Anson Resources (ASN) H1 2026 earnings summary

Executive summary

• Loss before tax decreased 30% to $3.36M for the half-year ended 31 Dec 2025, driven by cost reduction strategies compared to the prior period.$3,141,741 was invested in exploration, mainly at the Green River Project.

• Cash on hand increased to $14M (from $2.45M at 30 Jun 2025) and net current assets rose to $12.4M, supporting ongoing exploration and development.

• Two capital raises totaling $19M were completed to fund project optimization and engineering at Green River.

Financial highlights

• Net loss after tax was $3.36M, down from $4.85M in the prior year period.

• Cash and cash equivalents at period end were $14M, up from $2.45M at 30 Jun 2025.

• Net operating cash outflow was $3.59M, improved from $4.16M in the prior period.

• Equity increased to $62M from $49M at 30 Jun 2025.

Outlook and guidance

• Directors expect current cash and recent equity raises to cover exploration and corporate costs for at least 12 months.

• Further funding (debt/equity) will be required for construction of Paradox Basin lithium projects.

• The lithium market is expected to remain volatile short-term but with strong mid- to long-term fundamentals due to EV and battery demand.