Critical Metals plc (LSE:CRTM) published interim results for the six months to December 2025, marking a transitional period shaped by financial restructuring and changes at board level. The group appointed an interim chief executive alongside a new non-executive chairman, as it worked to stabilise the business and reset its strategic direction after a challenging period.
During the half year, the company secured fresh funding to strengthen its balance sheet, raising around £1.2m in August 2025 and a further £2.1m through a convertible loan note provided by majority shareholder NIU Invest SE. The capital injection allowed Critical Metals to address historic debt issues, bolster working capital and move from a net liability position to net assets of £3.1m. The group reported a modest profit for the period, largely reflecting debt forgiveness rather than underlying operating income.
Management also acknowledged delays in the publication of audited accounts, which resulted in a temporary suspension of the company’s shares. According to the update, enhanced financial controls and governance measures are now in place. The company said it is increasingly focused on near-term, revenue-generating opportunities at its Molulu Copper/Cobalt Project, while aiming to rebuild investor confidence and lay the foundations for more sustainable long-term growth.
Despite recent progress, the overall outlook continues to be constrained by weak underlying financial fundamentals, including a lack of recurring revenue, a history of losses and ongoing cash requirements, all of which point to elevated funding and execution risk. Positive share price momentum and supportive technical indicators offer some offset, although very overbought signals suggest the potential for short-term volatility. Valuation metrics provide limited support given negative earnings and the absence of a dividend.
More about Critical Metals Plc
Critical Metals plc is a mining company focused on the acquisition and development of assets in the critical and strategic metals sector. Its principal asset is the Molulu Copper/Cobalt Project, which is aligned with demand from the battery and energy transition markets. The company is supported by majority shareholder NIU Invest SE, which has played a key role in recent funding as Critical Metals works to stabilise its finances and advance development activity at Molulu.
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