Copper 360's revenue remained largely unchanged at R143.2 million ($8.9 million) for the year ended 28 February 2026, while the company significantly improved its basic and diluted loss per share by 38.9% to 27.87 cents ($0.017), according to its audited annual financial statements.
The headline loss per share improved by 19.1% to 27.36 cents ($0.017), down from 33.82 cents ($0.021) in the prior year.
The loss after tax increased by 14.2% to R366.8 million ($22.7 million), compared to R321.2 million ($19.9 million) in 2025.
It said the improved per-share metrics reflect non-cash audit adjustments identified in the accounting for the company's recapitalisation and debt restructuring transactions undertaken during the 2026 financial year. These included the measurement of shares issued to extinguish financial liabilities at quoted market price, as well as adjustments under IFRS 2 and IAS 38 relating to shares issued in connection with the reacquisition or cancellation of royalty and revenue-share rights.
The company said that the restructuring-related adjustments are accounting in nature and non-cash, and do not affect the company's cash resources, liquidity or underlying operations.
No dividend was declared for the period under review.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
