New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (US$49k revenue). Reported Earnings • Apr 30
Full year 2025 earnings released: US$0.001 loss per share (vs US$0.001 loss in FY 2024) Full year 2025 results: US$0.001 loss per share (in line with FY 2024). Net loss: US$4.98m (loss narrowed 6.0% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$35k revenue). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$35k revenue). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • Feb 05
Aminex plc Provides Ntorya Operations Update Aminex plc provided the following update from the operator (ARA Petroleum Tanzania (APT), on the Ntorya development: the civil works in and around the Ntorya development began on schedule at the end of January 2026; various engineering and surveying contracts for the hook-up of the Ntorya-2 well have been awarded and work has begun, with the award of the principal contract expected to be made shortly; the procurement process for contracting a drilling rig for the drilling of the Chikumbi-1 well (CH-1) and workover of the Ntory a well (NT-1) is well underway, with a shortlist of contractors now finalised. TPDC has also informed the Company that line pipe for the pipeline from Ntorya to Madimba is now at the site. New Risk • Oct 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£74.9m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$35k revenue). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (UK£74.9m market cap, or US$99.6m). Announcement • Oct 07
Aminex PLC has completed a Follow-on Equity Offering in the amount of £2.925 million. Aminex PLC has completed a Follow-on Equity Offering in the amount of £2.925 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 177,272,727
Price\Range: £0.0165
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 29
First half 2025 earnings released: EPS: US$0 (vs US$0 in 1H 2024) First half 2025 results: EPS: US$0 (in line with 1H 2024). Net loss: US$1.50m (loss widened 11% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 28
Aminex plc Announces Ntorya Operations Update Aminex plc announced that during meetings in Tanzania this week between the Tanzania Petroleum Development Corporation (TPDC), ARA Petroleum Tanzania (APT) and Aminex, the TPDC provided the following update on the pipeline from the Ntorya gas field to the Madimba gas processing plant (the Pipeline): the Pipeline contractors have begun the procurement process for the acquisition of all necessary pipe and equipment; mobilisation of construction equipment to the site will begin in September 2025; and groundwork and pipelaying will commence in January 2026 with completion by July 2026. The processing and storage of condensate was also discussed by the parties during such meetings. The Petroleum Upstream Regulatory Authority (PURA) has approved the tender strategy for contracting a rig to drill the Chikumbi-1 well and perform a workover on the Ntorya-1 well, along with all related services. APT has informed Aminex that it will be requesting expressions of interest from the relevant service contractors next week. Announcement • Jul 17
Aminex plc Announces Ntorya Operations Update Aminex announced the following operations update on the Ntorya development: At the end of last week, the Tanzania Petroleum Development Corporation (TPDC) formally notified the operator of the Ntorya development (ARA Petroleum Tanzania Limited (APT)) that construction of the pipeline from the Ntorya gas field to the Madimba gas processing plant (the Pipeline) shall commence in July 2025 and is scheduled to be completed and commissioned by the end of July 2026. The Ntorya-2 well will provide gas once the Pipeline is commissioned. Earlier this week, APT presented a tender strategy to the Petroleum Upstream Regulatory Authority (PURA) for contracting a rig to drill the Chikumbi-1 well and perform a workover on the Ntorya-1 well, along with all related services. PURA requested this strategy to expedite the tendering process. Once APT receives approval from PURA, it will immediately issue the rig tender and tenders for other necessary services, expecting to do so no later than mid-August 2025. New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.4m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (US$39k revenue). Minor Risk Market cap is less than US$100m (UK£61.6m market cap, or US$84.1m). New Risk • May 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.4m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (US$39k revenue). Minor Risk Market cap is less than US$100m (UK£48.5m market cap, or US$64.3m). New Risk • Apr 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Market cap is less than US$100m (UK£50.6m market cap, or US$65.5m). New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (UK£54.8m market cap, or US$69.3m). New Risk • Dec 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (UK£43.5m market cap, or US$54.7m). Reported Earnings • Oct 02
First half 2023 earnings released: EPS: US$0 (vs US$0 in 1H 2022) First half 2023 results: EPS: US$0 (in line with 1H 2022). Net loss: US$956.0k (loss narrowed 25% from 1H 2022). New Risk • Sep 29
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Revenue is less than US$1m (US$119k revenue). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (UK£65.4m market cap, or US$87.5m). Announcement • May 11
