Richmond Hill Resources Plc - Final Results – Company Announcement

Richmond Hill Resources Plc - Final Results

Mar 25 2026 07:00 BST

Richmond Hill Resources PLC
(“Richmond Hill” or the “Company”)

Final Results for the Year Ended 30 September 2025

Richmond Hill Resources PLC (AIM: RHR) is pleased to announce that its Final Results for the year ended 30 September 2025 will shortly be posted to shareholders and are available on the Company's website: https://richmondhillresources.com/investors/corporate-documents/

This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

        Richmond Hill Resources plc
                                                 Tel: +44 (0)787958 4153
Hamish HarrisCairn Financial Advisers LLP (Nominated Adviser)
                                                 Tel: +44 (0)20 7213 0880
Ludovico Lazzaretti / James WesternClear Capital Limited (Broker)
                                                 Tel: +44 (0) 20 3869 6080
Bob Roberts

Further information on the Company can be found on its website at https://richmondhillresources.com/

DIRECTOR’S STATEMENT & STRATEGIC REPORT

Following extensive review and deliberation by the Board regarding Shareholder value and the long-term success of Richmond Hill Resources Plc, the Company made the decision to divest its subsidiaries in the beverage industry and instead concentrate on the natural resources sector, in the first instance in a copper exploration asset in Canada. The Company subsequently entered into an Acquisition Agreement with Ulvestone Ltd pursuant to which the Company acquired the entire issued share capital of the Bulawayo CC Ventures, owner of the Saint Sophie copper Project which consists of 145 map designated mineral exploration tiles covering a total surface area of approximately 87 km2. The Project is located in the Centre-du-Québec region, approximately 165 km east of Montreal and 80 km southwest of Quebec City in Canada, within a region known for copper mineralisation. As part of the process the Company delisted from AQUIS and was admitted to trading on AIM raising gross proceeds of circa £1,400,000.

In December 2025 Richmond Hill subsequently announced it had entered into a binding term sheet to acquire the Martello Gold Project in Ontario Canada which consists of 88 mining claims located within 4,241 hectares situated in the Wabigoon Greenstone belt which includes numerous other reported gold deposits.

Subsequently, Richmond Hill engaged the services of a third-party contractor to undertake technical work, including historic data compilation, target generation, and drill-programme planning.

In January 2026 the Company raised gross proceeds of £600,000 at a placing price of 2.6 pence per share and shortly after raised an additional £39,000 via a retail WRAP offer.

Looking ahead, Richmond Hill plans to progress its two Canadian projects with the Martello project in particular expected to be undertaking a maiden drill campaign in the coming months. The Company remains focused on unlocking long-term shareholder value by advancing our core assets, securing non-dilutive funding, and actively managing its portfolio in line with market cycles.

The Directors would like to thank all our shareholders and stakeholders for their continued support and look forward to updating them as we progress forward.

Results for the year

The loss before tax on continuing operations for the year amounted to $1,001,000 (year to 30 September 2024: $1,662,000) which includes impairment of intangibles amounting to $Nil (2024: $1,327,000), staff cost amounting $124,000 (2024: $Nil) and professional and consultancy fees amounting to $202,000 (2024: $60,000).

Net assets have decreased from ($399,000) to ($1,253,000).

GROUP STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 SEPTEMBER 202 5


                                                                  Year ended 30
                                                   Yearended30
                                                                  September 2024
                                                   September2025
                                                                  (restated*)
                                                   $’000
                                                                  $’000

                                                   -              -
Revenue Cost of sales
                                                   -              -

Gross Profit                                       -              -

IPO and related extraordinary costs                (542)          -

Impairment of intangible assets                    -              (1,327)

Share based payments                               -              (3)

Inventory write down                               -              0

Other administrative expenses                      (448)          (330)

Total administrative expenses                      (990)          (1,660)

Lossfromcontinuingoperations                       (990)          (1,660)

Finance cost                                       (11)           (2)

Lossbeforeandaftertaxation,andlossattributableto
the equity holders of the Company from             (1,001)        (1,662)
continuingoperations

Loss on remeasurement to fair value of assets      (48)           -
held for sale

(Loss)/profit on discontinued operations           (360)          (3,591)

Lossfortheyear                                     (1,409)        (5,253)

Exchange difference on translating foreign         25             (20)
operations

Totalcomprehensivelossfortheyear,attributableto    (1,384)        (5,273)
owners of the company

Profit/(loss)attributableto

Non-controlling shareholders                       (150)          (993)

Equity holders of the parent                       (1,259)        (4,260)

                                                   (1,409)        (5,253)

Totalcomprehensivelossattributableto

Non-controlling shareholders                       (150)          (993)

Equity holders of the parent                       (1,234)        (4,280)

                                                   (1,384)        (5,273)

Totalearningsperordinaryshare

Basic and diluted loss per share (cents) from    9 (1.42)         (7.98)
continuing operations (restated)

Basic and diluted loss per share (cents) from    9 (0.36)         (12.47)
discontinued operations

As permitted by section 408 of the Companies Act 2006, the parent company’s profit and loss account has not been included in these financial statements. The loss after taxation for the financial year for the parent company was $988,000 (2024: $5,275,000).

*The activities of Mazeray Corporation, STI signature Spirits Group LLC, Shinju Spirits Inc. and Shinju Whiskey LLC have been reclassified as discontinued operations.