Forgent (AIM:FORG), the technology-led energy transition company, reported its full-year results for the year ended 31 December 2025 and said management changes in October 2025 set in train a strategic review that refocused the group on its gasification platform alongside a new critical- and precious-metals programme.
The board and new management carried out a portfolio review that led to impairments across legacy gasification assets (retaining only Technology Patent Assets) and a reduction in the annualised corporate cost base of approximately 53% versus full year 2024.
Post-period the company completed a February 2026 relaunch and equity raise, acquired a 99% interest in the Green Rock project, secured a 51% interest in Peak Hills with the remaining 48% under option, agreed an option over Mount Sholl (80%), commissioned independent CPRs and reported Green Rock surface assays up to 29.4% Cu and 4.8 g/t Au.
"We now operate with a leaner cost structure, an enhanced portfolio of assets and a clear focus on execution, creating strong operational momentum across the business," James Parsons, Chief Executive Officer, said.
An aircore drilling campaign at Peak Hills is scheduled to start the week commencing 21 June with 42 holes planned to a maximum depth of 100 metres across seven priority targets.
