Corpus Resources Plc reported a net loss of $246,413 for the six months ended June 30, 2026, reversing a $3.86 million profit in the same period of 2025, according to a company filing. The prior-year result was driven primarily by non-cash creditor write-backs following a Company Voluntary Arrangement.
The London-listed miner also posted a total comprehensive loss of $240,989, after recognizing a $5,424 foreign-currency translation gain. Basic and diluted loss per share amounted to $0.0001, down from earnings of $0.002 in H1 2025.
Cash and cash equivalents rose to $266,343 at June 30 from $37,172 at year-end 2025, reflecting a $387,856 net cash injection from a share placement completed in April. The company issued 3.11 billion new ordinary shares at 0.01 pence each, raising gross proceeds of £311,000 before expenses. Shares were placed on April 23 and admitted to trading on April 30.
Payment of directors' remuneration remains deferred, and Corpus Resources noted that additional funding will be required to meet ongoing operating and listing costs. Non-executive Chairman Richard Glass stated the board's objective is to secure exposure to oil and gas production and cash flow, evaluating opportunities in producing and near-production assets and non-operated interests with established operators.
All discussions are preliminary and non-binding, with no certainty of a completed transaction. Corpus Resources' ordinary shares trade on the Main Market of the London Stock Exchange under the equity shares (transition) category of the Official List.
