Anson Resources (ASN) H1 2025 earnings summary

Executive summary

• Net loss before tax increased to $4.85 million for the half-year ended 31 December 2024, compared to $4.32 million in the prior corresponding period.

• Continued investment in exploration, with $2.42 million added, mainly for Paradox and Green River Lithium Projects.

• Cash on hand at period end was $7.43 million, with net current assets of $5.88 million.

• No significant changes in the state of affairs or significant events after balance date.

Financial highlights

• Revenue from interest income was $30,046, down from $343,531 year-over-year.

• Loss after tax was $4,847,962, up from $4,321,709 in the previous half-year.

• Basic and diluted loss per share was 0.36 cents, compared to 0.34 cents in the prior period.

• Net operating cash outflow was $4.16 million, compared to $4.87 million in the prior period.

• Total assets increased to $58.60 million from $54.60 million at 30 June 2024.

Outlook and guidance

• Lithium prices remain volatile in the near term due to macroeconomic uncertainty, but mid- to long-term demand is expected to be strong.

• Further funding will be required to progress construction of Paradox basin lithium projects.

• Directors believe current cash and recent equity raises are sufficient for near-term commitments.