Agrimin (AMN) H1 2026 earnings summary

Executive summary

• Reported a net loss after tax of $907,643 for the half year ended 31 December 2025, a significant improvement from the $46.7 million loss in the prior corresponding period.

• Concluded a strategic review of the Mackay Potash Project, deciding to withdraw and commence surrender of related tenements.

• Maintained active engagement with local communities and government stakeholders, including a Deed of Variation to the Native Title Agreement post-period end.

• No lost time injuries or significant incidents reported during the period.

Financial highlights

• Cash and cash equivalents at 31 December 2025 were $2,263,654, down from $2,843,666 at 30 June 2025.

• Total assets increased to $49.4 million from $40.8 million at 30 June 2025, mainly due to the revaluation of investments.

• Net assets rose to $35.9 million from $29.4 million at 30 June 2025.

• Basic and diluted loss per share was (0.24) cents, compared to (13.78) cents in the prior period.

• Administrative expenses for the half year were $627,071, down from $1,253,556 in the prior period.

Outlook and guidance

• Focus remains on exploration at the West Arunta Project and identifying new exploration opportunities across Australia.

• Ongoing cost reduction measures and cash preservation strategies are in place.

• Directors believe the group will continue as a going concern, supported by the ability to raise capital and scale down operations if needed.