Forgent reports narrower pre-tax loss

16th Jun 2026 12:20

(Sharecast News) - Forgent reported a pre-tax loss of €14.2m for 2025 on Tuesday, improved from a loss of €19.4m a year earlier, as the company completed a strategic overhaul that has shifted its focus towards mining and exploration alongside its existing energy transition activities.

The AIM-traded group generated revenue of €1.0m, down from €2.2m in 2024, while operating losses narrowed to €2.8m from €3.6m before significant non-cash impairment charges, including an €8.0m goodwill impairment and a €2.0m impairment of equity-accounted investments.

Post year-end, Forgent completed a corporate relaunch, equity fundraising and balance sheet restructuring, which it said eliminated near-term refinancing and funding risks.

The company has since acquired a 99% interest in the Green Rocks copper-gold project in Western Australia, secured interests in the Peak Hills and Mount Sholl projects, and plans to seek shareholder approval to formally transition to a primarily Australian-focused mining and exploration strategy.

Chief executive James Parsons said the company now had "a leaner cost structure, enhanced portfolio of assets, and clear focus on execution", adding that it was "well-positioned to rebuild value and deliver impactful results".

At 1151 BST, shares in Forgent were up 2.3% at 0.02p.

Reporting by Josh White for Sharecast.com.

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