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Miotal PLC
Interim / Quarterly Report • Jun 27, 2025
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Interim / Quarterly Report
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National Storage Mechanism | Additional information 
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
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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