Pacific Lime and Cement Limited (PLA) investor relations material

Executive summary

• FY26 shifted toward full-scale Central Lime Project development after FID on 4 Aug 2025; lime product sales commenced, while the Group recorded a A$27.6m net loss.

• Auditors issued an unmodified opinion but highlighted material uncertainty over going concern, citing a A$14.3m net current liability position and the A$21.8m ACAM notes maturing 31 Oct 2026.

Financial highlights

• Revenue from product sales was A$1.93m; other income was A$1.34m versus A$7.66m in FY25, which included a A$6.67m gain on deemed disposal of an associate.

• Net loss was A$27.58m versus FY25 net profit of A$271k; FY26 included A$4.46m share-based payment expense, A$8.81m ACAM note interest expense and A$4.73m fair-value loss on the notes.

• Cash and cash equivalents were A$16.72m at 30 June 2026 versus A$39.20m a year earlier; total assets were A$179.83m and total liabilities A$37.33m.

• Net cash used in operations was A$9.06m; investing cash outflow was A$18.13m and financing cash inflow was A$5.00m.

Outlook and guidance

• Management expects ACAM notes to convert into ordinary shares at their 31 Oct 2026 maturity, extinguishing the liability without cash repayment; this expectation is central to its going-concern assessment.

• Central Lime Project production is anticipated by end-March 2027; the development asset is not depreciated until available for use.

• Directors cited A$16.7m cash at year-end, US$16.3m (A$23.7m) received in Aug 2026 from Kumul Minerals, listed investments of A$15.6m and a proposed A$10m cost-overrun facility.