Metals One Plc. (MET1.L), a London-based mineral exploration and development company, reported a widened pre-tax loss in the first half, mainly aided by exploration expenditures. Meanwhile, loss per share narrowed.
On the London Stock Exchange, the shares were trading 5.90% lower at 3.57 pence.
Pre-tax loss on ordinary activities widened to 1.460 million pounds from 0.773 million pounds a year ago.
Loss attributable to equity holdings widened to 1.455 million pounds from 0.769 million pounds in the year ago.
However, loss per share narrowed to 2.04 pence from 2.40 pence in the prior year.
The company's expenditure increased to 1.36 million pounds from 0.77 million pounds in the prior year.
As an exploration company, Metals One does not yet generate revenue.
The firm also reported a 35% boost in net assets in the first half.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.