Rockfire Resources (ROCK) H1 2026 earnings summary

Executive summary

• Total comprehensive loss for H1 2026 was £1,126,157, up £498,933 year-over-year, mainly due to increased drilling and project development expenditure.

• Active development of the Molaoi zinc/germanium/silver/lead deposit in Greece, with resource upgrade drilling ongoing and pre-feasibility studies scheduled for Q2 2027.

• Acquisition of a company-owned drilling rig to address productivity issues caused by equipment and labor shortages.

Financial highlights

• Loss before taxation for H1 2026 was £1,289,566, compared to £536,087 in H1 2025.

• Administrative expenses rose to £1,289,762 from £536,087 year-over-year.

• Cash and cash equivalents increased to £1,829,762 as of 30 June 2026, up from £140,079 at 30 June 2025.

• Net cash outflow from operating activities was £1,248,368 for H1 2026.

• Share capital increased to £14,747,052, and share premium to £21,654,434 as of 30 June 2026.

Outlook and guidance

• Drilling at Molaoi to continue through at least the end of 2026, with pre-feasibility study planned for Q2 2027.

• Ongoing surveys (ecological, hydrology, comminution) to support project advancement.