Zeta Resources (ZER) investor relations material

Executive summary

• Net loss for the year ended 30 June 2024 was US$33.1 million, driven by unrealised investment losses and lower portfolio valuations compared to a US$4.3 million loss in 2023.

• Investments at fair value decreased to US$61.5 million from US$111.4 million year-over-year; cash and cash equivalents rose to US$12.5 million.

• No dividends were declared or paid during the year.

• Major shareholders (UIL and GPLPF) holding 95% of shares are considering compulsory acquisition of remaining shares post year-end.

Financial highlights

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

• Realised gains on sales were US$2.4 million; unrealised losses on investments were US$33.5 million.

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

• Cash flows from investing activities were positive at US$22.7 million, while operating activities used US$2.5 million.

• Share buybacks led to a reduction in share capital and share premium.

Outlook and guidance

• Directors believe the company can meet its commitments for at least 12 months and continue as a going concern.

• No material uncertainties identified regarding going concern status.