Shumba Energy : CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE 6 MONTHS ENDED 31 DECEMBER 2023

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE 6 MONTHS ENDED 31 DECEMBER 2023

REGISTERED OFFICE	TRANSFER SECRETARY	UNAUDITED ABRIDGED GROUP INTERIM RESULTS
Suite 204	Central Securities Depository Botswana	FOR THE 6 MONTHS ENDED 31 DECEMBER 2023
Grand Baie Business Quarters	Plot 65411, Fairgrounds	Company Registration - 111905 C1/GBL
Chemin Vingts Pieds	Private Bag 0417
Grand Bay, 30529	Gaborone, Botswana
Republic of Mauritius
COMPANY - 6 months ended

Basic earnings per share (in USD) Diluted earnings per share (in USD) Number of Shares

31-Dec-23	31-Dec-22
USD	USD
-	-
-	-
26 615	-
(17 666)	(614 087)
-	-
-	-
8 949	(614 087)
754 429	386 376
(263 835)	(288 969)
499 543	(516 680)
-	-
499 543	(516 680)
499 543	(516 680)
499 543	(516 680)
499 543	(516 680)
COMPANY
31-Dec-23	31-Dec-22
USD	USD
-	-
-	-
2 030 743	2 030 743
23 140 755	22 159 735
-	-
-	-
-	-
25 171 498	24 190 478
18 282 547	17 792 963
(930 043)	(1 399 710)
-	-
17 352 505	16 393 253
3 936 725	3 942 280
3 500 000	3 500 000
7 436 725	7 442 280
-	-
382 268	354 945
-	-
382 268	354 945
7 818 993	7 797 225
25 171 498	24 190 478
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE 6 MONTHS YEAR ENDED 31 DECEMBER 2023
GROUP	COMPANY
31-Dec-23	31-Dec-22
USD	USD
546 281	(469 942)
(754 429)	(386 376)
263 835	288 969
(55 687)	567 349
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Revenue Cost of sales Gross Profit Other income Operating expenses Employee costs

Depreciation, amortisation and impairment expenses Operating loss

Finance income Finance cost

Profit (loss) for the period Taxation

Profit (loss) from continuing operations Other comprehensive income Available-for-sale financial assets adjustment Exchange difference on translating foreign operations

Total comprehensive profit (loss) for the period

Profit (loss) attributable to:

Owners of the parent Non-controlling interest

ASSETSNon-Current Assets

Property, plant and equipment Goodwill

Exploration assets Intangible Assets Right-to-use Investment in subsidiary Loans

Current Assets Inventories

Receivables and prepayments Cash and cash equivalent Total Assets

EQUITY AND LIABILITIES Equity

Equity attributable to owners of the parent

Stated capital (including advance against stated capital) Reserves

Accumulated loss Non-controlling interest Total equity

Non-Current Liabilities Loan notes

Finance Lease Libility Deferred consideration

Current Liabilities

Loans from group companies Trade and other payables Bank Overdraft

Total Current Liabilities Total Liabilities

Total Equity and Liabilities

CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations

Interest Income

Finance Costs

Foreign exchange losses/(gains) Tax paid

Net cash from operating activities

Net cash from investing activities

Net cash from financing activities

NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS

Cash and cash equivalent at the beginning of the period Effects of exchange rate movements

Total cash and cash equivalents at the end of the period Cash and Bank

Bank Overdraft

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023

Notes on Resources Statement

Shumba Energy has over 4 billion tons of coal of which an excess of 1 billion tons have been drilled to indicated and measured levels. These are the highest confidence levels of explorattion drilling and allowable resources to be Sechaba and Mabesekwa projects coal can be used for generating power and international export coal.

The multiple Thermal coal products from Morupule South Project may be sold into both Power Generation and Industrial markets both locally and internationally according to demand and the company's overall trade and supply demands.

By order of the board

The unaudited financial statements for the 6 Months ended 31 December 2023 is prepared in compliance with International Financial Reporting Standards (IFRS) but has not been reviewed by the Company's external auditors. The standard used for the disclosure of Mineral Resources, results, exploration is the JORC code

The Board of Directors accepts full responsibility of the accuracy of the information contained in the report.

The statement of direct and indirect directors and senior officers pursuant to section 8(2)M of the Securities (disclosure obligations of reporting issuers) rules 2005 is available free of charge at the registered office of the Company at Suite 204, Grand Baie Business Quarter, Grand Bay, Mauritius

Director: A M Clegg*, M Phumaphi, T Mokhathi, D K Chumum*^, A Rungussamy*^, T T Bolokwe*

*Appointed 9 June 2023 ^ Mauritius Resident Directors