Interim report
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The information contained within this announcement is deemed by the Company to constitute inside 30 September 2026 information as stipulated under the UK Market Abuse Regulation . Kodal Minerals Plc / Index : AIM / Epic : KOD / Sector : Mining Kodal Minerals plc ( ' Kodal ' , ' Kodal Minerals ' or the ' Company ' ) Interim Results for the six months to 30 June 2026 Kodal Minerals ( AIM : KOD ) , the West African lithium producer , mineral exploration and development company , announces its unaudited interim results for the six months ended 30 June 2026 ( ' H1 2026 ' or the ' Period ' ) . Kodal maintains its interest in the Bougouni Lithium Project in southern Mali ( “ Bougouni ” or the “ Project ” ) via its 49 per cent . shareholding in Kodal Mining UK Limited ( “ KMUK ” ) , which in turn holds a 65 per cent . shareholding in Les Mines de Lithium de Bougouni SA ( " LMLB " ) , the owner of the Project . Highlights Operational • • • Production at Bougouni for the Period was 53,195 dry metric tonnes ( " DMT " ) of spodumene concentrate grading 5.34 % Li₂O . A third shipment of approximately 20,400 DMT arrived at Hainan port on 27 June 2026. This brings completed exports of spodumene concentrate to over 69,000 tonnes to date . Open pit mining at the Ngoualana open pit continued , with additional equipment mobilised by the mining contractors leading to an improvement in mining activity . The strong lithium price environment and demand for spodumene concentrate enabled LMLB to generate positive returns and allowed it to commence repayment of loans from KMUK during the Period . Financial • • • • For the 6 months to 30 June 2026 , the Company made a profit of £ 3,496,000 ( 6 months to June 2025 : loss of £ 3,660,000 ) . The Company's share of KMUK's profit for the Period was £ 4,586,000 ( 6 months to June 2025 : loss of £ 2,406,000 ) . The carrying value of Kodal's investment in KMUK at 30 June 2026 was £ 25,566,000 ( 31 December 2025 : £ 20,601,000 ) . Kodal's cash balance at 30 June 2026 was £ 13,391,000 ( 31 December 2025 : £ 14,875,000 ) and cash as at 29 September 2026 was £ 12,960,000 . Post Period The fourth shipment of spodumene concentrate departed the Port of San Pedro , Côte d'Ivoire , shortly after the Period end . KMUK received a new export permit approving the export of a further 125,000 tonnes of spodumene concentrate . Loan repayments from LMLB to KMUK continued post Period - end , reaching a total of US $ 33 million , enabling KMUK to repay the Hainan loan facility in full and terminate the agreement . Bougouni Lithium Project The Period represents the first full period of commercial production at Bougouni since mining operations recommenced in November 2025 . During the Period , the Project produced 53,195 DMT of spodumene concentrate grading 5.34 % Li₂O . Commercial exports continued on schedule via the Port of San Pedro , with a third shipment of 20,400 DMT arriving in Hainan on 27 June 2026. Total payment received for this shipment was US $ 39.05 million , bringing completed exports to over 69,000 tonnes to date generating revenues for LMLB of approximately US $ 93 million .