DJ Hot Rocks Investments plc: Audited Final Results for year ended 31 March 2025
Hot Rocks Investments plc (HRIP)
Hot Rocks Investments plc: Audited Final Results for year ended 31 March 2025
30-Sep-2025 / 16:21 GMT/BST
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30 September 2025
HOT ROCKS INVESTMENTS PLC
(the "Company")
Audited Final Results for year ended 31 March 2025
Managing Director's Statement
"I hereby present the financial results for the Company for the year ended 31 March 2025. The Company has been an
active investor primarily in junior natural resources companies. The Company also reviews opportunities to invest in
other sectors, particularly technology, and generally seeks to invest in exciting companies where our valuation entry
point reflects the early-stage nature of their business or sector which, although carrying higher risk, gives us
exposure to considerable upside.
We have continued to build and nurture our investment portfolio during the year in difficult market conditions for
small companies and are pleased with the Company performance. We also had a favourable cash position enabling us to
take advantage of situations as they arose.
The Company made a loss for the year of GBP173,615, and a profit of GBP46,984 in the prior year. The Company will not be
paying a dividend for the foreseeable future (2024: GBPNil) as we seek to reinvest any sale proceeds from our investments
into opportunities with the potential for significant capital growth.
Cash and cash equivalents as at the year end of 31 March 2025 were GBP108,360 (2024: GBP5,386).
During the year we sold approximately 94% of our holding in Phoenix Digital Assets plc in a tender offer for the sum of
GBP235,125.
We also sold our holding in Impact Oil & Gas Limited, to Africa Oil Corp, receiving the sum of GBP142,250, a 5.6X return
on the Company's investment.
Post year end we have been very active, taking interests in various companies including Wishbone Gold plc, The Smarter
Web Company plc, Oregen Energy Corp (formerly Supernova Metals Corp.), Mendell Helium plc, First Development Resources
plc, Hamak Gold Ltd, Astrid Intelligence plc (formerly CEL AI plc), B.Hodl plc, Prospectiva Resources Limited and
Parent Capital Corp.
We now hold interests in ordinary shares and/or convertible loans and/or warrants in the following entities:
Astrid Intelligence plc (formerly CEL AI plc)
B.HODL plc
Electrum Discovery Corp
Elephant Oil Corp
Endor Group Limited t/a Universe Payments
Hamak Gold Ltd
Laiva Gold Inc
Mafula Energy Limited
Mendell Helium plc
Minergy Limited
Mosi Copper Limited
Orcadian Energy plc
Oregen Energy Corp (formerly Supernova Metals Corp)
Oscillate plc
Parent Capital Corp.
Phoenix Digital Assets plc
Pilar Gold Inc
Prospectiva Resources Limited
Rift Resources Limited
Supernova Digital Assets plc
TAP Global Group plc
The Smarter Web Company Plc
T5 Oil & Gas Ltd
Trigon Metals Inc
Tucano Gold Inc
Unicorn Mineral Resources plc
WeShop Holdings Limited
We are seeing numerous exciting opportunities at present and look forward to keeping the market updated in the coming
months."
