresources.com

www.wolframresources.com

Peterhouse Capital Limited

Financial Advisor

Guy Miller & Brefo Gyasi

Telephone: 020 7469 0930

Corporate Broker

Lucy Williams / Duncan Vasey

Statement of Comprehensive Income for the 6 months ended 31 March 2025

	6 months to 31 March 202 5 Unaudited		Year ended 30 September 2024 Audited		6 months to 31 March 202 4 Unaudited
	£		£		£
Administrative expenses	(226,161)		( 339,187 )		(142,812)
Warrant expense	-		-		-
Operating Profit / (Loss)	(226,161)		( 339,187 )		(142,812)
Taxation	-		-		-
Loss for the period from continuing operations	( 226 , 161 )		(339,187)		(142,812)
Other comprehensive income	-		-		-
Total comprehensive income for the period	( 226 , 161 )		( 339,187 )		(142,812)
Earnings per share
Basic earnings per share	(0.277p)		( 0.4 p)		(0.174p)
Diluted earnings per share	(0.039p)		( 0.1 p)		(0.025p)

Statement of Financial Position for the 6 months ended 31 March 2025

	6 months to 31 March 202 5 Unaudited		Year ended 30 September 2024 Audited		6 months to 31 March 202 4 Unaudited
	£		£		£
Assets
Current assets
Trade and other receivables	13,143		35,743		26,962
Cash and cash equivalents	84,983		327,961		506,165
	98,126		363,704		533,127
Total assets	98,126		363,704		533,127
Current liabilities
Trade and other payables	15,379		54,796		27,844
	15,379		54,796		27,844
Net assets	82,747		308,908		505,283
Capital and reserves
Share capital	820,001		820,001		820,001
Warrant reserves	2,093,571		2,093,571		2,093,571
Retained earnings	- 2,8 30,825		(2, 604,664 )		(2,408,289)
Total equity	82,747		308,908		505,283

Statement of Changes in Equity for the 6 months ended 31 March 2025

	Share	Warrant	Retained	Total
	capital	reserves	Earnings
	£	£	£	£
As at 1 October 2023	820,001	2,093,571	(2,265,477)	648,095
Profit / (Loss) for the period	-	-	(142,812)	(142,812)
Total comprehensive income	-	-	(142,812)	(142,812)
Balance at 31 March 202 4	820,001	2,093,571	(2,408,289)	505,283
Net equity issued	-	-	-	820,000
Share warrant expense	-	-	-	2,093,571
Loss for the year	-	-	( 339,187 )	( 339,187 )
Total comprehensive income	-	-	( 339,187 )	( 339,187 )
Balance at 30 September 202 4	820,001	2,093,571	( 2,604,664 )	308,908
Loss for the period	-	-	(226,161)	( 226,161 )
Total comprehensive income	-	-	(226,161)	( 226,161 )
Balance at 31 March 202 5	820,001	2,093,571	(2,830,825)	82,747

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