1st Quarter Results

This announcement contains inside information as defined by the Market Abuse Regulations (EU) No. 596/2014.

MINERAL AND FINANCIAL INVESTMENTS LIMITED

Unaudited First Quarter 2026 NAVPS was 37.9p, up 29.6% yr/yr.

HIGHLIGHTS

· NAV on 30 September 2025 was £15.106 million, up 31.3% Yr/Yr from £11.501 million

· NAVPS2 was 37.9p as of 30 September 2025, an increase of 29.6% yr/yr.

· Since 2018 NAVPS2 has increased by an average of 28.0% per annum.

· Unaudited EPS2 FD was 3.44p for the Q1-2026 period vs. 0.14p in Q1-2025.

· Investable Capital1 increased to £15.568 million up 31.0% Yr/Yr from £11.886 million.

Camana Bay, Cayman Islands - 20 January 2026 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) ("M&F" "MAFL" or the "Company") is pleased to provide an unaudited quarterly update of its financial performance and its Net Asset Value ("NAV") for the first quarter ending 30 September 2025. At the end of the first quarter, the NAV was £15.106 million, up 31.3%, from £11.501 million one year ago (table 1). The Net Asset Value Per Share ("NAVPS") was 37.9p at the end of the Q1-2026 period, up 29.6% year on year. Unaudited gross profit for the quarter was £1.550 million and operating profits of £1.397 million resulting in net profits of £1.380 million or 3.44p on a fully diluted basis for the quarter ending 30 September 2025. M&F's Investable Capital[1] was £15.568 million on 30/09/2025 up from £11.886 million a year ago.

The following is a summary of the NAV, updated to include this unaudited NAV calculation:

NAV SUMMARY OF HISTORICAL PERFORMANCE

(Table 1)

M&F's NAVPS annual compound growth rate since September 30, 2020 (5 years) has been 19.5%. The Q1-2026 results were not materially impacted, positively, or negatively, by movement of the US dollar, which rose 0.4% versus the GBP over the last year. The most notable impact on the Company's NAV was the appreciation of Gold (+46.6%), Silver (+50.9%) and Rhodium (+49.5%) in US dollars on a year-on-year basis.

PORTFOLIO COMPOSITION

(Table 2)

These results, as noted in our most recent annual report, are moderated by most of our unquoted investments, representing 55% of our investable capital, not being revalued as these investee companies have not needed to raise new capital and therefore are still carried at their most recent financing valuation. We believe that the value of these unquoted investments will have benefitted from the general rise in commodity prices.

In closing, there has rarely a period of greater turbulence in the global political, economic, military and social affairs. This heightened unpredictability will, if unabated, is likely to gradually erode investor confidence in financial assets. We believe that this uncertainty will foster an environment in which investors will increasingly seek precious metal commodity investments, supporting a continued positive outlook for the sector.

FOR MORE INFORMATION:

Jacques Vaillancourt, Mineral & Financial Investments Ltd. +44 780 226 8247

Katy Mitchell, Zeus Capital Ltd. +44 207 220 1666

Jon Belliss, AlbR Capital Limited +44 207 382 8300

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.