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VHM
VHM (VHM) investor relations material
VHM H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary3 Mar, 2026
Executive summary
Loss after tax for the half-year ended 31 December 2025 was $3.26 million, a slight improvement from $3.30 million in the prior year, mainly due to reduced discretionary corporate and administrative spending.
Significant regulatory milestones achieved for the Goschen Project, including final mining approval, environmental, and cultural heritage clearances.
Capital raising activities during the period generated $11.6 million to fund ongoing project development.
Leadership changes included the appointment of a new CEO and CFO.
Financial highlights
Revenue consisted solely of interest income: $87,000 (2024: $93,000).
Net loss after tax: $3.26 million (2024: $3.30 million).
Cash and cash equivalents at period end: $13.2 million (30 June 2025: $8.1 million).
Net assets increased to $73.4 million (30 June 2025: $64.1 million).
Capital raised via placement and SPP: $11.6 million before costs.
Outlook and guidance
Focus for the next six months includes further de-risking of the Goschen Project, contractor selection, offtake negotiations, and advancing project financing.
Final Investment Decision for the Goschen Project targeted for mid-2026, with production commencement aimed for late 2027.
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Latest events from VHM
- Loss narrowed, capital raised, and Goschen Project advanced toward 2026 production.VHM
H1 202526 Jan 2026 - Advanced Goschen Project, raised $8.6M, and narrowed net loss to $6.4M for FY2025.VHMH2 202526 Jan 2026
- Major financing, regulatory milestones, and resource updates position project for 2027 production.VHMQ2 2026 TU21 Jan 2026
- Major rare earths project in Victoria targets Q2 2027 production with strong government backing.VHMAGM 2025 Presentation18 Nov 2025
- Goschen project secures approvals, financing, and offtake deals for rare earths production.VHMInvestor Presentation21 Oct 2025
- Advanced Goschen Project with major offtake, financing, and regulatory milestones; cash at $5.0M.VHMQ1 2026 TU15 Oct 2025
- Mining licence secured, $8.6M raised, and strategic offtake deals advance Goschen Project.VHMQ4 2025 TU28 Jul 2025
- Goschen advances as a low-cost, high-value rare earth project with strong growth prospects.VHMAGM 2024 Presentation1 Jul 2025
- Goschen targets 2026 production with robust economics, advanced approvals, and strong resource base.VHMInvestor Presentation1 Jul 2025
Next VHM earnings date
Q3 2026 TU1 Jun, 2026
VHM
Next VHM earnings date
Q3 2026 TU1 Jun, 2026
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