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An announcement from Tirupati Graphite Plc ( (GB:TGR) ) is now available.
Tirupati Graphite Plc has published its delayed 2024 annual report, highlighting significant financial and operational challenges faced during the year, including liquidity issues and leadership changes. Despite these difficulties, the company has made strides in 2025 to stabilize its operations and improve its financial outlook, with a focus on realizing the potential of its assets. The company reported a small loss after tax for the year, but a gain from the acquisition of Suni Resources in Mozambique helped offset operating losses. Production increased by 49%, but operational inefficiencies and market dynamics led to decreased margins. The company is now on a firmer footing to meet its listing obligations and pursue future growth.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist company in the flake graphite industry, supplying critical minerals essential for the global energy transition. The company operates primarily in Madagascar and Mozambique, focusing on graphite production and mining concessions.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
See more data about TGR stock on TipRanks’ Stock Analysis page.