Techfinancials, Inc. She published today her uncontrolled temporary report for the six months ended on June 30, 2025.
The company’s revenue is US $ NIL in the first half of 2025. The loss for the shareholders is $ 0.06 million (H1 2024: loss of $ 0.09 million).
The cash position at the end of H1 2025 is $ 0.15 million (December 31 2024: US $ 0.17 million).
The company published a basic loss per share (“EPS”) (US $ 0.001) (H1 2024 (US $ 0.001).
Asaf Lahav, a member of Techfinancials Managing Council, commented:
“I am pleased to announce significant progress in our ongoing efforts to identify investment opportunities to maximize the value of the company, utilizing its available cash.
Since the previous reference period, the company has agreed to the terms of acquisition to acquire up to 60% of Dilotiko Limited, the Iron Relief project, located in Kenya’s Taita Taveta. At the upcoming Annual General Assembly, which will take place on October 16, 2025, shareholders will be called upon to approve the acquisition of 25% of the Dilotiko project and the option to acquire up to 60% of Dilotko Limited. The details can be found in the announcement of September 18, 2025 “.
Subject to the approval of these resolutions, the company will also proceed with a folding of £ 250,000, backed by Gathoni Muchai Investments Limited (“GMI”) and apply a name change to Ubuntu Mining and Metals, Inc. with a new Ticker “UNTU” symbol.