Hot Rocks Investments plc (HRIP)
31-Dec-2025 / 14:22 GMT/BST
HOT ROCKS INVESTMENTS PLC ("Hot Rocks" or the "Company") UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025 MANAGING DIRECTOR'S STATEMENT I hereby present the financial results for the Company for the 6 months ended 30 September 2025. The Company has been an active investor in junior natural resources companies and other sectors. We generally seek to invest in exciting small companies where our valuation entry point reflects the early-stage nature of their business which, although carrying higher risk, gives us exposure to considerable upside. We have continued to build and nurture our investment portfolio and we are pleased with performance, particularly in light of difficult market conditions for small companies. The Company has a favourable cash position and liquidity from various holdings enabling us to take advantage of situations as they arise. The Company made a profit for the six months of £423,610. The Company will not be paying a dividend at this stage as we seek to reinvest profits in to further opportunities with the potential for significant capital growth. Cash at bank at 30 September 2025 was £305,326. Of particular note during the period, and since the period end are the following: WeShop Holdings Limited (“WeShop”) – the Company already held 37,500 WeShop class A ordinary shares (“WeShop Shares”) and post period end WeShop Shares commenced trading on NASDAQ under the ticker WSHP. The Company has agreed to acquire a further 500,000 WeShop Shares and will take delivery on 14 November 2026. This is a significant position. At $95.25 per WeShop Share (closing market price on NASDAQ on 30 December 2025) the 537,500 WeShop Shares are valued at approximately $51,200,000. Sunshine Gold Capital Pty Ltd (“Sunshine”) – the Company has acquired a 25% equity stake. Sunshine is targeting the next major gold discovery in western Australia and holds 100% of Dexter Gold with 2 granted exploration leases with total ground holding of 420 square kilometres (granted December 2024 for 5 years with no native title objections). Dexter has similar rock types and favourable geological structures, analogous to the large producing gold mines at nearby Tropicana (Anglogold) and Gruyere (Gold Road / Gold Fields SA). The district discoveries at Tropicana, Gruyere, Central Bore & Attila total over 17Moz of discovered gold resources. Hot Rocks has an option to acquire, subject to any required approvals, a further 26% of Sunshine Gold Capital Pty Ltd in consideration of providing a further drawdown facility of a further £125,000 to Sunshine Gold. Mendell Helium plc (“Mendell”) – Hot Rocks invested £150,000 at 2p per share for 7,500,000 ordinary shares and 3,750,000 warrants at 4p and 3,750,000 warrants at 6p. Mendell has recently announced an updated flow rate for M3 Helium Corporation's Rost 1-26 well in Fort Dodge, Kansas. Flow rate at the well has been measured at 250 Mcf per day - a 132% increase over the last measured rate in November 2025, equating to a potential value of approximately $3,800 of helium per day or approximately $1.4 million per year. The well is now flowing gas even when the pump is turned off and the well will be switched on to a beam pump which is more economical to run. Mendell is in discussions with partners to develop further wells in Fort Dodge. Mosi Copper Limited - an Africa-focused copper exploration company, continues to make good progress, has signed a joint venture with a major mining company, and plans to float on a stock exchange in 2026. The Company has equity and/or warrant interests in the following entities: Astrid Intelligence plc B Hodl plc Bolt Metals Corp. Electrum Discovery Corp Elephant Oil Corp Endor Group Ltd t/a Universe Money Hamak Gold Ltd Laiva Gold Inc Mafula Energy Limited Mendell Helium Plc Minergy Limited Mosi Copper Limited Orcadian Energy plc Oregen Energy Corp. Oscillate plc Parent Capital Corp Pilar Gold Inc Prospectiva Resources Limited Rift Resources Limited Sunshine Gold Capital Pty Ltd Supernova Digital Assets plc T5 Oil & Gas Ltd Tap Global Group plc The Smarter Web Company plc Trigon Metals Inc Tucano Gold Inc Unicorn Mineral Resources plc WeShop Holdings Limited We look forward to keeping the market updated regularly during 2026 on our various interests. Gavin Burnell Managing Director For further details please contact: Hot Rocks Investments plc Gavin Burnell Tel: 0207 2644 546 Optiva Securities Limited Vishal Balasingham Tel: 0203 981 4174 The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025 | | Unaudited 6 Months | Unaudited 6 Months | Audited Year | | | to 30.9.25 | to 30.9.24 | to 31.3.25 | | Continuing operations | | | | | Revenue | 0 | 0 | 0 | | Operating expenses | (64,624) | (42,908) | (89,814) | | Other gain(loss) – sale of financial assets at fair value through profit & loss account | 386,000 | 173,513 | 173,874 | | | | | | | Fair value gains(losses) on financial assets | 102,046 | 45,917 | (257,678) | | | | | | | Profit(loss) from operations before taxation | 423,422 | 176,612 | (173,618) | | | | | | | Finance income | 188 | 0 | 3 | | | | | | | Corporation tax | 0 | 0 | 173,615 | | | | | | | Profit(loss) for period | 423,610 | 176,612 | (173,615) | | | | | | | Total comprehensive income(expenditure) for the period | 423,610 | 176,612 | (173,615) | | | | | | | Profit(loss) per share (pence) | | | | | Basic | 0.22 | 0.10 | (0.10) | | Diluted | 0.22 | 0.10 | (0.09) |
HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF FINANCIAL POSITION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025 | | Unaudited 6 Months | Unaudited 6 Months | Audited Year | | | to 30.9.25 | to 30.9.24 | to 31.3.25 | | Assets | | | | | | | | | | Non-current assets | | | | | | | | | | Financial assets at fair value through profit and loss | 338,145 | 393,981 | 338,145 | | | | | | | | 338,145 | 393,981 | 338,145 | | | | | | | Current assets | | | | | | | | | | Financial assets at fair value through profit and loss | 959,762 | 272,536 | 246,650 | | | | | | | Trade and other receivables | 1,032 | 517 | 26,703 | | Cash and cash equivalents | 305,326 | 341,960 | 108,360 | | | 1,266,129 | 615,013 | 381,713 | | | | | | | Total assets | 1,604,265 | 1,008,994 | 719,858 | | | | | | | Equity and liabilities | | | | | | | | | | Equity | | | | | | | | | | Called up share capital | 192,602 | 173,602 | 188,602 | | | | | | | Share premium account | 1,665,631 | 1,174,631 | 1,219,631 | | | | | | | Share based payment reserve | 115,600 | 115,600 | 115,600 | | | | | | | Retained loss | (692,482) | (766,312) | (1,116,091) | | | | | | | | 1,281,351 | 697,512 | 407,742 | | | | | | | Current liabilities | | | | | | | | | | Trade and other payables | 322,914 | 311,473 | 312,116 | | | | | | | Total equity and liabilities | 1,604,265 | 1,008,994 | 719,858 |
HOT ROCKS INVESTMENTS PLC CONDENSED CASH FLOW STATEMENT FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025 | | Unaudited 6 Months | Unaudited 6 Months | Audited Year | | | to 30.9.25 | to 30.9.24 | to 31.3.25 | | Cash flows from operating activities | | | | | | | | | | Operating profit(loss) | 423,422 | 176,162 | (173,618) | | | | | | | Adjustments: Interest | 188 | 0 | 3 | | Fair value adjustment of financial assets through profit and loss | (102,046) | (45,917) | 257,678 | | | | | | | (Profit)/loss on disposal of financial assets through profit and loss | (386,000) | (173,153) | (173,874) | | | | | | | Movements in working capital: (Increase)/decrease in trade and other receivables | 25,671 | (399) | (26,583) | | Increase in trade and other payables | 10,798 | 2,505 | 3,145 | | | | | | | Increase / Decrease in working capital | (451,389) | (216,964) | 60,366 | | Cash flow from operating activities | (27,967) | (40,802) | (113,249) | | | | | | | Cash flows from investing activities | | | | | | | | | | Proceeds from disposal of financial assets through profit and loss | 635,363 | 377,376 | 403,173 | | | | | | | Acquisition of financial assets through profit and loss | (860,432) | 0 | (246,950) | | | | | | | Net cash used in investing activities | (225,069) | 377,376 | 156,223 | | Shares issued | 450,000 | 0 | 60,000 | | | | | | | Increase (Decrease) in cash and cash equivalents | 224,933 | 336,574 | 102,974 | | | | | | | Cash & cash equivalents at the beginning of the | | | | | period | 108,360 | 5,386 | 5,386 | | | | | | | Cash and cash equivalents at the end of the period | 305,326 | 341,960 | 108,360 |
HOT ROCKS INVESTMENTS PLC ACCOUNTING POLICIES FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025 Financial information The financial information set out above does not constitute statutory accounts within the meaning of Section 434 Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS) as adopted by the United Kingdom. The accounting policies used in the preparation of this set of condensed interim financial statements are consistent with those set out in the Company's annual financial statements for the year ended 31 March 2025. Statutory accounts for the year ended 31 March 2025 were approved by the Board of Directors on 30 September 2025 and delivered to the Registrar of Companies. The report of the independent auditor on those accounts was unqualified. The financial information for the six months ended 30 September 2025 has not been reviewed. As permitted, the Company has chosen not to adopt IAS 34 "Interim Financial Statements" in preparing this interim financial information. Risks and uncertainties The Board continually assesses and monitors the key risks of the business. The key risks that could affect the Company's medium-term performance and the factors that mitigate those risks have not substantially changed from those discussed in the Financial Statements to 31 March 2025. Critical accounting estimates The preparation of the condensed interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the end of the reporting period. Significant items subject to estimates are set out in the accounting policies of the Company's Financial Statements to 31 March 2025. The Directors of the issuer are responsible for the content of this announcement.
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