Aminex PLC Provides Update on Ntorya to Madimba Pipeline Aminex announced that during a recent operations meeting in Muscat, Oman with ARA Petroleum Tanzania (APT) and Aminex, the Tanzania Petroleum Development Corporation (TPDC) updated the joint venture partners on its progress to construct a pipeline spur from Ntorya to the Madimba gas processing plant (the Pipeline). The TPDC told Aminex and APT that: It has acquired the land required for the Pipeline. It has completed all front-end engineering and design works required for the construction of a 35km pipeline to connect to the TPDC's existing processing and transmission infrastructure at Madimba. It is in the process of completing the necessary Environmental Impact Study in relation to the construction of the Pipeline. It expects to issue a tender for the construction of the Pipeline in July 2024. The TPDC is responsible for the Pipeline's construction. At the meeting with Aminex and ARA, it reiterated its, and the Tanzanian Government's, firm commitment to achieving first gas as soon as possible, with a deadline of no later than mid-2025. New Risk • Apr 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (US$119k revenue). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£49.5m market cap, or US$61.6m). New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$119k revenue). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (UK£33.7m market cap, or US$41.9m). Reported Earnings • Oct 02
First half 2023 earnings released: EPS: US$0 (vs US$0 in 1H 2022) First half 2023 results: EPS: US$0 (in line with 1H 2022). Net loss: US$956.0k (loss narrowed 25% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year. Announcement • Sep 01
Aminex Announces Directorate Change Aminex announced the appointment of Robert Ambrose as a Non-Executive Director of the Company with immediate effect. Mr. Ambrose will also replace James Lansdell, who steps down as a Non-Executive Director with immediate effect. Mr. Ambrose served on the Board of Aminex between September 2019 and April 2020 as a Non-Executive Director and as interim Chief Executive Officer between April 2020 and January 2021. Announcement • Jul 12
Aminex plc Announces Ruvuma Operations Update Aminex PLC announced that operations on the Ruvuma PSC have continued to progress under the direction of the operator, ARA Petroleum Tanzania Limited ("APT"): Following analysis of the results of the initial 3D seismic processing and interpretation, the JV partners have chosen a new optimal target location of the Chikumbi-1 well ("CH-1"). The Tanzanian authorities have given provisional approval of the new CH-1 well pad location and final written approval is expected imminently. The full processing of the 3D seismic data is now complete. Given the vast volume of data acquired, interpretation is now due to be completed in fourth quarter of 2023, which may result in a full revision of gas reserve and resource potential for the field. A well-workover of the Ntorya-1 well ("NT-1"), to enable rapid tie-in to the gas production facilities and bring the well into early production requires the use of a drilling rig and remains scheduled to run after the drilling of CH-1. The Gas Sales Agreement ("GSA") in respect of the Ntorya Gas Field has now been agreed among the JV partners and the Tanzania Petroleum Development Corporation ("TPDC"). Signing of the GSA will take place upon approval by the Attorney General's Office. The Field Development Plan ("FDP") for the development of the Ntorya Area has now been approved by all parties. The Development Licence for the Ntorya area has been approved by all relevant Tanzanian authorities and has been submitted to the Cabinet of Ministers for final authorisation. The Tanzanian authorities have continued with the necessary workstreams to progress the construction of the export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas, according to recent public reports, by December 2023. APT recently received the first shipment of long lead items, including tubulars, required for the spudding of the CH-1 well. Announcement • Jun 20
Aminex PLC, Annual General Meeting, Jul 13, 2023 Aminex PLC, Annual General Meeting, Jul 13, 2023, at 11:00 Coordinated Universal Time. Location: The Geological Society, Burlington House, Piccadilly London United Kingdom Agenda: To receive and consider the Statement of Accounts for the year ended 31 December 2022 and the reports of the Directors and Auditor thereon; to re-elect Tom Mackay as a Director who retires in accordance with Article 104 of the Articles of Association; to authorise the Directors to fix the remuneration of the Auditor; to consider that the Directors be and are hereby generally and unconditionally authorised pursuant to Section 1021 of the Companies Act 2014 to exercise all the powers of the Company to allot relevant securities (within the meaning of Section 1021 of the Act) up to a maximum amount equal to the aggregate nominal value of the authorised but unissued share capital of the Company from time to time; and to consider other matters. Reported Earnings • May 01
Full year 2022 earnings released: US$0.001 loss per share (vs US$0.002 loss in FY 2021) Full year 2022 results: US$0.001 loss per share (improved from US$0.002 loss in FY 2021). Net loss: US$4.06m (loss narrowed 53% from FY 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Executive Chairman Charles Santos is the most experienced director on the board, commencing their role in 2020. Senior Independent Non-Executive Director Tom Mackay was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: US$0 (vs US$0 in 1H 2021) First half 2022 results: EPS: US$0 (in line with 1H 2021). Net loss: US$1.27m (loss narrowed 21% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Executive Chairman Charles Santos is the most experienced director on the board, commencing their role in 2020. Senior Independent Non-Executive Director Tom Mackay was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Apr 12
Full year 2021 earnings released: US$0.002 loss per share (vs US$0.002 loss in FY 2020) Full year 2021 results: US$0.002 loss per share (vs US$0.002 loss in FY 2020). Net loss: US$8.56m (loss widened 39% from FY 2020). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 04
Full year 2020 earnings released: US$0.002 loss per share (vs US$0.004 loss in FY 2019) Full year 2020 results: Net loss: US$6.14m (loss narrowed 60% from FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. 