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
HOT ROCKS INVESTMENTS PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
2025 2024
GBP GBP
Continuing Operations
Revenue - -
Operating expenses (89,814) (67,902)
Other profit/(loss) - sale of financial assets at fair value through profit and loss account 173,874 775
Foreign exchange loss on financial assets - -
Movement in fair value of financial assets through profit
(257,678) 113,928
and loss
OPERATING (LOSS)/PROFIT (173,618) 46,801
Finance income 3 183
(LOSS)/PROFIT BEFORE INCOME TAX (173,615) 46,984
Income tax - -
(LOSS)/PROFIT AFTER INCOME TAX (173,615) 46,984
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Other Comprehensive Income
Items that may be reclassified subsequently to profit or loss - -
Fair value change in value on financial assets - -
Total Comprehensive (loss)/income for the year (173,615) 46,984
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Basic (loss)/earnings per share (pence) (0.10) 0.03
Diluted (loss)/earnings per share (pence) (0.09) 0.02
HOT ROCKS INVESTMENTS PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
Issued capital Share premium Other reserves Retained earnings Total equity
GBP GBP GBP GBP GBP
Balance at 1 April 173,602 1,174,631 115,600 (942,476) 521,357
2024
Loss for the year - - - (173,615) (173,615)
Share issues 15,000 45,000 - - 60,000
188,602 1,219,631 115,600 (1,116,091) 407,742
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Issued capital Share premium Other reserves Retained earnings Total equity
GBP GBP GBP GBP GBP
Balance at 1 April 173,602 1,174,631 115,600 (989,460) 474,373
2023
46,984
Profit for the year - - - 46,984
173,602 (942,476)
1,174,631 115,600 521,357
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HOT ROCKS INVESTMENTS PLC
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025 2024
GBP GBP
ASSETS
CURRENT ASSETS
Financial assets designated as fair value through profit or 584,795 824,823
loss
Trade and other receivables 26,703 117
Cash and cash equivalents 108,360 5,386
TOTAL ASSETS 719,858 830,326
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EQUITY
ISSUED CAPITAL AND RESERVES
Issued share capital 188,602 173,602
Share premium 1,219,631 1,174,631
Reserves 115,600 115,600
Retained loss (1,116,091) (942,476)
TOTAL EQUITY 407,742 512,357
CURRENT LIABILITIES
Trade and other payables 312,116 308,969
TOTAL EQUITY AND LIABILITIES 719,858 830,326
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HOT ROCKS INVESTMENTS PLC
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025 2024
GBP GBP
CASH FLOWS FROM OPERATING ACTIVITIES
Total operating (loss)/profit (173,618) 46,801
ADJUSTMENTS TO RECONCILE TO PROFIT FROM OPERATIONS
Finance income 3 183
ADJUSTMENTS TO RECONCILE PROFIT FROM OPERATIONS (173,615) 46,984
INCREASE IN WORKING CAPITAL
(Profit)/loss on disposal of financial assets held through
(173,874) (775)
profit and loss
Movement in fair value of financial assets through profit and loss 257,678 (113,928)
(Increase)/decrease in trade and other receivables (26,583) 489
Increase in trade and other payables 3,145 31,244
INCREASE/(DECREASE) IN WORKING CAPITAL 60,366 (82,970)
CASH FLOWS FROM OPERATING ACTIVITIES (113,249) (35,986)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of financial assets through profit and loss (246,950) (172,024)
Proceeds from disposal of financial assets through profit and loss 403,173 191,486
NET CASH FLOWS FROM INVESTING ACTIVITIES 156,223 19,444
CASH FLOWS FROM FINANCING ACTIVITIES
Shares issued 60,000 -
NET CASH FLOWS FROM FINANCING ACTIVITIES 60,000 -
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 102,974 (16,542)
Cash and cash equivalents as at 1 April 5,386 21,928
CASH AND CASH EQUIVALENTS AS AT 31 MARCH 108,360 5,386
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HOT ROCKS INVESTMENTS PLC
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 MARCH 2025
1. AUTHORISATION OF FINANCIAL STATEMENTS AND STATEMENT OF COMPLIANCE WITH IFRS'S
The company's financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom and as applied in accordance with the provisions of the Companies Act 2006. The principal accounting policies adopted by the company are set out in note 2.
2. ACCOUNTING POLICIES
The principal Accounting Policies Applied in the preparation of these Financial Statements are set our below. These Policies have been applied consistently to all the periods presented, unless otherwise stated.
Basis of preparation of Financial Statements
The Financial Statements have been prepared in accordance with International Financial Reporting Standards as adopted by the United Kingdom (IFRS as adopted by the UK), IFRIC interpretations (IFRSIC) and those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The Financial Statements have also been prepared under the historical cost convention, as modified by the revaluation of financial assets at fair value through profit and loss account.
The preparation of the Financial Statements in conformity with IFRSs required the use of certain critical accounting estimates and assumptions. It also requires management to exercise its judgement in the process of applying the Company's Accounting Policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the Financial Statements, are disclosed later in these accounting policies.
The Financial Statements are presented in sterling (GBP) which is the functional currency of the Company, rounded to the nearest pound on an annual basis and management confirm that they give a fair presentation of the Company.
New standards, amendments and interpretations adopted by the Company
The following relevant IFRS or IFRIC interpretations were effective for the first time for the financial year beginning 1 April 2024. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements:
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GB00B1WV3198 Category Code: FR TIDM: HRIP LEI Code: 213800JNSRPMZVREEO51 Sequence No.: 403715 EQS News ID: 2206266 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 30, 2025 11:21 ET (15:21 GMT)
