Zeta Resources (ZER) investor relations material

Executive summary

• Reported a net loss of US$33.1 million for the year ended 30 June 2024, driven by unrealised losses on investments and lower portfolio valuations.

• Continued to invest in resource-focused listed and unlisted companies, with US$14.1 million in new investments and US$2.4 million in realised gains from sales.

• No dividends were declared or paid during the year.

• Major shareholders (holding 95%) announced intentions to acquire remaining shares via compulsory acquisition post year-end.

Financial highlights

• Total comprehensive loss for the year was US$33.1 million, compared to a loss of US$4.3 million in the prior year.

• Revenue was US$70,035, with investment losses of US$31.3 million, mainly from unrealised fair value losses.

• Cash and cash equivalents increased to US$12.5 million from US$1.8 million year-over-year.

• Investments at fair value declined to US$61.5 million from US$111.4 million year-over-year.

• Basic and diluted loss per share was US$0.06, compared to US$0.01 in the prior year.

Outlook and guidance

• Directors believe the company remains a going concern, with sufficient liquidity and realisable assets to meet obligations for at least 12 months.

• No material uncertainties identified that would cast doubt on the company’s ability to continue as a going concern.